According to data confirmed by CoinMarketCap, World Liberty Financial (a decentralized finance (DeFi) platform supported by the Trump family) will unlock 27 billion WLFI tokens upon launch.
On Monday, CoinMarketCap data showed that the initial circulating supply of the World Liberty Financial project is 27 billion tokens. This amount exceeds a quarter of the total supply of 100 billion tokens. This news contradicts previous reports that only about 3.69 billion tokens would be unlocked during the token issuance event.
CoinMarketCap CEO Rush Lu stated that the circulating supply figures on their data site have been "repeatedly confirmed" by the WLFI team. Lu added that this data will be adopted by mainstream exchanges for the listing of WLFI tokens.
Cryptocurrency exchanges such as Binance, Gate, and MEXC plan to launch WLFI spot trading today.
Cointelegraph had contacted WLFI representatives for comments but did not receive a response before publication.
Last Tuesday, the WLFI team allowed users to transfer WLFI tokens into a lock-up contract and initiated the unlocking process.
The WLFI token unlocking protocol indicates that 20% of tokens purchased in the $0.015 and $0.05 sale rounds will be released immediately. This provides instant rewards for early supporters of the project.
The remaining 80% will be included in the WLFI governance process. In the future, unlocking terms will be collectively decided by community members through voting.
The protocol states that unlocking conditions are not fixed and may be adjusted in the future based on governance decisions or related requirements, so token holders may see new unlocking models implemented or existing plans adjusted. This highlights the project's governance-first philosophy and the role of community members in the WLFI token economic model.
On July 5, World Liberty Financial initiated a community proposal to enable the WLFI token to be transferable and tradable within the crypto ecosystem. However, the proposal clearly stated that tokens held by founders, team members, and advisors would not be unlocked immediately.
On July 10, the proposal received overwhelming support, with 99% voting in favor of the token unlocking.
Before partial unlocking, the open interest in WLFI token derivatives once approached $950 million, then dropped to $887 million on Monday.
Open interest refers to the number of active contracts that have not yet been settled. This indicates that WLFI has garnered strong attention even before it can be traded in the crypto market.
Related: Opinion: Supreme Court Greenlights Crypto Wallet Monitoring; Privacy Must Be On-Chain
Original: “CoinMarketCap: Trump-backed WLFI to Unlock 27 Billion Tokens Upon Launch”
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