Upcoming WLFI Token Sale Boosts Donald Trump’s Polymarket Dominance

WLFI tokens will be non-transferable for the first year following their launch. Even if the community votes to remove this restriction, any changes would only take effect after the initial year. Despite the lockup, token holders will still have a voice in the governance of the network, which is a key use case for the WLFI token.

World Liberty Financial Gets Second Chance to Woo Crypto Investors

Ahead of the listing, World Liberty Financial will hold a session on X spaces on Monday, October 14, at 12:00 PM UTC. It will feature the WLFI team, advisors, and supporters. The session will provide World Liberty Financial with a second chance to convince the crypto community after they failed to make a positive impression during the DeFi venture’s launch.

Despite its ambitious mission, the debut left crypto investors doubtful about the project’s viability and business model. Other concerns included how WLFI would operate and its target customer base. How its decentralized lending protocol, which is expected to run on Aave, would generate revenue also remains unclear.

Further disappointment came from the announcement of exclusivity. Specifically, the WLFI token would only be available to investors who meet a certain wealth threshold. This left the broader audience that may have been interested in participating feeling excluded.

Crypto investors are keen to see whether the concerns surrounding the WLFI token will be addressed before its launch on Tuesday. Notably, Donald Trump could become the first US president to launch a cryptocurrency, pending the outcome of the November elections.