Donald Trump’s latest cryptocurrency venture, World Liberty Financial (WLFI), was announced in September 2024. While WLFI struggles with technical issues and sluggish sales following its public launch, Bitcoin is experiencing significant gains, driven by investor confidence, macroeconomic conditions, and political factors. WEEX highlights how Bitcoin is increasingly seen as a hedge against inflation and traditional financial markets, especially amid growing skepticism around smaller projects like WLFI. Investors are urged to stay informed and evaluate various market factors when making decisions.

Contents

1 Introduction
2 WLFI Token Launch: High Traffic Leads to Technical Problems
3 Trump Family’s Earnings and WLFI Token Structure
4 Bitcoin’s Surge: Is There a Trump Factor?
5 Why Is Bitcoin Rising Amid WLFI’s Struggles?
6 How To Buy WLFI Token on WEEX?
7 World Liberty Financial Related Articles on WEEX
8 Find us on:

Introduction

This week, World Liberty Financial (WLFI), a cryptocurrency project linked to the Trump family, made its public debut. However, the project’s launch has not met initial expectations, with several obstacles along the way, including website issues and slower-than-expected sales. At the same time, Bitcoin has experienced a significant rally, raising questions about whether there’s a connection between the two events. In this article, we’ll explore what’s happening with WLFI and how the broader cryptocurrency market, especially Bitcoin, is reacting.

WLFI Token Launch: High Traffic Leads to Technical Problems

On October 16, 2024, World Liberty Financial (WLFI) began its public sale, backed by the Trump family. Despite the excitement surrounding the project, its performance has fallen short. Shortly after launching, the official WLFI token sales website saw over 72 million independent visits within its first hour, causing the site to crash. WLFI advisor Sandy Peng, co-founder of the Scroll blockchain network, attributed the website downtime to an unexpectedly high level of traffic. After brief outages, the team moved to a new hosting service to stabilize the platform.

Despite this initial rush, WLFI sales have faced challenges. By October 17, the project had only raised $12.51 million, and on-chain data shows that token holders still possess less than 1% of the available supply.

Trump Family’s Earnings and WLFI Token Structure

One key aspect of WLFI is its revenue-sharing model, which benefits the Trump family significantly. According to official documents, 75% of WLFI’s net income will go to a Delaware-based company, DT Marks DEFI LLC, linked to the Trump family. This could result in earnings of $337.5 million, given the current token price of 1.5 cents and the family’s allotment of 22.5 billion WLFI tokens. Notably, the documents clarify that the Trump family does not hold any official positions within WLFI and emphasize that the project is not connected to any political activities.

The remaining 25% of net income will be allocated to Axiom Management Group (AMG), a Puerto Rican company co-owned by WLFI’s co-founders, Chase Herro and Zachary Folkman. Additionally, Steve Witkoff, a political donor and close associate of Trump, will share in AMG’s profits.

Bitcoin’s Surge: Is There a Trump Factor?

While WLFI faces hurdles, BTCUSDT has surged, climbing to $68,000 within the past week. The market capitalization of Bitcoin now stands at $1.35 trillion, surpassing major financial companies like Mastercard and Visa combined.

This rise is linked to growing investor confidence, partly fueled by the prospect of Donald Trump winning the 2024 U.S. presidential election. Trump’s perceived support for cryptocurrency has driven optimism among Bitcoin investors. During a speech at the U.S. Bitcoin Conference in July, Trump promised to integrate BTC into the U.S. national reserves if elected. He also discussed bolstering the country’s BTC mining efforts and establishing the world’s first Presidential Crypto Advisory Board. His remarks have thrust Bitcoin further into the global spotlight, positioning it as a potential reserve asset.

Why Is Bitcoin Rising Amid WLFI’s Struggles?

Several factors explain the divergence between WLFI’s difficulties and Bitcoin’s success:

Investor Confidence in Bitcoin: With global economic uncertainties and inflation fears, investors are increasingly turning to Bitcoin as a safe-haven asset. Bitcoin’s finite supply and decentralized nature make it attractive during times of financial instability.
WLFI’s Troubles: WLFI’s technical and sales issues may have shaken investor confidence in smaller crypto projects, prompting some to move their funds into more established assets like Bitcoin.
Fear of Missing Out (FOMO): As Bitcoin’s price rises, more investors may be drawn to the market, fearing they will miss the next big opportunity. This influx of buyers drives prices up even further.
Macroeconomic Factors: Global monetary policies are also influencing the cryptocurrency market. When traditional currencies devalue, digital assets like Bitcoin gain appeal as alternatives. Bitcoin, often referred to as “digital gold,” holds a special place in the crypto world due to its scarcity and decentralized nature.

How To Buy WLFI Token on WEEX?

Create an Account: Sign up for a WEEX account if you haven’t already. Complete the necessary KYC (Know Your Customer) verification process to ensure compliance with regulations.
Deposit Funds: Add funds to your WEEX account. You can deposit cryptocurrencies or fiat, depending on the options available on the platform.
Navigate to the WLFI Listing: Once your account is funded, go to the trading section and search for the WLFI token.
Place an Order: Choose the type of order you want to place (market or limit) and enter the amount of WLFI you wish to purchase. Confirm the transaction.
Review Your Purchase: After the order is executed, check your wallet on WEEX to confirm that the WLFI tokens have been credited.
Secure Your Tokens: Consider transferring your WLFI/USDT tokens to a secure wallet for long-term storage, especially if you’re not planning to trade them frequently.

For more detailed information, you can visit the WEEX help center or their official website.