After months of speculation, the much-anticipated World Liberty Financial (WLFI) token, backed by Donald Trump, began trading Monday morning. While excitement surrounds its launch, there remains considerable confusion regarding the token’s unlock schedule, the exchanges supporting it, and distinguishing the legitimate WLFI from a myriad of imitations.
What is WLFI?
WLFI serves as the native token for World Liberty Financial, a decentralized finance (DeFi) platform established in 2024. Though its specific utility remains somewhat ambiguous, the project positions itself as a conduit between traditional finance and the burgeoning world of DeFi. Acting as the governance token for the platform, WLFI empowers holders with voting rights on protocols and strategic decisions.
On Monday, World Liberty Financial confirmed the official launch of WLFI, unveiling a total supply of 24.66 billion tokens. The allocation is as follows:
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10 billion to World Liberty Financial Inc.
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7.78 billion to enterprise blockchain company Alt5 Sigma Corporation
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2.88 billion for liquidity and marketing purposes
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Just over 4 billion available to the public
Which exchanges support WLFI at launch?
Binance is the first major exchange to list WLFI, providing trading pairs with USDC and USDT. Additionally, WLFI trading is live on Bybit, Bitget, and KuCoin.
Meanwhile, Coinbase announced plans to support WLFI on the Ethereum network, stating that trading will commence once “liquidity conditions are met.”
Avoiding scams
With the excitement surrounding WLFI, scammers have seized the opportunity to create fraudulent versions. Analytics firm Bubblemaps has identified “bundled clones,” which are look-alike smart contracts mimicking established crypto projects. Using incorrect contract addresses could result in irreversible financial losses.
The following are the verified WLFI smart contract addresses across relevant networks:
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Ethereum: 0xdA5e1988097297dCdc1f90D4dFE7909e847CBeF6
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BNB Smart Chain: 0x47474747477b199288bF72a1D702f7Fe0Fb1DEeA
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Solana: WLFinEv6ypjkczcS83FZqFpgFZYwQXutRbxGe7oC16g
Many crypto scams originate on social media, with X (formerly known as Twitter) being a primary target. Official updates about WLFI tokens should only be considered reliable if they come from the verified “worldlibertyfi” account on X.
Post-launch volatility
With its circulating supply set at approximately 24.66 billion tokens, WLFI debuted with a market capitalization of $6.4 billion, according to CoinMarketCap. The trading volumes surged, resulting in a 14% increase in the token’s price, reaching $0.26.
As is typical with many new cryptocurrency launches, WLFI’s price performance has been characterized by a blend of speculative demand, limited liquidity, and uncertainty regarding its long-term adoption. These elements contribute to the significant volatility witnessed in the early days of trading.
For more detailed coverage on the launch of WLFI, visit the full article on Cointelegraph.
