Trump-Backed Crypto Platform WLFI Prepares Massive Token Release

  • World Liberty Financial launches 27 billion WLFI tokens today on major exchanges including Binance, Gate, and MEXC.
  • Initial circulation represents over more than 25% of the 100 billion total token supply, significantly higher than previously reported 3.69 billion.

World Liberty Financial is on the market debut with exchange listing confirmations showing high token circulation plans before the trading is launched. The Trump-backed decentralized finance platform will issue 27 billion tokens today, which is more than a quarter of the total supply in the largest cryptocurrency exchanges.

Major Exchanges Ready for WLFI Trading Launch

CoinMarketCap data shows, World Liberty Financial will issue 27 billion WLFI tokens at the start of trading in various cryptocurrency exchanges today. The initial circulation of the Trump-supported decentralized finance platform is more than a quarter of its total 100 billion token supply.

CoinMarketCap CEO Rush Lu verified the numbers in circulation after multiple talks with the World Liberty Financial development team. Major crypto exchanges such as Binance, Gate, and MEXC have announced the launch of spot trading of the controversial political token today.

The huge release of tokens is contrary to previous industry reports that only 3.69 billion tokens were going to be released at launch. The transferable token status was passed by overwhelming majority of ninety 99% of voters through community governance proposals passed in July.

Last week, token holders transferred their assets into vesting lockboxes to initiate the official unlock process to start trading. The governance-first model enables community members to decide on future tokenomics and unlocking conditions collectively in a democratic voting process.

The trading of derivative contracts is very active in the market with open positions of close to $1 billion before it cooled down. Open interest reached a high of $950 million dollars and then stabilized at $887 million dollars.

The World Liberty Financial initiative focuses on community ownership of the cryptocurrency launches rather than the traditional venture capital funding frameworks. Founder and team allocation is locked away and not subject to community distributions to avoid insider selling pressure.

Listings on exchanges represent a major milestone of the politically-linked decentralized finance system that aims at mainstream adoption by the crypto market. The actual market demand of the Trump-endorsed digital asset project will be known by trading volume and price discovery.

Market analysts anticipate volatility in the first trading sessions as price discovery processes determine fair market values. The large release of tokens supply may cause a downward pressure when demand does not equal the supply of tokens in circulation.

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Source: https://thenewscrypto.com/trump-backed-crypto-platform-wlfi-prepares-massive-token-release/