Has Trump's crypto platform flopped?

Donald Trump's crypto project, World Liberty Financial (WLFI), has not lived up to prediction so far. The company has now drastically revised down its revenue expectations.

World Liberty Financial has sharply lowered its revenue targets, according to documents which filed the DeFi project with the SEC. Originally, the plan was to raise $300 million with the token sale. But in updated SEC documents, this amount has now been revised to just $30 million - a 90 percent drop.

An explanation for this drastic adjustment has not yet been given. Details of Etherscan show, however, that the token probably could not live up to the hype. One reason for the rapid decline: technical problems at launch.

WLFI was intended to further strengthen Donald Trump's involvement in the crypto world, with his family being the face of the DeFi project. However, the project also received criticism beforehand. Many Americans could not participate in the presale due to regulations. Only "selected investors" had access to the platform in the US. Some critics even called it a "scam." You can read more news about the U.S. election and the crypto sector here.