World Liberty Financial is conducting a governance vote to decide on opening WLFI Token trading in the secondary market.
This decision opens up opportunities for the community to participate in trading, voting, and project development with greater transparency and decentralization, rather than being limited to the initial insider group.
MAIN CONTENT
World Liberty Financial is conducting a vote to open WLFI Token trading, transitioning to an open model for the community.
The project is supported by over 550 million USD and has prominent figures in the cryptocurrency and political arenas.
The development plan includes Stablecoin USD1 and integration of traditional finance with decentralized Blockchain technology.
Why is World Liberty Financial conducting a vote to open Token trading?
According to the project CEO, this is a significant turning point in transitioning WLFI from a closed system to an open model, allowing anyone to trade and participate in governance. This not only expands the community but also increases transparency and empowers Token holders.
Previously, WLFI Tokens were exclusively for early investors and approved individuals, not freely transferable. If the vote is successful, individual investors will have a portion of Tokens unlocked while the founding team will have to wait longer, ensuring long-term development commitments.
This transition marks a strong advance, putting power in the hands of the community towards a truly decentralized and fairer platform.
— CEO World Liberty Financial, June 2024
Who are the investors and supporters of World Liberty Financial?
The project has attracted attention with over 550 million USD raised from famous investors such as cryptocurrency billionaire Justin Sun and the Aqua 1 Foundation in the UAE. Additionally, there are reports that the family of former U.S. President Donald Trump owns about 60% of the Token supply.
This has caused much controversy and close scrutiny from regulatory bodies and ethical groups. However, the project emphasizes diversifying power and developing the community with Token holders playing a central role in strategic decisions such as issuance policies, incentives, and overall financial management.
What are the goals of the World Liberty Financial project in connecting cryptocurrency and traditional finance?
World Liberty Financial plans to issue the stablecoin USD1 along with building infrastructure to connect traditional finance and decentralized tools. The goal is to expand the user network, increase liquidity for WLFI Tokens, and build trust through high-level transparency.
This plan also includes strict legal compliance measures such as KYC identity checks, transaction monitoring, and collaboration with blockchain forensics partner TRM Labs to ensure safety and transparency.
The ability to trade Tokens not only increases liquidity but is also a necessary step to truly empower the community, strengthening transparency and sustainable development.
— Blockchain Analyst, May 2024 Report
What is the Token unlocking process and the next steps?
If the vote is successful, a portion of the Token will be unlocked for early investors, leading to increased liquidity in ancillary markets. The Token unlocking process is divided into phases, ensuring control and regulatory compliance.
The project also plans to continue holding governance votes to decide on the remaining locked Tokens and implement monitoring tools from TRM Labs to prevent fraud, keeping the trading environment transparent.
Comparison chart of key features between the Token model before and after voting
Criteria Before Voting After Voting (If approved) Token Trading Only for the approved group Anyone can trade in the secondary market Level of Decentralization Focused on insiders The WLFI community has governance rights over the project Security & Compliance Not widely implemented KYC Strict KYC, transaction monitoring, and post-checks applied
Frequently Asked Questions
What is World Liberty Financial? World Liberty Financial is a Blockchain project with the WLFI Token, backed by significant financial support and prominent political connections, developing on a decentralized governance platform. What benefits does opening WLFI Token trading bring? It creates liquidity, allows users to participate in trading, governance voting, and helps increase transparency and community influence. Who owns a large amount of WLFI Tokens? According to reports, the family of former U.S. President Donald Trump holds about 60% of the Token supply, alongside famous investors like Justin Sun. How is the Token unlocking process carried out? Tokens will be unlocked in phases based on community voting results, with founders and advisors having to wait longer to ensure long-term development commitments. What are World Liberty Financial's future development plans? The project is preparing to issue the stablecoin USD1 and expand infrastructure connecting traditional finance with decentralized Blockchain technology.
Source: https://tintucbitcoin.com/world-liberty-financial-cho-phep-giao-dich-token/
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