news 
Trump’s World Liberty Financial Crypto Tokens WLFI Approved For Trading – Details
World Liberty Financial, a decentralized finance (DeFi) project backed by former US President Donald Trump, has announced the approval of its native cryptocurrency token, WLFI, for spot trading. The decision was met with an overwhelming majority vote from stakeholders.
WLFI, which is pegged to be used as a governance token, will enable community members to participate in key decisions and proposals within the project’s ecosystem. Additionally, the token will play a crucial role in the platform’s broader operations, including its memecoin launchpad, 1776.Meme.
Notably, early backers of World Liberty Financial, such as Justin Sun, Tron founder and significant investor in the project, will be able to unlock part of their tokens when spot trading commences. However, a community vote will be held to determine the unlock and release schedule for the remaining supply of WLFI tokens sold during its initial public token sale.
Polymarket bettors had anticipated that the launch of spot trading for WLFI could result in an 8.7x increase in the token’s valuation, bringing it to a fully diluted valuation (FDV) of $13 billion. This would translate to a price tag of approximately $0.13 per token, representing a substantial 767% gain from its initial offering price of $0.015.
The approval comes amid an uncertain market landscape, with many investors and analysts questioning the sustainability of the DeFi space in light of recent regulatory developments and market volatility. Nonetheless, World Liberty Financial’s announcement is likely to spark significant interest and debate within the crypto community.
In related news, it remains to be seen whether WLFI will indeed see such a significant price surge upon spot trading going live.
Source: ambcrypto.com
