US tokenholders of US president Donald Trump supported by the Crypto Project World Liberty Financial (WLFI) voted to make them tradable, opening the door for a token associated with Trump that increased in value.
The proposal submitted by WLFI The team on July 9 closed on Wednesdaywith a “excessive” 99.94% in favor of unlocking. This will make the platform token trading through peer-to-peer transactions and secondary markets.
“Following the vote to make the tradable token, the WLFI management framework will provide more to tokenholders to participate directly to protocol decisions,” the WLFI team told the proposal.
“This includes voting for leaks, ecosystem incentives, and future actions. This proposal is the first step in delivering more influences to the community.”
Token Unlock will come to stages, launching a plan coming up
Not all management Tokens will be locked Immediately, according to the WLFI team, and an entire launch plan is coming up, According to In Wlfi’s post on X on Wednesday.
The WLFI team outlined in the original proposal that as part of the initial unlocking, only the “part” of tokens sold to the first supporters should be eligible to exchange.
“The residue of the tokens will be subject to a second community vote to determine the unlocking and exit schedule,” the team said.
The founders, teams, and advisors of the tokens will also not be locked. They will be subject to a longer schedule: the timing and any eligibility requirements should not be determined.
Freedom in the world Sold WLFI tokens on two branches. One opened in October 2024 and sold 20 billion for $ 0.015 each, netting the company about $ 300 million.
The second was opened in January and charged $ 0.05 per token, found another five billion tokens sold, making up $ 250 million in sales.
Moving from closed to open
The token unlock is part of a broader plan to move from being a closed network to “open participation,” the WLFI team said.
Making tradable tokens are likely to open the door to the speculation and discovering the price.
When the tokens become trained, the team says it will continue to expand the ecosystem and align the long-term incentive of the token with protocol adoption.
Related: Trump Memecoin Wallet in ‘Current Courage’ as Org Org without knowing the launch
The Blockchain Intelligence Platform TRM Labs has already been to provide transaction monitoring.
The Trump family that reduces the wlfi stake
Wlfi Launched on September 16, 2024 And Donald Trump and his children Eric, Donald Jr. and Barron Trump support.
Reported by the president a $ 57 million income from WLFI to a financial June Disclosure with the US Office of Government Ethics; However, the Trump family also has It has been reported that its stake reduced On the platform since December 2024, holding 40% of the company until June.
Magazine: Crypto adventures of Trump’s crypto raises conflict of interest, insider trading questions
