World Liberty Financial (WLFI), a crypto project backed by the Trump family, announced the trading possibilities for its tokens following a successful investor vote.
Investor Vote and Token Unlocking
The WLFI crypto will be tradable on secondary markets and through peer-to-peer transactions. This follows an 'overwhelming' 99.94% vote in favor of unlocking the tokens.
Stages of Token Unlocking
Not all WLFI tokens will be unlocked at once, with only a portion of early investor tokens becoming tradable initially. The unlock schedule for remaining tokens will be determined through a second community vote.
Trump Family Reduces Stake in WLFI
WLFI launched on September 16, 2024, with support from Trump and his family. Financial disclosures show Trump earned $57 million from WLFI, while the Trump family reportedly reduced its stake amid scrutiny regarding crypto dealings.
Thus, WLFI takes steps to open its token to the market, which may enhance liquidity and community involvement in project governance.
