World Liberty Financial and Gate.io have launched the USD1 Points Program, offering rewards for stablecoin users, while the Lockbox mechanism has launched ahead of a WLFI token unlock.
Summary
- World Liberty Financial debuts USD1 Points Program with Gate.io, offering daily rewards for USD1 users.
- WLFI activates Lockbox ahead of Sept. 1 token unlock, with $1.5B worth of tokens locked.
- Project faces scrutiny but remains a major player after raising $2.26B and launching WLFI trading in July.
World Liberty Financial announced on Aug. 25 that its new USD1 Points Program is live in partnership with Gate.io, giving stablecoin holders new incentives.
The program promotes stablecoin adoption by enabling users to earn points through trading, holding USD1, and engaging in related activities. The rollout marks another milestone for USD1, which has quickly grown into one of the top stablecoins by market capitalization since its debut earlier this year.
Points system and daily rewards
The points program operates on a daily cycle, according to Gate.io, with holdings and trading volume being updated at 8:00 UTC every 24 hours. After that, points are awarded at 12:00 UTC, providing users with frequent chances to earn incentives.
Gate has indicated that more features will be added over time, but the first set of new user benefits is currently operational. By promoting USD1 as more than just a transactional asset, the program aims to increase participation in trading, yield products, and launchpad activities.
WLFI Lockbox and token unlock process
The same day, WLFI also activated its Lockbox system, a mechanism that requires holders to deposit tokens ahead of the project’s scheduled unlock on Sept. 1. The WLFI token has been one of the year’s largest token offerings after a 2.26 billion raise.
Initially restricted to governance voting, 20% of WLFI presale tokens will become tradable after the unlock, which was approved by a community vote in July.
Despite growing criticism for its large transfers and involvement with the Trump family, WLFI has managed to land funding deals and listings. As the unlock draws nearer, the market’s attention will turn to WLFI’s management of price stability and liquidity.
