WLFI Token Trading to Begin in 6-8 Weeks After Community Vote

World Liberty Fi has announced that its native voting token, WLFI, is expected to begin trading within the next 6-8 weeks. This decision follows a community vote that approved the transferability and tradability of the asset. The voting period, which commenced on July 4, concluded with a consensus to make WLFI transferable to wallets and exchanges.

WLFI, which has been distributed to 85,870 holders, including special partnerships and allocations to whales or funds, will now prepare for trading. This preparation includes striking alliances with exchanges and implementing strategic token unlocks. Prior to this, WLFI was only transferable during the presale when sending transactions to selected counterparties.

The community's reaction to the delayed trading period has been mixed. Some members expressed disappointment, viewing the current market rally as an ideal moment to launch WLFI and avoid exposing the token to further uncertainty. The community also complained about an unnecessary waiting period that could potentially decrease demand for WLFI.

Despite the community's concerns, World Liberty Fi has plans to hold another presale round, which could increase the number of insider holders. Currently, the original multisig wallet holds 40% of the token supply, and the final holding structure remains unknown.

WLFI's price discovery mechanisms are limited, primarily relying on pre-market trading on Lbank. The token is currently trading around $0.76, with limited volumes. Additionally, WLFI is trading at $0.22 on MEXC, offering only speculative trading as the tokens are not yet transferable.

Before the eventual trading launch, WLFI will continue to function as a voting and governance token. World Liberty Fi has opened another direct buying page, offering WLFI at a discounted price. Holders can make proposals and vote, although the new presale round has not been offered for a vote and was announced without community feedback.

World Liberty Fi, which operates on the BNB Chain ecosystem, remains an active trader despite the delay in WLFI's trading launch. The platform carries over $201M in various crypto assets and has actively interacted with protocols on Ethereum and BNB Smart Chain. The fund uses wrapped versions of BTC and ETH for DeFi activities and has divested most of its speculative altcoins.

The USD1 stablecoin is another source of activity for World Liberty Fi, with most of the supply minted for the BNB Smart Chain ecosystem. USD1 is held in over 221K addresses and supports an active meme ecosystem as a source of liquidity. World Liberty Fi directly trades with USD1, recently spending $200K equivalent on some of the top ecosystem tokens, including B, LIBERTY, EGL1, TAG, and BANK.