The decentralized finance project "World Liberty Financial," associated with the Trump family, announced plans to make the #WLFiToken token transferable, in response to investor demand for a more accessible instrument.
Currently, it is not possible to buy or sell #WLFI on exchanges, and it is restricted within users' wallets. Making it transferable for its holders will allow them to send, trade, or list it on markets, enabling peer-to-peer transfers and possibly public sales for the first time.
Will the WLFI token finally become available to the public?
This announcement comes after months of criticism of its current structure. WLFI has thus far been non-tradable, functioning only as a governance tool within the WLF ecosystem.
While no timeline or technical details have been announced, enabling transfers could open the door for future listings on exchanges or peer-to-peer trading. This would represent a significant shift in how the token is used and how people perceive it.
WLF previously sold more than 25 billion WLFI tokens through two fundraising rounds, raising $550 million. Investors - many of whom are political and institutional entities - currently hold these tokens without liquidity in the secondary market.
However, the transferability may raise regulatory concerns, particularly given WLFI's connections to the Trump family and ongoing scrutiny of token sales by politically relevant entities.
Meanwhile, making WLFI transferable may add more transparency to the token price discovery process and could increase demand for it. This is if it is subsequently listed on decentralized or centralized trading platforms.
Currently, WLF has not confirmed when or how this change will be implemented. Until then, WLFI will remain a governance-only token, without the feature of open market trading.