World Liberty Financial (WLFI), the Trump family-backed decentralized finance (DeFi) project, has released a significant statement addressing community concerns. The project team announced that no tokens belonging to the team, advisors, or co-founders will be unlocked at launch and that there will be no new private sale rounds.
In a statement, WLFI announced that only a portion of the tokens belonging to investors participating in the public sale at prices of $0.015 and $0.05 will be unlocked initially, while the rest will be determined according to an unlock schedule that will be submitted to a community vote.
The WLFI team made the following statements:
“We understand that everyone wants WLFI to be operational as soon as possible. However, we are close to finalizing a major collaboration that will shape the future of the project before launch. We believe this step is critical to its long-term success.”
In order to provide clarity about the token locking process, the following emphasis was highlighted in the statement:
- Tokens belonging to co-founders, team members, and advisors will not be unlocked at launch.
- There will be no new pre-sale. Instead, a program is planned in partnership with major centralized exchanges (CEX) where users can earn WLFI rewards through their existing platforms.
- Only a portion of the tokens will be released to early investors who participated in the public open sale. Furthermore, treasury tokens will be used solely to support liquidity.
- The release schedule for the remaining public sale and over-the-counter (OTC) tokens will be put to a community vote.
- The opening schedule for the team, founder and advisor tokens will be voted on separately following these votes.
*This is not investment advice.
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