World Liberty Financial (WLF) Token Sale Falls Short of Projections, Raising $11.49M on First Day

World Liberty Financial (WLF), the highly anticipated decentralized finance (DeFi) protocol backed by Donald Trump, kicked off its public token sale on Tuesday, raising approximately $11.49 million on its first day.

Anticipated DeFi protocol World Liberty Financial (WLF), backed by Donald Trump, commenced its public token sale on Tuesday, garnering roughly $11.49 million on the first day.

This sum constitutes about 3.8% of the protocol’s ambitious $300 million fundraising goal expected from the token’s initial sale.

Figures Fall Short of Projections

These results fall short of the projections outlined in the WLF’s roadmap, which anticipated raising $300 million through the sale of 20% of the WLFI token supply. This would have given the token a fully diluted market capitalization of $1.5 billion.

On Monday, co-founder Zak Folkman hosted a live stream on X Spaces, revealing that “well over 100,000 people” had signed up for the whitelist since it opened on September 30.

More Details on the Project

The roadmap also revealed that WLFI will function as a governance token, allowing holders to vote on decisions about the platform’s future. However, investors will not be able to transfer their tokens for at least one year after purchase.

The final phase will focus on fractionalizing real-world assets and obtaining the necessary regulatory licenses.

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