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Trump’s cryptocurrency platform gets off to a rocky start economy

manhattantribune.com by manhattantribune.com
16 October 2024
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Trump’s cryptocurrency platform gets off to a rocky start economy
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Former US President Donald Trump’s cryptocurrency platform witnessed a faltering start, with only a few investors buying the units of his digital currency that were made available for sale.

The Republican candidate for the presidency of the United States announced – in mid-September – that he, along with his sons and businessmen, would launch the “World Liberty Financial” platform.

Yesterday, the company offered 20 billion units of digital currency at a price of 1.5 cents each, with a total value of $300 million, but only 3% of them were sold by Tuesday evening.

The units can be used as cryptocurrencies and also allow buyers to vote on the management of the platform.

Observers attributed the low sales to technical problems, given that the company’s website faced malfunctions earlier today.

The World Liberty Financial platform will allow users to lend or borrow digital currencies from each other, a service provided by many platforms, the most famous of which is Aave.

During his presidency, Trump referred to cryptocurrencies as a fraud, but he changed his position, presenting himself as a “pro-Bitcoin president” if elected next November.

Tags: CryptocurrencyeconomyplatformRockystartTrumps
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