Trump Backed WLFI Clarifies Token Unlocking, No New Private Sale

World Liberty Financial (WLFI), a decentralized finance (DeFi) project backed by the Trump family, has issued a statement to address community concerns. The project team has clarified that no tokens belonging to the team, advisors, or co-founders will be unlocked at launch, and there will be no new private sale rounds. The team emphasized that only a portion of the tokens belonging to investors who participated in the public sale at prices of $0.015 and $0.05 will be unlocked initially. The rest will be determined according to an unlock schedule that will be submitted to a community vote.

The WLFI team stated, “We understand that everyone wants WLFI to be operational as soon as possible. However, we are close to finalizing a major collaboration that will shape the future of the project before launch. We believe this step is critical to its long-term success.” The team also highlighted the following points to provide clarity about the token locking process:

Tokens belonging to co-founders, team members, and advisors will not be unlocked at launch. There will be no new pre-sale. Instead, a program is planned in partnership with major centralized exchanges (CEX) where users can earn WLFI rewards through their existing platforms. Only a portion of the tokens will be released to early investors who participated in the public open sale. Furthermore, treasury tokens will be used solely to support liquidity. The release schedule for the remaining public sale and over-the-counter (OTC) tokens will be put to a community vote. The opening schedule for the team, founder and advisor tokens will be voted on separately following these votes.

Donald Trump's recent claims about the altcoin WLFI have sparked a significant response from developers in the cryptocurrency community. Trump announced that he would be launching his new token, $WLFI, within the next 14 days, marking a notable entry into the digital currency space. This move has raised concerns and questions among developers, who are closely monitoring the potential impact on the broader cryptocurrency market.

The stablecoin rollout, which Trump has been involved in, is expected to have financial benefits for the Trump family. This has created an ethical minefield, as the legislation influencing the stablecoin rollout was partly shaped by the Trump family's involvement. Developers are particularly concerned about the potential for conflicts of interest and the broader implications for the cryptocurrency ecosystem.

In response to Trump's claims, developers have expressed their concerns about the transparency and security of the WLFI token. They have highlighted the importance of a robust tech stack for blockchain developers, emphasizing that the success of any new cryptocurrency depends on its underlying technology and the trust it can build within the community. The developers' response underscores the need for thorough vetting and due diligence in the cryptocurrency space, especially when high-profile figures like Trump enter the market.

The launch of WLFI is expected to have a significant impact on the altcoin market. Developers are wary of the potential for increased market volatility and the possibility of a shift in market dominance. They are also concerned about the ethical implications of Trump's involvement in the cryptocurrency space, given his past actions and the potential for conflicts of interest.

The developers' response to Trump's claims about WLFI highlights the importance of transparency and security in the cryptocurrency market. They have called for greater scrutiny and due diligence in the development and launch of new tokens, emphasizing the need for a robust tech stack and a strong community of developers. The launch of WLFI is expected to have a significant impact on the altcoin market, and developers are closely monitoring the situation to ensure that the market remains stable and secure.