The management of World Liberty Financial (WLFI), a decentralized protocol for Finance (Defi), supported by US President Donald Trump and his family, can soon be traded on exchanges after a community vote has been concluded on Wednesday.
Token holders voted 99% for the proposal to allow WLFI-Tokens to handle secondary markets and to transfer peer-to-peer, according to a Snapshot mood.
The decision comes after the protocol collected around $ 590 million last year in a presale where investors could buy WLFI tokens. Tron -founder Justin Sun, for example, also bought $ 30 million from the active. World Liberty Financial is developing a Defi -credit and loan platform and also publishes a US Dollar called USD1.
The WLFI token is designed to give holders the right to participate in the board and decision-making of the protocol. However, those tokens that have been sold to early supporters have since been locked up, without the possibility of selling, buying or transferring them.
The proposal adopted sets a phased token discharge plan. Some tokens that were sold during the presale will unlock the launch of the trade, while the rest are waiting for a second community vote to determine their release schedule. Tokens held by founders, the team and the advisers remain locked for longer than early supporter allocations to underline the long -term obligation to the project, according to the proposal.
The final unlocking timing and suitability criteria are determined later, it added.
Read more: World Liberty makes narrative U-turn, says WLFI-Toks will soon be trading
