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
Other Articles
Best Labor Day TV deal: 65-inch Sony Bravia 3 4K TV for $698
No Comment! Be the first one.