(MENAFN) Former U.S. President Donald Trump launched his cryptocurrency platform on Tuesday, but it faced challenges, with only a few buyers purchasing his new digital currency.
In mid-September, Trump, along with his sons and some businessmen, announced the World Liberty financial platform. They offered 20 billion units of the digital currency at 1.5 cents each, aiming to raise USD 300 million. However, by Tuesday evening, only 3 percent had sold.
The currency can be used as a cryptocurrency and gives buyers voting rights on platform decisions. Low sales were attributed to technical problems, including website malfunctions that deterred investors.
The World Liberty Financial platform aims to facilitate lending and borrowing of cryptocurrencies, similar to platforms like Aave. Trump had previously criticized cryptocurrencies but now positions himself as supportive of them if elected in November.
