WLFI token could start trading in 6-8 weeks

Source Cryptopolitan

World Liberty Fi expects its native voting token WLFI to become tradable in 6-8 weeks, following a community vote. The token, which is held by whales and retail, will enter price discovery, gauging the success of the Trump family crypto fund. 

World Liberty Fi announced its native WLFI token will start trading within 6-8 weeks. Following a community vote to make the asset transferable and tradable, WLFI will start exploring exchanges. The voting period was opened on July 4, finally reaching the decision to make WLFI transferable to wallets and exchanges.

WLFI will prepare for trading after striking alliances with exchanges and adding strategic token unlocks. WLFI has only been transferable when sending transactions to selected counterparties during the presale.

WLFI tokens were distributed to 85,870 holders, including special partnerships and allocations to whales or funds. The WLFI community was somewhat disappointed that the trading period was pushed forward, instead of launching the token immediately. 

The community complained of an unnecessary waiting period that may decrease the demand for WLFI. The current market rally was seen as the ideal moment to launch WLFI, instead of waiting and exposing the token to more uncertainty.

The fund may also hold another presale round and increase the number of insider holders. Currently, the original multisig wallet still holds 40% of the token supply, and the final holding structure remains unknown. 

WLFI has limited mechanisms for price discovery, mostly relying on the Lbank pre-market trading. Currently, the token hovers around $0.76, with limited volumes of around $500K. 

WLFI remains a voting token for up to two more months

Before an eventual trading launch, WLFI remains a voting and governance token. World Liberty Fi has opened another direct buying page, offering WLFI at a discounted price. 

WLFI has a widely disparate price, trading at $0.22 on MEXC, only offering speculative trading as the tokens are not transferable. 

WLFI to start trading in 6-8 weeks after the community approval vote
WLFI traded as high as $0.76 on LBank and around $0.22 on Mexc, while still offering presale tokens at a discount. | Source: Lbank

WLFI holders can make proposals and vote. However, the new presale round has not been offered for a vote, and was announced with no community feedback. 

WLFI holders hope for minimal dilution, while envisioning prices as high as $1. Currently, WLFI has been traded unofficially, based on personal agreements. 

World Liberty Fi trades on the BNB Chain ecosystem

While WLFI stays unmoved in user wallets, World Liberty Fi is still a highly active trader. 

Following the latest operations, the platform carries over $201M in various crypto assets. The fund traded actively, interacting with protocols on Ethereum and BNB Smart Chain. World Liberty Fi uses wrapped versions of BTC and ETH for DeFi activities. The fund has divested most of its speculative altcoins. 

The other source of activity is the USD1 stablecoin, where most of the supply is minted for the BNB Smart Chain ecosystem. USD1 is held in over 221K addresses, surpassing even the reach of WLFI. The token supports an active meme ecosystem as a source of liquidity. 

World Liberty Fi directly trades with USD1, recently spending $200K equivalent on some of the top ecosystem tokens, including B, LIBERTY, EGL1, TAG, and BANK. 

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Disclaimer: For information purposes only. Past performance is not indicative of future results.
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