Friday, October 25, 2024

🫧 No one wants Trump's crypto

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Donald Trump allegedly used to be a good salesman. He 'wrote' an entire book about his skill in making deals.

But, so far, he hasn't sold 5% of the (reduced) offering of his new cryptocurrency project, World Liberty Financial.

Screenshot of the World Liberty Financial website from 2024-10-24.

What's even more embarrassing, or at least should be, is that the 20 billion tokens on sale is a massive reduction from what the project originally promised.

In the Space with Donald Trump where World Liberty Financial promoted the token, it promised that approximately 63% of the tokens would be sold to the public and said only 20% was reserved for team and advisors.

Trump World Liberty Sale Lie.mp3

This promise was quickly abandoned. Now the gold paper claims only 35% will be available in the sale. Strangely though, 35% would be 35 billion, which is almost double what is actually for sale. This contradiction is also not explained in the Sale Terms, which also claims 35%.

So the amount for sale was cut from 63 billion to 35 billion to 20 billion, and so far has sold less than 1 billion.

This 20 billion mark is less than the 22.5 billion received by Donald Trump (he gets 75% of the protocol revenue, too).

Even more problematic, this rate of purchases seems to be slowing.

Image from Dune Dashboard created by 'Seoulcalibur.eth'

A truly astounding performance from one of history's most infamous sexual predators and fraudsters, that reflects on all the many founders and advisors who thought this was a worthwhile project.

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