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Trump’s World Liberty Financial crypto tokens WLFI approved for trading – Details
World Liberty Financial has announced the approval of its native crypto token, WLFI, for spot trading. The decision was unanimous, with over 99% supporting the proposal that was initially floated on July 9th.
WLFI is a governance token and will be used in voting on community decisions and proposals. It will also be utilized within the project’s broader ecosystem, including its memecoin platform, 1776.Meme.
Following the official launch of spot trading, an unspecified portion of the WLFI tokens sold to early backers like Justin Sun will be unlocked. The remaining tokens’ unlock and release schedule, however, will be put to a community vote.
In other news, Polymarket bettors had expected the spot trading launch of WLFI could propel its valuation to $13 billion fully diluted valuation (FDV). This would represent a price tag of $0.13 per token, which is equivalent to a whopping 767% or 8.7x increase from the initial coin offering (ICO) price of $0.015.
It remains unclear whether the WLFI price will explode by this extent upon live trading.
Source: ambcrypto.com
