CryptoTrump-backed World Liberty Financial's WLFI token launches at $30B...

Trump-backed World Liberty Financial’s WLFI token launches at $30B valuation

-


Key Takeaways

  • World Liberty Financial launched its WLFI token with an initial valuation exceeding $30 billion.
  • The project operates on Ethereum, has backing from Donald Trump, and its USD1 stablecoin is expanding across multiple chains.

Share this article

WLFI, issued by Trump-backed DeFi firm World Liberty Financial, went live on leading exchanges today at $0.3, giving the token a $30 billion fully diluted valuation.

WLFI briefly surpassed $0.33 before retracing. At the time of writing, the token was trading at $0.29, with a market capitalization of $8.7 billion. It is now the 27th-largest crypto asset by market cap, ahead of prominent names such as Litecoin, Toncoin, and Polkadot.

World Liberty Financial has set the total supply of its governance token at 100 billion WLFI. At launch, approximately 25 billion tokens, equivalent to about a quarter of the supply, will be in circulation.

That includes 10 billion tokens allocated to World Liberty Financial, 7 billion for partner Alt5 Sigma Corporation, and 2.8 billion earmarked for liquidity and marketing. Early investors in the project’s funding rounds will also be able to unlock around 4 billion tokens, equal to 20% of their original purchases, through the Lockbox process.

The remaining non-circulating supply consists of nearly 20 billion WLFI for the Treasury, 33.5 billion for the team, 16 billion as the locked portion of the public sale, and 5.8 billion for strategic partners, all subject to vesting or lock-up conditions.

WLFI is now available for spot trading and deposits across Binance, Bybit, MEXC, Bitget, Gate, KuCoin, and Hyperliquid.

Share this article



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

WLFI token price tanks, price down 55% as whales dump millions

Shortly after the launch of Trump’s...

The internet is laughing at El Salvador’s ‘quantum-safe’ bitcoin

El Salvador’s Bitcoin Office earned skepticism and laughter with bitcoin (BTC) wallet movements to protect against quantum computing. Source...

62 Best Labor Day Sales on Gear We’ve Tested—Just a Few Hours Left

Labor Day weekend is almost over, but there is still a pontoon boat load of deals to score...

Ether Technical Analysis: Neutral Indicators Hide a Brewing Volatility Storm

Ether is trading at $4,392 with a market capitalization of $530 billion and a 24-hour trading volume of...

Advertisement

The Vatican isn’t excommunicating crypto gamblers

A fake document mimicking the Holy See Press Office said Polymarket had reduced the solemn conclave to a...

Every fusion startup that has raised over $100M

Over the last several years, fusion power has gone from the butt of jokes — always a decade...

Must read

The internet is laughing at El Salvador’s ‘quantum-safe’ bitcoin

El Salvador’s Bitcoin Office earned skepticism and laughter...

You might also likeRELATED
Recommended to you