World Liberty Financial, a decentralized finance (DeFi) platform associated with the Trump family, plans to release 27 billion WLFI tokens at its launch, as confirmed by data from CoinMarketCap.
On Monday, CoinMarketCap data indicated that the initial circulating supply for World Liberty Financial will be 27 billion tokens, constituting over a quarter of its total supply of 100 billion. This announcement contradicts previous reports suggesting that only about 3.69 billion tokens would be released during the token generation event.
CoinMarketCap CEO Rush Lu stated that this circulating supply figure had been “repeatedly confirmed” with the WLFI team. Lu mentioned that this figure is set to be recognized by major exchanges listing the token.
Crypto trading platforms Binance, Gate, and MEXC are among the exchanges planning to initiate spot trading for WLFI today.
Cointelegraph reached out to WLFI representatives for comments but did not receive a response before publication.
WLFI to Release Segment of User Allocations
Last Tuesday, the WLFI team began permitting users to transfer their WLFI tokens into a vesting lockbox to initiate the unlocking process.
WLFI’s token unlocking agreement indicates that 20% of tokens acquired in the $0.015 and $0.05 sales rounds will be released immediately, offering an initial reward for early supporters of the project.
The remaining 80% will be subject to WLFI’s governance procedures, with future unlocking conditions to be decided collectively by the community through voting.
The agreement also stipulated that unlocking conditions are not fixed and may be modified through future governance decisions or other applicable requirements.
Consequently, tokenholders may witness the introduction of new unlocking models or changes to existing schedules, emphasizing the project’s governance-first mentality and the importance of community involvement in shaping WLFI’s tokenomics.
On July 5, World Liberty Financial launched a community proposal to enable the WLFI token to be transferable and tradable across the cryptocurrency ecosystem. However, this proposal clarified that tokens held by founders, team, and advisors would not be unlocked immediately.
By July 10, the proposal had garnered significant support, with 99% of the votes in favor of the unlock.
Related: Aave drops over 8% on rumors of World Liberty Financial token deal
WLFI Derivatives Approach $1 Billion in Open Interest
Leading up to the partial unlock, open interest in WLFI derivative contracts approached $950 million before declining to $887 million on Monday.
Open interest refers to the total number of active, outstanding contracts that have yet to be settled, indicating strong interest in WLFI before its availability in cryptocurrency markets.
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