- The Donald Trump-backed token, World Liberty Financial (WLF) has successfully sold 99.3% of its 5 billion WLFI tokens.
- Despite early setbacks, the project’s momentum surged following the launch of Trump and Melania meme coins, solidifying its position in the DeFi landscape.
“Help shape the future of finance,” Donald Trump said as he announced the official sale date of World Liberty Financial’s (WLF) native token, WLFI.
Despite a rough start which saw the Donald Trump backed token face criticsm over its heavy insider allocation, raising concerns about decentralization. Now, the project has attained a significant milestone.
Notably, Wolrd Liberty Financial, has successfully sold 99.3% of its recently issued 5 billion tokens showcasing strong investor interest despite the earlier setbacks and back lashes.
Initially, the first token sale for World Liberty Financial (WLF) commenced on October 15, 2024. Fast foward to January 20, another token sale was launched.
As we reported, the WLFI token sale was launched on January 20, following the project’s initial public sale phase. World Liberty Financial has now sold an impressive 24.97 billion WLFI tokens out of the 25 billion tokens allocated for the public.
This is a remarkable milestone, considering the uphill struggle to meet the then-coveted $300 million fundraising target.
It is worth mentioning that at the initial sale, the WLF token was priced at $0.015 per token. However, the presale target was adjusted to $30 million due to lower-than-expected demand.
Zooming through to January 17 and January 19, the turning point for the WLFI token came. The project’s popularity increased following the launch of the Trump and Melania meme coins.
Notably, the launch of the TRUMP and MELANIA tokens acted as a catalyst, generating renewed enthusiasm for World Liberty Financial and causing a rapid increase in WLFI token demand.
Governance and Community Involvement
The project has chosen a similar governance pattern similar to the likes of AAVE, Maker, and Uniswap. This means that the WLFI token plays a big role in the World Liberty Financial ecosystem by acting as a governance token. Simply this means that token holders have the power to propose, debate and vote on fundamental decisions that shape the platforms future.
This decentralized governance model ensures that the community remains at the forefront of protocol developments, fostering transparency and fairness.
To maintain stability and long-term growth, WLFI tokens will remain non-transferable for the first 12 months post-launch. Any community-approved modifications to this restriction will only take effect after this time-frame ends.
WLFI’s Future Plans
Following the surge in demand, World Liberty Financial released an additional 5% of its token supply at $0.05 per token. The project acknowledged the overwhelming support by posting on the X platform;
An additional 5% of our token supply is now available to purchase on our website. We appreciate the overwhelming support and look forward to welcoming so many new people to our community!
At present, only 34.6 million tokens remain unsold, signaling near-completion of the public sale.
In addition to the successful token sale, World Liberty Financial has announced a strategic partnership with Sui (SUI) to enhance its DeFi offerings. This collaboration aims to integrate Sui’s technology into WLFI’s token reserve, “Macro Strategy,” which will support top DeFi initiatives.