Trump-Backed WLFI Token Approved for Trading with 99.94% Vote

Tokenholders of the World Liberty Financial (WLFI) crypto project, backed by former U.S. President Donald Trump, have voted overwhelmingly to make their tokens tradable. The proposal, submitted by the WLFI team on July 9, closed with a 99.94% approval rate, paving the way for the Trump-linked token to potentially increase in value through peer-to-peer transactions and secondary markets.

The decision to make the tokens tradable is part of a broader strategy to transition from a closed network to one of open participation. This shift is expected to enhance the token's liquidity and potentially increase its value. The WLFI team has outlined that the token unlock will occur in stages, with a full launch plan to be announced soon. Initially, only a portion of the tokens sold to early supporters will be eligible for trading, while the remainder will be subject to a second community vote to determine the unlock and release schedule.

The WLFI token was initially sold in two tranches. The first tranche, which opened in October 2024, sold 20 billion tokens at $0.015 each, generating approximately $300 million. The second tranche, which opened in January, sold an additional five billion tokens at $0.05 each, bringing in $250 million. The Trump family, which initially endorsed the platform, has reportedly reduced its stake in WLFI since December 2024, holding 40% of the company as of June.

The decision to make the WLFI token tradable is also expected to facilitate speculation and price discovery. The WLFI team has indicated that it will continue to expand the ecosystem and align long-term token incentives with protocol adoption. Additionally, a blockchain intelligence platform has been tapped to provide transaction monitoring, ensuring the integrity and security of the trading process.

This move is seen as a step towards handing greater influence to the community, aligning long-term token incentives with protocol adoption. Token holders will now have the opportunity to participate directly in decisions related to emissions, ecosystem incentives, and future treasury actions. This transition to open participation is expected to enhance the token's liquidity and potentially increase its value, attracting more investors to the WLFI token.