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Individual users can earn up to 1,000 LOT — share from a total prize pool of 1,000,000 LOT!
🏃 Join now: https://www.gate.com/campaigns/1294
Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!
World Liberty Financial is seeking to make the WLFI Token tradable.
Gate News bot message, the Trump family's DeFi project World Liberty Financial announced plans to make WLFI Token transferable to meet investors' demand for more user-friendly utility.
Currently, WLFI cannot be traded on the exchange and is locked in the user's wallet. Enabling the transfer feature will allow holders to deposit, trade, and even possibly list this Token on the market - this will open the door for peer-to-peer trading and may pave the way for an initial public offering.
In recent months, the current structure of the token has faced criticism. So far, WLFI is not tradable and serves only as a governance tool within the WLFI ecosystem.
Although no specific timetable or technical details have been provided, allowing transfers may open the door for future exchange listings or peer-to-peer trading, marking a significant shift in the way the Token is used and perceived.
WLFI has sold over 25 billion WLFI tokens in two rounds of financing, raising a total of $550 million. The tokens currently held by investors (many of whom are politicians and institutions) have poor liquidity in the secondary market.
However, the possibility of transfer may raise regulatory concerns, especially considering the relationship between WLFI and the Trump family, as well as the ongoing scrutiny of token sales by politically related entities.
At the same time, if WLFI is listed on decentralized or centralized exchanges, allowing its transfer can bring greater transparency to the price discovery process of the Token and may create broader demand.
Currently, WLFI has not confirmed when and how this change will be implemented. Until further notice, WLFI will remain a Token used solely for governance and will not have public market trading capabilities.