World Liberty Financial (WLFI), a cryptocurrency project linked to US President Donald Trump, will allow its tokens to be traded.
A vote held by tokenholders ended on July 16, with nearly all participants, 99.94%, agreeing to unlock the tokens. This change will let holders trade through peer-to-peer exchanges and on secondary markets.
According to the proposal, tokenholders will gain the ability to vote on key matters, including how new tokens are issued, how ecosystem rewards are managed, and how the project’s funds are used.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is a Smart Contract? (Explained with Animations)
The WLFI team stated in a post on X that only part of the tokens sold in the earliest funding round will become tradable. The remaining portion of those tokens, as well as all tokens set aside for founders, team members, and advisers, will stay locked.
The team explained that another vote will decide when and how the rest of the supply can be released. No dates or specific conditions have been set yet for these future unlocks.
Additionally, WLFI has partnered with TRM Labs, a blockchain analytics firm, to oversee transactions and ensure they are properly monitored.
WLFI raised funds through two private sales. The first, in October 2024, offered 20 billion tokens at $0.015 each and raised about $300 million. The second, in January, sold another five billion tokens at $0.05 each, which generated $250 million.
Recently, the Official Trump (TRUMP) token generated $172 million in trading fees across 10 major crypto exchanges. How? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
Source link
