Donald Trump’s decentralized finance (DeFi) project appears to have gotten off to a slow start, with a little over 4% of its tokens snapped up on the first day. 

Data from Dune shows that 819 million of the 20 billion tokens offered by World Liberty Financial have so far been bought—or just over $12 million in sales. 

World Liberty Financial launched Tuesday to accredited investors in the United States. The hope, according to the team behind the project, is that all U.S. citizens will eventually be able to get involved. 

For now, though, only well-off investors can get in on the action due to stringent SEC requirements, which include having a net worth (less primary home value) of at least $1 million, and an annual salary of at least $200,000 solo (or $300,000 if married) over the past two years with an expectation of retaining that streak in the current year.

Such requirements may have been to the detriment of the project, analysts suggest. 

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Author: Mathew Di Salvo