Trump’s World Liberty Financial crypto tokens WLFI approved for trading – Details
Early backers will be able to unlock part of their tokens when spot trading goes live.
Key Takeaways
World Liberty Financial approved the spot trading of its WLFI tokens. Polymarket bettors expected the token to rally at a +700% from its ICO price of $0.015.
President Donald Trump-backed World Liberty Financial has approved the spot trading of its native crypto token, WLFI.
The decision was unanimous, with over 99% supporting the proposal that was first floated on the 9th of July.
Reacting to the voting outcome, the team termed it ‘overwhelming’ and stated that the full launch would happen ‘soon.’
WLFI tokenomics — What’s next?
The DeFi project was unveiled last year as a copycat of Aave [AAVE], and it’s designed to offer crypto lending and borrowing.
To achieve its vision, the project raised $715 million, backed by DWF Labs, Aqua and Tron [TRX].
In fact, Tron founder Justin Sun invested $52.5 million in the project and has been one of the vocal supporters of Trump.
Reports indicate that WLFI will have a total supply of 100 billion tokens. During its initial public token sale in October 2024, 20% of the supply (20 billion WLFI) was sold at $0.015.
That translated to a fully diluted valuation (FDV) of $1.50B at that time.
So far, the World Liberty Financial has established several partnerships with key players in the space and launched several products, including the USD1 stablecoin and memecoin launchpad 1776.Meme.
Upon the official spot trading, a portion of the supply of tokens sold to early financial backers like Sun will be unlocked.
But the rest of the supply unlock schedule will be put to a community vote, according to the project’s statement.
“The remainder of the tokens will be subject to a second vote by the community to determine the unlock and release schedule.”
That said, WLFI is a governance token, meaning that it will be used in voting on community decisions and proposals.
Additionally, it will be used in the project’s broader ecosystem, including its memecoin platform 1776.Meme.
Meanwhile, Polymarket bettors expected the spot trading launch of WLFI could push its valuation to $13B FDV.
That would mean a price tag of $0.13 per token — A whopping 767% or 8.7x increase from the ICO (Initial Coin Offering) price of $0.015. It remains to be seen whether the WLFI price will explode 8x upon live trading.
