The WLFI token, linked to World Liberty Financial, has received support from holders to start trading following record voter approval. Token transfers are expected to be available by late August.
Approval for WLFI Token Trading
99.94% of WLFI token holders approved the transferability in a governance vote that closed on July 16. According to the proposal forum, the voting covered 11.1 billion tokens, nearly the entire circulating supply. WLFI holders will now be able to move tokens peer-to-peer and list them on external exchanges, marking a shift to full market access.
Launch Strategy and Distribution Plans
The WLFI team stated that the delay before trading is meant to finalize 'strategic alignments,' including major exchange listings and unlock schedules. It is emphasized that not all tokens will be unlocked immediately, and only a portion of the 25 billion sold tokens will be usable initially, with future governance required to approve unlock timing.
Financial Backing and Airdrop for Holders
DT Marks DEFI LLC, linked to Donald Trump, is set to receive 22.5 billion WLFI tokens, valued at roughly $3.6 billion at current prices. Possible airdrops for early WLFI holders have been mentioned, but no timeline has been provided. TRM Labs has been enlisted to monitor transactions.
The approval for WLFI for trading marks a new phase for the project and provides holders with new opportunities for engagement. The development of launch strategies and distribution highlights the importance of compliance and planning within the cryptocurrency sector.
