- WLFI holders vote overwhelmingly to unlock trading, and market price discovery begins.
- Trump-backed WLFI merges politics, DeFi lending, and new USD1 stablecoin.
- Justin Sun invests $30M, signaling a strong belief in WLFI’s vision.
The crypto project World Liberty Financial (WLFI) just took a big step forward. Backed by US President Donald Trump, WLFI is one of the more discussed projects in the crypto community this year. Its tokenholders have now voted in favor of its project to introduce those tokens to be tradable.
WLFI Holders Vote 99.94% to Unlock Trading Rights
On July 9, the WLFI team sent a proposal to unlock the tokens. This Wednesday, the vote was closed with a unanimous result. The plan to unlock trading was backed by an incredible 99.94 percent of tokenholders. The WLFI posted on X (previously Twitter). They posted that it is, in the words of Lin-Manuel Miranda, the people have spoken, and that a detailed launch plan will be released soon.
WLFI tokens will only be able to trade now. They were initially offered in two courses of prices of 0.015 and 0.05. Pre-trading was offered to early buyers with voting rights and rights to attend exclusive Trump events rather than instant trading. As an example, holders of a TRUMP-themed memecoin related to the project were invited to a gala dinner with President Trump himself in May. Famous guests included Justin Sun, founder of Tron.
With the unlock completed, it is time to start price discovery. Investors will eventually know what the market values these tokens as. Nevertheless, it is not expected to unlock all tokens immediately. A limited number of tokens will be sold to early investors at the beginning of trading.
The WLFI team will introduce additional tokens in phases. The majority of the remaining supply shall be unlocked in another community vote. The entire supply of the project is 100 billion WLFI tokens. There will be a longer period of locking founder and team tokens to prevent a rapid decline in their price.
WLFI Combines DeFi Ambitions with Political Support to Boost Value
WLFI is more than just a token. The project will create a decentralized lending platform. It also has its own stablecoin known as USD1. WLFI is the governance token that enables voting on essential decisions regarding the way the protocol is operated. When it begins trading, more individuals will likely join the community so that they can have a voice in subsequent votes.
World Liberty Financial raised 590 million in token presales last year. Since then, thousands of investors have been waiting to have an opportunity to trade their tokens. Justin Sun, the founder of Tron, invested in WLFI alone $30 million, demonstrating the extent to which big players are convinced of the project’s vision.
The recent vote indicates the enthusiasm of tokenholders. By opening the trading gate, WLFI will be able to make it more valuable and have more users. According to the team, it wants the community to remain engaged throughout the process. Any significant alterations, such as issuing additional tokens, shall always be voted on again by the people.
At this point, the crypto community is waiting to see how things will turn out. The tokens can be traded, and WLFI is not the only project attempting to merge decentralized finance with political backing. The project has additional light and controversy following the open support given to it by President Trump.
The post Trump-Backed WLFI Tokenholders Vote to Unlock Trading appeared first on Live Bitcoin News.
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