The token sale, seeking to raise $300 million at a $1.5 billion valuation, has so far sold over 788 million tokens at 1.5 cents per token, amounting to around $11.8 million. This is less than 4% of the 20 billion tokens made available for public sale and still far off from the fundraising target. The project's decision to use a Regulation D token offering, which limits the size of the sale and restricts it to accredited investors, may have contributed to the lackluster results. This means that retail investors have largely been cut out of the process, reducing the potential investor pool.