The World Liberty Financial team has launched a proposal to make their token, $WLFI, tradable outside a close network. This decision comes as the US celebrates Independence Day, marking a historic moment for the project.
Community Vote for World Liberty Financial’s WLFI Token Goes Live on Independence Day
World Liberty Financial’s post on X about this development reflects the team’s excitement. They called it a homecoming for crypto, tied to the spirit of freedom on Independence Day.
The team wished everyone a happy 4th of July from the “new crypto capital of the world.” The voting proposal is now live, giving members a chance to shape the future of this cryptocurrency.
If the proposal is approved, it will allow trading of $WLFI on secondary markets or peer-to-peer transactions. This change would open the door for broader community participation and access.
The World Liberty Financial team sees this as a step toward building a more open and powerful financial system. The idea has been in the works as World Liberty Financial grows stronger.
The project has achieved a lot in product development and collaborations over the 12 months. The brand recognition has risen sharply. Also, the community has demanded that this move is the next stage in the development of the WLFI token.
Token Transfers, Governance Power and Long-Term Unlock Plan Comes with Community Vote
In case the vote succeeds, there are a number of actions that will occur. The group will enable transfer possibilities to early backers. The rate of unlocking the remaining tokens will be determined by a second vote.
Therefore, the unlock period will be increased for founders, team members, and advisors. This is to make them committed to the long-term success of the project.
Early supporters play a key role in this plan. This is important because a portion of the $WLFI supply was sold to them initially. Some of their tokens will unlock when trades begin.
The rest will depend on the community’s second vote. Timing and eligibility details will be set later to keep the process flexible.
The governance framework is another big focus. After the vote, token holders will gain more influence over decisions. They can vote on emissions, ecosystem incentives, and treasury actions. This shift hands greater control to the community, marking the start of a new era.
Earlier, World Liberty Financial partnered with top London-based tech firm Re7 Labs to grow the presence of its USD1 stablecoin worldwide.
Paul
Paul Adedoyin is a crypto journalist with 4+ years experience who provides timely news, in-depth research, and insightful content to inform and empower his audience. His works have been featured on sites such as CryptoMode, CryptoNewsFlash among others.
He holds a degree in Geophysics from OAU, Nigeria. When he’s not writing, he loves watching soccer and reading educative journals.
He can be reached via [email protected]
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