{"id":114694,"date":"2024-10-16T06:37:49","date_gmt":"2024-10-15T23:37:49","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=114694"},"modified":"2024-10-16T06:37:49","modified_gmt":"2024-10-15T23:37:49","slug":"trumps-crypto-website-crashed-after-its-wlfi-token-went-on-sale","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=114694","title":{"rendered":"Trump\u2019s crypto website crashed after its WLFI token went on sale"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">Former President Donald Trump\u2019s cryptocurrency project, World Liberty Financial, launched its token sale on Tuesday \u2014 and its website crashed shortly afterward.<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">The whitelist for the much-hyped but <a href=\"https:\/\/www.theverge.com\/2024\/9\/30\/24258815\/world-liberty-financial-accredited-investors-know-your-customer-trump\">still largely unexplained decentralized finance project<\/a> opened on September 30th for accredited investors and non-US persons. World Liberty Financial co-founder Zach Folkman claimed on Monday that \u201cwell over 100,000 people\u201d had signed up to buy its token WLFI, <a href=\"https:\/\/www.cnbc.com\/2024\/10\/15\/trumps-coin-sale-misses-early-targets-as-crypto-website-crashes.html\">according to CNBC<\/a>. As of publication time, the site appeared to be back online.<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">However, according to blockchain data <a href=\"https:\/\/etherscan.io\/token\/0xda5e1988097297dcdc1f90d4dfe7909e847cbef6#balances\">tracked by Etherscan<\/a>, just 5,317 unique wallet addresses held the token as of Tuesday afternoon, and World Liberty Financial said it sold more than 532 million tokens of the 20 billion made available for public sale.<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">Sandy Peng, a WLFI advisor, <a href=\"https:\/\/www.coindesk.com\/markets\/2024\/10\/15\/trump-familys-world-liberty-finance-token-sale-appears-to-go-live-selling-220m-wlfi-in-minutes\/\">told <em>CoinDesk<\/em><\/a> that the outages resulted from excessive traffic. \u201cThe team wasn\u2019t expecting this level of interest,\u201d Peng said, adding that the website received 72 million unique visits in the first hour after the token launched.<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\"><em>CoinDesk <\/em>reports that the WLFI token, which will be non-transferrable for now, will be used to govern the World Liberty Financial platform. Holders will be able to have a say in protocol upgrades, technical changes, promotional partnerships, and oversight of security risks. The platform itself will let users borrow and lend cryptocurrency.<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">Despite Trump and his associates\u2019 promotion of World Liberty Financial as a tool to help unbanked and de-banked people, only those who meet the Securities and Exchange Commission\u2019s (SEC) accredited investor requirements can purchase WLFI. To qualify as an accredited investor, a person must have an income of at least $200,000 (or $300,000 with a spouse) and\/or a net worth of at least $1 million, excluding their primary residence.<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">World Liberty Financial <a href=\"https:\/\/static.worldlibertyfinancial.com\/docs\/intl\/gold-paper.pdf\">released a so-called \u201cgold paper\u201d<\/a> about the token on Tuesday, which lists Trump as the \u201cchief crypto associate.\u201d His three sons \u2014 Eric, Donald Trump Jr., and Barron \u2014 are listed as Web3 Ambassadors.\u00a0<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white\">According to the paper, the World Liberty Financial protocol \u201cplans to provide users with information and access to third-party DeFi applications, including third party digital wallet providers for acquiring, holding, and transferring stable coins, and non-security digital assets.\u201d Notably, the paper says that the tokens \u201cARE NOT AVAILABLE FOR U.S. PERSONS\u201d and \u201cHAVE NOT BEEN REGISTERED WITH ANY U.S. OR OTHER AUTHORITY.\u201d<\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.theverge.com\/2024\/10\/15\/24271242\/world-liberty-financial-token-sale-website-crash-trump\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former President Donald Trump\u2019s cryptocurrency project, World Liberty Financial, launched its token sale on Tuesday \u2014 and its website crashed shortly afterward. The whitelist for the much-hyped but still largely &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=114694\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-114694","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/114694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=114694"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/114694\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=114694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=114694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=114694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}