The holders of World Liberty Financial WLFI token massively supported a governance proposal to make the token negotiable, and he closed today. There are a few persistent questions about deployment, but WLFI enters a new era.
The Trump family and other founders will maintain a way to take advantage of this arrangement, because their tokens will not be unlocked in the first round. This could allow a future sale after retail investors have increased the price of WLFI.
WLFI to become negotiable
President Trump has several Crypto companies, but World Liberty Financial is a key element in his new business empire. He launched the Stablecoin USD1, led partnerships with foreign governments and stimulated Trump’s memes play.
World Liberty announced the plan to make WLFI negotiable several weeks ago, and an official governance proposal opened its doors earlier this month.
Although the WLFI is ostensibly a governance token, this proposal was the first time that chip holders could vote on a serious subject. Their response was overwhelming because 99.94% of voters supported the measure:
However, as Reuters Underlined, there are a few unanswered questions. We do not know how the company will make WLFI negotiable, nor when it will happen.
World Liberty’s proposal did not specify a clear calendar, and the cabinet has not yet made an official announcement confirming the vote. However, he told the publication that “additional details are coming”.
To be clear, a negotiable WLFI is still quite interesting. Although Trump’s family has discreetly reduced their participation in World Liberty, they nevertheless receive most income from initial token sales. Used sales on the free market would probably reduce this source of income.
However, this can be a questionable point because Trump has huge WLFI reserves. In addition, the governance proposal explicitly stipulates that “the founders, the team and advisor’s tokens will not be unlocked initially and will be subject to a longer unlocking calendar than the first supporters.”
In other words, when WLFI becomes negotiable, Trump’s family will keep their own tokens for a while. The market has strong demand for these assets, and it seems likely that they will appreciate in value. This will give the president the opportunity to continue to benefit from the WLFI in the future.
That is to say, it is difficult to predict what will happen after WLFI becomes negotiable. The first investors will have the opportunity to make their profits on their initial purchases, and Trump also maintains a way to continue to accumulate capital.
Many details, however, are still in the air.
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