World Liberty Financial’s WLFI token holders overwhelmingly supported a governance proposal to make the token tradable, and it closed today. There are a few lingering questions about the rollout, but WLFI is entering a new era.
The Trump family and other founders will maintain a way to profit from this arrangement, as their tokens won’t be unlocked in the first round. This could enable a future sale after retail investors drive WLFI’s price up.
WLFI To Become Tradable
President Trump has several crypto ventures, but World Liberty Financial is a key component of his new business empire. It launched the USD1 stablecoin, has conducted partnerships with foreign governments, and boosted Trump’s meme coin.
World Liberty announced the plan to make WLFI tradable several weeks ago, and an official governance proposal opened earlier this month.
Although WLFI is ostensibly a governance token, this proposal was the first time that token holders got to vote on a serious topic. Their response was overwhelming, as 99.94% of voters supported the measure:
Still, as Reuters pointed out, there are a few unanswered questions. It’s not clear how exactly the company will make WLFI tradable, or when this will happen.
World Liberty’s proposal didn’t specify any clear timetable, and the firm has yet to make an official announcement confirming the vote. However, it told the publication that “additional details are forthcoming.”
To be clear, a tradable WLFI is still quite interesting. Although Trump’s family quietly reduced its stake in World Liberty, it nonetheless receives most of the revenue from initial token sales. Secondhand sales on the open market would likely reduce this source of income.
However, that may be something of a moot point, as Trump holds huge reserves of WLFI. Moreover, the governance proposal explicitly states that “founders, team, and advisor tokens will not be unlocked initially and will be subject to a longer unlock schedule than early supporters.”
In other words, when WLFI becomes tradable, Trump’s family will retain their own tokens for a certain time. The market has a high demand for these assets, and it seems likely that they will appreciate in value. This will give the President an opportunity to continue benefiting from WLFI in the future.
That is to say, it’s difficult to predict what will happen after WLFI becomes tradable. Early investors will have the chance to make a profit on their initial purchases, and Trump also maintains a way to continue accumulating capital.
Many of the specifics, however, are still up in the air.
The post Trump Family’s WLFI Token Will Become Tradable After Successful Proposal appeared first on BeInCrypto.
