After months of speculation, the Trump-backed World Liberty Financial (WLFI) token officially began trading on Monday morning. However, there are still many uncertainties in the market regarding the token's unlocking schedule, supported exchanges, and how to identify genuine WLFI tokens.
WLFI is the native token of World Liberty Financial, a decentralized finance (DeFi) platform established in 2024. Although its utility value has been deliberately obscured, the project positions itself as a bridge between traditional finance and DeFi. WLFI serves as the governance token for the platform, granting holders voting rights on protocol and strategic decisions.
On Monday, the project team confirmed the official launch of WLFI, with a total token supply of 24.66 billion, distributed as follows:
10 billion allocated to World Liberty Financial Inc.
7.78 billion allocated to corporate blockchain company Alt5 Sigma Corporation
2.88 billion for liquidity and marketing
Over 4 billion issued to the public
Binance became the first major exchange to list WLFI, offering trading pairs with USDC and USDT. Meanwhile, Bybit, Bitget, and KuCoin have also opened trading.
Additionally, Coinbase announced it would support WLFI on the Ethereum network and stated that trading could begin once "liquidity conditions are met."
With the rising market interest, a large number of WLFI scam projects have also emerged. Analysis firm Bubblemaps pointed out the phenomenon of "bulk cloning"—that is, mimicking similar smart contracts of established crypto projects. Experts warn that using incorrect contract addresses could lead to permanent loss of funds.
Here are the correct WLFI contract addresses on various networks:
Ethereum: 0xdA5e1988097297dCdc1f90D4dFE7909e847CBeF6
BNB Smart Chain: 0x47474747477b199288bF72a1D702f7Fe0Fb1DEeA
Solana: WLFinEv6ypjkczcS83FZqFpgFZYwQXutRbxGe7oC16g
Security experts indicate that most crypto scams originate from social media, with the X platform becoming a primary target. Investors should be aware that only official updates regarding WLFI tokens from verified "worldlibertyfi" accounts on the X platform are trustworthy.
According to CoinMarketCap data, the circulating supply of WLFI at launch was approximately 24.66 billion, with a market capitalization reaching $6.4 billion. Market analysts noted that trading volume surged rapidly, causing the token price to rise by 14% to $0.26.
Similar to many cryptocurrency launches, WLFI's price trend reflects a combination of speculative demand, limited liquidity, and uncertainty regarding long-term application prospects—factors that typically trigger significant volatility in the early stages.
Related: CoinMarketCap: WLFI, supported by the Trump family, will unlock 27 billion tokens at launch
Original: “What is WLFI? How to Prevent Scams?”
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