Former US President Donald Trump’s cryptocurrency platform had a rocky sales launch Tuesday, with only a quarter of the digital tokens offered to public sold.
The Republican candidate announced in mid-September that he, his sons, and entrepreneurs will create a platform named World Liberty Financial.
The startup offered 20 billion digital tokens, each valued at 1.5 cents, for a total of $300 million, but only three percent had been purchased by Tuesday evening.
Many analysts attributed the low sales to technological issues, as the company’s website had disruptions earlier in the day.
World Liberty Financial will allow users to lend or borrow bitcoins from one another, a service already available on many platforms, like Aave.
During his administration, Trump referred to cryptocurrencies as a hoax, but he has now modified his views, describing himself as a “pro-bitcoin president” if elected in November.
