World Liberty Financial, the decentralized finance (DeFi) platform associated with the Trump family, is set to release 27 billion WLFI tokens at launch, as per data verified by CoinMarketCap.
As of Monday, CoinMarketCap’s data indicated that the initial circulating supply for the World Liberty Financial project will total 27 billion, which is over a quarter of its 100 billion overall supply. This announcement contradicts previous claims that only about 3.69 billion tokens would be released during its token generation event.
CoinMarketCap CEO Rush Lu stated that the circulating supply figure on their platform was “consistently verified” with the WLFI team. Lu further noted that this figure will be utilized by major exchanges planning to list the token.
Cryptocurrency trading platforms Binance, Gate, and MEXC are among the exchanges slated to commence spot trading for WLFI today.
Cointelegraph sought comments from WLFI representatives but did not receive a response prior to publication.
WLFI to unlock portion of user allocations
Last Tuesday, the WLFI team began permitting users to transfer their WLFI tokens into a vesting lockbox to initiate the unlock process.
WLFI’s token unlock agreement outlines that 20% of tokens acquired in the $0.015 and $0.05 sales rounds will be released immediately, offering an upfront benefit to the project’s early supporters.
The remaining 80% will be governed by WLFI’s governance processes, with future unlocking criteria to be collectively determined by its community through voting.
The agreement also indicates that the unlocking conditions are flexible and may be modified through future governance decisions or other relevant requirements.
Consequently, tokenholders might witness the introduction of new unlocking models or changes to existing schedules. This underscores the project’s governance-first philosophy and the involvement of community members in shaping WLFI’s tokenomics.
On July 5, World Liberty Financial initiated a community proposal to make the WLFI token transferable and tradable across the crypto ecosystem. However, the proposal noted that tokens held by founders, the team, and advisors would not be unlocked immediately.
On July 10, the proposal received overwhelming support, with 99% of the votes favoring the unlock.
Related: Aave drops over 8% on rumors of World Liberty Financial token deal
WLFI derivatives near $1 billion open interest
Before the partial unlock, open interest in WLFI token derivatives approached $950 million before settling at $887 million on Monday.
Open interest reflects the number of active, unsettled contracts, indicating that WLFI is experiencing significant interest ahead of its tradability in crypto markets.
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