On September 1, 2023, the World Liberty Financial (WLFI) token will begin open trading, marking a significant development for project participants. Key focus areas include liquidity and security.
Liquidity of WLFI and its Lockbox
At launch, 1.627 billion WLFI, accounting for approximately 16.27% of the total supply, will be held in the Lockbox contract. At the reference price of $0.297, this amounts to about $483 million. On September 1, 20% of presale and other eligible allocations will become claimable. The remaining 80% will stay locked until approved by future governance votes.
System Security and Audit
The Lockbox contract has passed a Cyfrin audit, and the team states that the mechanics align with the published specifications. For a successful process, users must verify deposit and withdrawal support at trading venues.
Recommendations for Participants
Participants are advised to review governance proposals, check listing times, and stage test transactions before moving significant amounts. Keeping proofs of claims and monitoring gas conditions is essential to avoid failed submissions.
The launch of WLFI presents intriguing opportunities for participants. Success will rely on transparent governance and steady market liquidity.
