World Liberty Financial (WLFI) announces a community voting session to decide the transfer and trading of WLFI governance Tokens on cryptocurrency networks.
This aims towards an 'open participation' model, allowing WLFI Tokens to trade on decentralized exchanges and P2P platforms, increasing utility and community ownership.
MAIN CONTENT
WLFI initiates voting to allow WLFI Tokens to be freely traded and transferred.
Donald Trump's association with WLFI raises concerns about conflicts of interest for U.S. lawmakers.
WLFI collaborates with Re7 Capital to develop a USD1 stablecoin repository on Euler and Lista.
What impact does voting to allow WLFI Tokens to trade have?
WLFI once again reaffirms its goal of building a strong community by proposing a vote to allow WLFI Tokens to be traded on decentralized exchanges, expanding usage rights and governance participation for holders.
In a post on X on U.S. Independence Day 4/7, WLFI emphasized that this is a historic step to maximize the value of WLFI Tokens. If approved, Token owners will have the right to vote on issues such as Token issuance, rewards in the ecosystem, and treasury management. This move is expected to enhance transparency and encourage long-term contributions from the community.
Crypto is returning to where it belongs, and there is no better day than Freedom Day to echo this sentiment.
WLFI, announcement on X, 04/07/2024
The opening of trading will also trigger the controlled unlocking of Tokens for initial investors. Tokens belonging to the founding team, staff, and advisors will still be tightly locked according to a long-term vesting schedule, ensuring commitment to the project's long-term development vision.
What are the issues related to Donald Trump's conflict of interest with WLFI?
Democratic lawmakers in the U.S. continue to express concerns about Donald Trump's business relationship with WLFI, even though he claims to have terminated direct ties, his family still owns a majority stake.
In 2024, the Trump family reduced their WLFI stake by 20% but still retained most of their remaining shares. According to reports, Trump made approximately 57.4 million USD from WLFI-related activities. Additionally, Trump has participated in several other cryptocurrency projects, such as launching memecoins and NFTs, accumulating over 620 million USD from these activities. Bloomberg noted that cryptocurrency accounts for about 9% of his total net worth.
The COIN bill aims to prohibit the president and close relatives from participating directly in the issuance or promotion of digital assets to minimize conflicts of interest.
Adam Schiff, U.S. Congressman, 06/2024
Congressman Adam Schiff has just proposed the COIN bill (Curbing Officials’ Income and Nondisclosure Act) to limit the participation of officials and their families in the cryptocurrency sector, reflecting growing concerns in the U.S. about potential conflicts of interest.
How are WLFI and Re7 Capital collaborating to develop the USD1 stablecoin repository?
WLFI collaborates with Re7 Labs (London) to issue a USD1 stablecoin repository on the Euler and Lista platforms, aiming to expand a stable, transparent, and efficient DeFi infrastructure.
Evgeny Gokhberg, founder of Re7 Capital, affirmed that this collaboration reflects a commitment to developing a stablecoin model suitable for both cryptocurrency users and institutional investors.
At the same time, Aqua 1 Foundation (UAE) invested 100 million USD in WLFI Tokens, becoming the second Middle Eastern investor in the project, alongside MGX – a technology company using WLFI's USD1 stablecoin to support a 2 billion USD investment in Binance.
How does WLFI ensure the rights and management of Tokens after trading opens?
WLFI maintains a partial Token lock policy for early investors and the development team to protect the long-term interests of the project. The opening of trading only triggers the unlocking of Tokens for early supporters in each phase.
The entire amount of Tokens held by the founding team and advisors has a vesting schedule to ensure commitment to sustainable development. The community will continue to vote to decide the next release framework, enhancing self-governance and transparency.
Frequently Asked Questions
What is WLFI?
WLFI is a DeFi platform with WLFI governance Tokens aimed at developing the community and DeFi ecosystem.Why is trading WLFI Tokens important?
Trading Tokens expands utility, ownership rights, and increases community participation in project governance.What influence does Donald Trump have on WLFI?
The Trump family holds a large stake in WLFI, raising concerns about conflicts of interest among U.S. lawmakers.What is WLFI collaborating with Re7 Capital for?
WLFI and Re7 Capital are developing a USD1 stablecoin repository to enhance the stability and transparency of the ecosystem.Will the WLFI team's Tokens be unlocked immediately?
The team's Tokens are locked long-term according to a vesting schedule, only unlocking periodically based on community decisions.
Source: https://tintucbitcoin.com/wlfi-bat-dau-bo-phieu-giao-dich/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news in the cryptocurrency market and not miss any important information!
