Donald Trump’s cryptocurrency platform launches with setbacks

The cryptocurrency platform owned by former U.S. President Donald Trump witnessed an unsuccessful launch after offering 20 billion units of its digital currency for sale at a price of 1.5 cents per unit. The platform, named “World Liberty Financial”, attracted only a few investors, with only 3% of the total available coins sold by Tuesday evening, indicating a weak start to a project that was heavily advertised.

The platform was launched in collaboration with Trump’s sons and other businessmen in mid-September. Users can use the cryptocurrencies on the platform to vote on administrative decisions. Despite promises of new services like lending and borrowing, the launch fell short due to technical issues, as the platform’s website experienced malfunctions that resulted in weak sales.

Observers attributed the lack of interest to these technical problems along with some mystery surrounding the decentralized financial project that is still not adequately explained to the public.

This move from Trump comes after a drastic change in his stance on cryptocurrencies, as he previously described them as fraudulent during his presidency, but now portrays himself as a Bitcoin-supporting president if he wins the upcoming elections. The platform aims to provide innovative services in the world of digital currencies, but it seems to be facing significant technical and marketing challenges that need to be addressed to ensure the project’s success.