NEW YORK, United States — Former US President Donald Trump’s new cryptocurrency platform, World Liberty Financial, had a rough start on Tuesday. The company launched by Trump, his sons, and other entrepreneurs, aimed to sell 20 billion digital tokens at 1.5 cents each, totaling $300 million in value. However, by the end of the day, only three percent of the tokens were sold.
The platform allows users to buy and use the tokens like cryptocurrencies, and gives them the power to vote on how the platform is run.
Many believe the slow sales were due to technical glitches, as the website had problems and went down earlier in the day.
World Liberty Financial plans to offer users the ability to lend or borrow cryptocurrency from each other, something other platforms like Aave already do.
Trump’s shift in attitude toward cryptocurrency is surprising, as he once called it a scam during his presidency. Now, he promises to be a “pro-bitcoin president” if re-elected in November.
