- October 15, 2024
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
World Liberty Financial (WLFI) has restored its website after hours of downtime caused by a surge of traffic during the initial hours of its highly anticipated token pre-sale.
The Trump-family DeFi platform, which launched the pre-sale of its WLFI tokens earlier today, experienced an overwhelming number of visitors, which led to the site’s complete crash.
Despite restoring service, the website continues to experience intermittent technical issues with loading, while some of the integrated feeds meant to track on-chain activity remain non-functional.
Key metrics
As of press time, the platform has raised roughly $7.96 million in WLFI token sales, based on Etherscan data.
In total, approximately 530.7 million WLFI tokens were bought on the day by roughly 4,474 holders as of press time, reflecting continued interest from investors after the site was restored.
WLFI tokens are being sold at $0.015 each, and on-chain data shows that buyers have continued to secure them throughout the day. Individual buyers acquired amounts ranging from 1,365 WLFI to 86,678 WLFI per transaction.
The pre-sale’s goal is to raise $300 million, and while there’s still significant ground to cover, the early activity shows steady progress despite the technical challenges. With over 100,000 whitelisted participants, sales are expected to grow as the pre-sale continues.
Pre-sale goals
The WLFI token is set to serve as the governance token for World Liberty Financial’s Ethereum-based DeFi protocol. The platform aims to position itself as a major player in the DeFi space, focusing on services like borrowing and lending.
Though the website’s downtime delayed some initial purchases, the successful recovery and the volume of transactions suggest that the project remains on track to continue building momentum.
The next phase of the sale will be critical as the project works toward its ambitious fundraising goal, and potential buyers will be looking to participate now that the technical difficulties appear to have been resolved.
Editor’s Note: The article was published before the website experienced a second outage at roughly 20:02 UTC.
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