Why Trump’s crypto project did not attract the expected interest: There are 3 reasons

The World Liberty Financial project, which US presidential candidate Donald Trump touted as “It will be effective in making America a crypto centre”, did not attract the expected interest in the first days. While only 4% of the tokens put up for sale have been received, experts put forward 3 reasons.

Why Trump’s crypto project did not attract the expected interest: There are 3 reasons

World Liberty Financial, the decentralised finance project announced by Donald Trump in the summer, has not yet attracted the expected interest. In the project, where only 4% of the supply was sold as of the first 3 days, only 850 thousand out of 20 billion (pre-sale supply) tokens were sold.

SEC restrictions, site collapse, Trump audience…

Experts attribute the low interest in the project to 3 reasons. The first of these is shown as the restrictions of the SEC. As it is known, the US Securities and Exchange Commission (SEC) limited participation in this project in the first place only to accredited investors. This investor group must have a wealth of at least $1 million, as well as an annual salary income of at least $200,000 ($ 300,000 for married couples). It is also one of the conditions that these salaries and incomes must be earned for more than 2 years…

According to analysts, this harsh restriction may have kept investment in the project at a low level.

According to Nansen analyst Edward Wilson; It was a surprise to him that interest was so low. Wilson said, “So the Trump audience was not so crypto-dependent, even though a crypto-friendly policy was being pursued.” Therefore, along with the SEC restrictions, the Trump audience’s lack of interest in crypto is also seen as a reason.

Another issue was that the World Liberty Financial website crashed for a while on the day the pre-sale started. The inability of users who could not access the site to make purchases may have reduced token sales.

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