World Liberty opened a proposal aiming to make WLFI tokens transferrable. This would mark the first major use of WLFI’s governance protocol, signaling a new era for the asset.
There are a few outstanding questions about implementation, such as partnered exchanges and potential regulatory concerns. Still, the community is currently unanimous in supporting the proposal.
World Liberty To Open WLFI’s Economy
Of all the Trump family’s crypto ventures, World Liberty Financial is probably the most prominent.
However, since it launched its WLFI token, the crypto community has greatly criticized World Liberty for not letting users trade or transfer these assets. According to a new announcement, a governance proposal to make this rule change is now live:
According to World Liberty’s new proposal, this move will change WLFI’s ecosystem from closed to open participation. In addition to making WLFI tradable, it will unlock tokens for early-access investors.
Moreover, this officially inaugurates the asset’s use as a governance token, as the lack of community proposals has been a sticking point for fans.
So, why now? Rumors of tradable WLFI began swirling in mid-June as an unidentified whale spent $80 million on token acquisition. Two weeks later, World Liberty announced that it’d make WLFI transferable, further drawing community hype.
Additionally, World Liberty is undergoing some internal changes, especially as its USD1 stablecoin is becoming more popular. By opening WLFI’s governance abilities and bringing the token to the DeFi ecosystem, World Liberty can firmly delineate a new era for the asset.
Nonetheless, there are many outstanding questions about this move. What exchanges will list WLFI? How will price discovery work? Will the firm face any regulatory setbacks, considering the heavy levels of foreign investment in WLFI?
The firm has already faced recurring accusations of political corruption, after all.
Regardless of these potential issues, one thing seems clear: WLFI holders are practically guaranteed to approve World Liberty’s proposal.
Currently, the community is completely unanimous in demanding token tradability. If the firm is ready to bring a new era to WLFI, then its holders are more than ready.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
