Trump Family’s Defi Project World Liberty Financial (WLF) has indicated that plans to make his WLFI toppings transferable and responds to the demand for investors to a more accessible use.
Currently, WLFI cannot be purchased or sold on exchanges and is locked up in users’ portfolios. By making it transferable, holders can send, trade or possibly state token at market places, making peer-to-peer transfers and possibly public sale possible for the first time.
Is WLFI -token finally available publicly available?
The announcement comes after months of criticism of the current structure of the token. WLFI has so far been non-tradable and only functions as an administrative tool within the WLF ecosystem.
Although no timeline or technical details were provided, the turning for transfers could open the door for future exchange lists or peer-to-peer trade. This would mean an important change in how token is used and observed.
WLF has previously sold more than 25 billion WLFI tokens in two fundraising rounds, which raised $ 550 million. Investors – of whom many political and institutional actors include – keep the tokens in the course of the tokens without the liquidity of the secondary market.
However, transferability can violate the concern of the regulations. This is mainly given the tires of WLFI with the Trump family and continuous control of token sale by politically affiliated entities.
At the same time, making WLFI can be transferred extra transparency in the price discovery of the token and possibly cause a wider question. That is, as lists on decentralized or centralized stock exchanges follow.
For now, WLF has not confirmed when or how the change will be implemented. Until then, WLFI will remain a token with only governance without open-market trade functionality.
