World Liberty Financial (WLFI) successfully restored its website following a period of downtime caused by a significant influx of traffic during the initial stages of its highly anticipated token pre-sale.
The DeFi platform, associated with the Trump family, commenced the pre-sale of its WLFI tokens earlier in the day, attracting an overwhelming number of visitors that resulted in the site crashing completely.
Although service has been reinstated, the website is still encountering intermittent technical issues with loading, and certain integrated feeds designed to monitor on-chain activity remain inactive.
Key statistics
At the time of publication, the platform has generated approximately $7.96 million in WLFI token sales, according to data from Etherscan source.
A total of around 530.7 million WLFI tokens were purchased on the day by approximately 4,474 holders, indicating sustained interest from investors following the website’s recovery.
WLFI tokens are priced at $0.015 each, and on-chain data reveals that buyers have continued to acquire them throughout the day, with individual transactions ranging from 1,365 WLFI to 86,678 WLFI.
The pre-sale’s objective is to raise $300 million, and while there is still a substantial amount to be raised, early activity demonstrates consistent progress despite the technical hurdles. With over 100,000 whitelisted participants, sales are expected to increase as the pre-sale advances.
Pre-sale objectives
The WLFI token is designated to function as the governance token for World Liberty Financial’s DeFi protocol built on Ethereum. The platform seeks to establish itself as a significant player in the DeFi sector, concentrating on services such as borrowing and lending.
Although the website’s downtime caused delays in initial purchases, the successful recovery and transaction volume indicate that the project is maintaining its momentum.
The upcoming phase of the sale will be crucial as the project strives towards its ambitious fundraising target, and potential buyers will be eager to participate now that the technical issues seem to have been resolved.
Editor’s Note: The article was released prior to the website experiencing a second outage around 20:02 UTC.
