- WLFI trading to launch soon, boosting community governance and market activity.
- Holders approve WLFI tradability plan with overwhelming 99.94% strong support.
- DT Marks linked to Trump receives 22.5 billion WLFI tokens.
World Liberty Finance is moving ahead with plans to make its WLFI token tradable. The company confirmed that WLFI tradability has now been approved. Full activation is expected within six to eight weeks. It implies that, soon, investors and holders will be able to trade WLFI on peer-to-peer and secondary markets.
WLFI Holders Approve Tradability With 99.94% Support
It is a significant step on the part of World Liberty Finance. The mission of the project is to shift the WLFI ecosystem to open trade. This will enable the community to participate more in the governance and decisions pertaining to the future of the token.
Earlier on, the plan to turn WLFI tradable was closed on July 17. The outcome was evident, with 99.94 percent of the votes going in its favor. This massive approval indicates that there is a lot of community support for the plan.
However, it takes a certain amount of time to start trading. According to the team, this is a good reason why they have to wait. The firm is busy making large deals and alliances at this time. It also desires to have WLFI listed on big platforms to zone in on more traders. Furthermore, it is also coming up with reasonable unlock plans to ensure that the releases of the tokens do not damage the market. According to the company, it is not a delay but an element of creating something new and greater.
Till now, World Liberty Finance has gained approximately $550 million by selling approximately 25 billion tokens. This constitutes 25% of the total supply of 100 billion WLFI tokens. All the tokens left will be unlocked simultaneously. The community will, instead, vote again and determine the time and manner of their release. This is supposed to make the project fair and transparent.
Moreover, tokens of the founders, team, and advisors of the protocol will be locked to a greater extent. Other tokens will be provided to the early supporters as a way of rewarding their trust and loyalty.
WLFI Trading Launch Expected to Boost Activity and Deals
A big part of the token allocation has drawn extra attention. DT Marks DEFI LLC, a business associated with President Donald Trump, will get 22.5 billion WLFI tokens. This stock would be valued at approximately 3.6 billion dollars at the current prices. But according to reports, at the end of last year, DT Marks had just 15.75 billion tokens. Such has posed a concern to some lawmakers. As an example, Senator Elizabeth Warren and some other politicians have already voiced concern about potential conflicts of interest linked to Trump and crypto.
Other than the WLFI token, World Liberty Finance operates USD1 stablecoin. The wider ecosystem is to use USD1. The team has gone as far as proposing that early WLFI holders could receive free USD1 tokens in an airdrop. But up until now, there has been no formal agenda in this respect.
World Liberty Finance will be under the spotlight in the next few weeks. Provided everything goes according to the plan, the WLFI trading may open the gate to increased activity and partnership. Having the community support and large names in the background, WLFI is on the right path, and its further steps might determine the future of the project. Crypto watchers as well as investors will be waiting to see what will happen next.
