Trump-Backed crypto token set to hit the market
World Liberty Financial (WLFI), the crypto project backed by none other than former US President Donald Trump, is about to get a whole lot more interesting. Token holders have voted overwhelmingly to make their tokens tradable, potentially opening the door for the value of this Trump-linked token to take off.
In a proposal that closed on Wednesday, an incredible 99.94% of WLFI token holders voted in favor of unlocking the tokens. This means that the platform’s governance token will soon be available for trading through peer-to-peer transactions and on secondary markets.
The WLFI team explained that this move will empower more token holders to participate in decisions about the project’s future. ‘Following the vote to make the token tradable, WLFI’s governance framework will allow more token holders to participate directly in protocol decisions,’ they stated. ‘This includes voting on emissions, ecosystem incentives, and future treasury actions. This proposal is the first step in handing greater influence to the community.’
Token unlock: coming in stages
However, don’t expect all the tokens to flood the market at once. The WLFI team is planning a staged rollout and will announce the full launch plan soon.
According to the original proposal, only “a portion” of the tokens sold to early supporters will be eligible for trading in the initial phase. The WLFI team said, “The remainder of the tokens will be subject to a second vote by the community to determine the unlock and release schedule.”
Importantly, tokens held by the founders, team members and advisors will remain locked for now. The timeline and eligibility requirements for those tokens are still to be determined.
A lucrative token sale
World Liberty conducted two token sales. The first, in October 2024, sold 20 billion tokens at $0.015 each, bringing in around $300 million. The second, in January, sold another five billion tokens at a higher price of $0.05 each, generating $250 million in sales.
From closed network to open participation
This token unlock is part of a larger strategy to transition from a closed network to one that embraces open participation, according to the WLFI team.
Making the tokens tradable is also expected to spark speculation and price discovery as the market determines the true value of the token.
The team says that once trading begins, they’ll focus on expanding the ecosystem and aligning token incentives with the project’s overall adoption.
To ensure the safety of transactions, blockchain intelligence platform TRM Labs has been brought on board to provide transaction monitoring.
Trump family’s involvement
WLFI launched on 16th of September 2024 with endorsements from Donald Trump and his sons, Eric, Donald Jr., and Barron Trump.
In a financial disclosure in June, the former president reported a $57 million profit from WLFI. However, reports indicate that the Trump family has reduced its stake in the platform since December 2024, holding approximately 40% of the company as of June.
