The World Liberty Financial community has officially approved a governance proposal to allow the WLFI token to become a tradable asset. This marks the beginning of the implementation of transfers and expanding access to the secondary market for the project.
Before the voting deadline on July 16, token holders showed strong support with 11.1 billion tokens voting 'Yes,' accounting for 99.94%.
On July 4, World Liberty announced the measure 'Transforming the $WLFI token into a tradable asset' on its governance forum and began on-chain voting on July 9.
Objectives and directives of the proposal
This proposal requires the development team to activate transfer capabilities, allowing holders to move WLFI in a peer-to-peer manner and list it on secondary platforms. Through this, the network will transition from a closed model to an open participation model, facilitating sustainable and transparent development.
The plan also includes unlocking stages, in which a portion of the allocations for early supporters will become eligible when trading begins. In contrast, allocations for founders, the team, and advisors will remain locked according to a longer schedule, requiring a subsequent community vote.
Information about the timing and eligibility criteria will be provided in a separate implementation update.
Support from the Trump family
World Liberty Financial is a decentralized financial and digital asset platform, supported by President Trump and his family. This application connects traditional financial services with on-chain products, including the WLFI governance token and the USD-pegged stablecoin, USD1.
According to one of the initial statements about the project, the goal of WLFI is to maintain the dollar's value and global payment layers through USD-pegged stablecoins.
Next steps to activate transfers
With the approved authorization, the team will proceed to implement the transfer function, initiate unlocks for eligible early supporters, and schedule a second vote to manage a broader release schedule for locked allocations.
Governance participants will also play a crucial role in determining emission parameters, incentive programs, and fund-related actions as WLFI transitions to a permissionless circulation model.
The project documentation on the forum states that the implementation will occur within a reasonable timeframe from the proposal's approval.
