Donald Trump-Backed World Liberty Financial Off To A Slow Start — Raises Just 4% Of The Token Fundraising Target
Portfolio Pulse from Aniket Verma
Donald Trump-backed cryptocurrency project World Liberty Financial (WLFI) has raised only 4% of its $300 million token presale target, selling $12.46 million worth of tokens. The WLFI token, a governance token for DeFi activities, is non-transferable and non-yielding, which may be affecting its presale performance.
October 17, 2024 | 6:05 am
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NEGATIVE IMPACT
The article mentions Bitcoin in the context of WLFI's focus on dollar-backed stablecoins rather than speculative assets like Bitcoin. This could imply a negative sentiment towards Bitcoin's speculative nature.
WLFI's emphasis on stablecoins over speculative assets like Bitcoin suggests a preference for stability, potentially impacting Bitcoin's perception negatively.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 20