Interesting Facts About Trump's World Liberty Financial Token

Bittime - Token World Liberty Financial (WLFI) launched by former US President Donald Trump, experienced disappointing sales. Here are some interesting facts behind the launch of the World Liberty Financial (WLFI) token.

1. People don't know that WLFI tokens cannot be transferred

Unlike other cryptocurrencies, WLFI cannot be moved from one wallet to another. This means that token holders cannot sell them to anyone else, either inside or outside the US. The only way to use these tokens is to wait for the launch of the promised DeFi protocol, where token holders will have voting rights. The inability to transfer tokens is a big barrier for many potential buyers.

2. People don't know that WLFI tokens have a purchase limit

One of the main factors causing low sales of WLFI is restrictions on who can purchase the token. Only accredited investors in the US or non-residents are allowed to participate. 

Users visiting the website must confirm their status as accredited investors, which means they must meet certain criteria, such as annual income above $200,000 or have a net worth of more than $1 million. 

This effectively excludes most US citizens, including many Trump supporters.

3. WLFI tokens cannot be transferred yet, but people are suspicious that this is a scam

Many people are skeptical of the project, with some considering it a scam. Although information about the non-transferability of tokens is included on the website, some people feel that the information is not communicated clearly. 

This uncertainty can make potential buyers hesitate to invest.

Read too How to Buy World Liberty Financial (WLFI) Tokens, Here are the Steps!

4. The WLFI website once crashed and that made people doubtful

The WLFI website experienced technical issues resulting in some users being unable to access it when attempting to purchase tokens. Some reports say that users are getting error messages when trying to access the purchase page. 

This may make potential buyers lose interest and choose not to continue with the purchase.

5. People don't know if they want to buy WLFI tokens or the identity verification process

The process for purchasing WLFI is also considered too complicated. Prospective buyers must go through a KYC (Know Your Customer) process which requires identity verification. 

Many people may be unsure whether they qualify as an accredited investor or feel uncomfortable uploading their personal documents. 

Difficulty in this process may be an additional reason why many Trump supporters chose not to participate in the token sale.

Read too World Liberty Financial (WLFI) Launches on Aave Mainnet

Conclusion

Even though the WLFI sale did not go well, Trump still has strong support among the crypto community in the US. Several Trump-affiliated political action groups raised more than $7.5 million in cryptocurrency in recent months.

FAQ Token World Liberty Financial (WLFI)

Why can't WLFI tokens be transferred? 

WLFI tokens cannot be moved from one wallet to another, meaning holders cannot sell or transfer the tokens to others. The only way to use these tokens is to wait for the launch of the promised DeFi protocol, where holders will have voting rights.

Who can buy WLFI tokens? 

Only accredited investors in the US or non-residents are allowed to purchase WLFI tokens. Potential buyers must meet certain criteria, such as annual income over $200,000 or net worth over $1 million, which excludes most US citizens.

What happens to the WLFI website at launch? 

The WLFI website experienced technical issues that prevented some users from accessing it when attempting to purchase tokens. Some reports say that users are getting error messages, which can make potential buyers lose interest in investing.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

Reference

Christopher Roark, 5 reasons why Trump’s World Liberty Financial token crashed and burned, Accessed January 20, 2025

Author: IN