Introduction to World Liberty Financial and WLFI Token
The world of DeFi is abuzz with the upcoming launch of World Liberty Financial’s WLFI token, a project closely associated with former President Donald Trump. As of September 1st, early supporters who invested in the token at $0.015 and $0.05 will be able to claim 20% of their investments, equivalent to approximately 5% of the total supply.
The WLFI token, built on the Ethereum blockchain, utilizes a distribution system called Lockbox. The remaining 80% of tokens are subject to Community Governance, reflecting the project’s participatory design. Founders, consultants, and partners are still assigning markets, ensuring a controlled and managed process.
A Controlled Two-Stage Process
The activation process for WLFI token holders is straightforward yet closely managed. Investors must connect their wallets to the official website to transfer WLFI into a secure smart contract. From there, they can unlock their share starting from September 1st. Cyfrin, a web3 security company, has audited the contracts and advance booking wallets to exclude non-compliant addresses.
WLFI is expected to debut on leading exchanges, including Binance, Coinbase, and Hyperliquid, with official announcements anticipated in the coming days. This development has generated significant interest and excitement within the DeFi community.
Trump’s Massive Crypto Stake
Behind WLFI is a substantial stake held by DT, a Trump entity controlling 22.5 billion tokens. With current futures prices ranging from $0.20 to $0.30, the fully diluted valuation of WLFI exceeds $40 billion, with Trump’s 15.75 billion tokens worth over $6 billion. This valuation surpasses Forbes’ estimate of his net worth, indicating a significant portion of his assets are now based on digital assets, including NFTs, memecoins, Bitcoin, and Ethereum.
Critics have raised ethical concerns regarding Trump’s deep commitment to the project, citing the recently signed law regulating stable coins, which fails to address potential conflicts of interest. The simultaneous launch of World Liberty’s stablecoin, USD1, has intensified legislative scrutiny.
Market Ripples Across DeFi
The success of WLFI has not been without controversy. Rumors of a partnership with the credit protocol AAVE triggered an 8% decline in the token price, although the rumors were quickly dismissed. This episode reflects the influence and market dynamics shaping DeFi projects.
The launch of WLFI unfolds against a broader backdrop of DeFi expansion, with a total value of $167 billion locked. Regulatory dynamics following the US elections have increased optimism and focused investor attention on top-tier projects like WLFI.
For more information on this developing story, please visit https://cryptonews.com/news/trump-to-launch-his-40b-wlfi-cryptocurrency-on-september-1/
