Former US President Donald Trump’s cryptocurrency platform had a slow start to sales on Tuesday, with only a fraction of the digital tokens on the market finding buyers.
In mid-September, the Republican candidate announced that he and his son and other entrepreneurs would launch a platform called World Liberty Financial.
The company offered about 20 billion digital tokens worth 1.5 cents each, worth a total of $300 million, but only 3% had been purchased by Tuesday evening.
The tokens can be used as cryptocurrencies and give buyers the right to vote on the platform’s governance.
Many observers blamed the poor sales on technical issues, as the company’s website suffered an outage earlier in the day.
World Liberty Financial allows users to lend and borrow cryptocurrencies to each other. This service is already available on many platforms, one of the most well-known of which is Aave.
While Trump was president, he referred to cryptocurrencies as a scam, but has since changed his stance and is calling himself a “pro-Bitcoin president” if elected in November.
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