World Liberty Financial, the decentralized finance (DeFi) platform backed by the Trump family, will unlock 27 billion WLFI tokens at launch, according to data confirmed by CoinMarketCap.
On Monday, CoinMarketCap data showed that the World Liberty Financial project’s initial circulating supply will be 27 billion, more than a quarter of its 100 billion total supply. The revelation contradicts earlier reports that the project will only unlock about 3.69 billion tokens during its token generation event.
CoinMarketCap CEO Rush Lu said the circulating supply figure on their data site was “repeatedly confirmed” with the WLFI team. Lu added that the figure will be adopted by major exchanges listing the token.
Crypto trading platforms Binance, Gate and MEXC are among the exchanges scheduled to open spot trading for WLFI today.
Cointelegraph approached WLFI representatives for comments, but did not get a response before publication.
WLFI to unlock portion of user allocations
Last Tuesday, the WLFI team started allowing users to move their WLFI tokens into a vesting lockbox to begin the unlock process.
WLFI’s token unlock agreement shows that 20% of tokens purchased in the $0.015 and $0.05 sales rounds will be released immediately, providing an upfront reward for the project’s initial backers.
The remaining 80% will be subject to WLFI’s governance process, with future unlocking terms to be collectively decided by its community through a vote.
The agreement also said the unlocking conditions are not fixed and may be altered through subsequent governance decisions or other applicable requirements.
As a result, tokenholders could see the implementation of new unlocking models or adjustments made to existing schedules. This highlights the project’s governance-first approach and the role of community members in shaping WLFI’s tokenomics.
On July 5, World Liberty Financial initiated a community proposal to make the WLFI token transferable and tradable across the crypto ecosystem. However, the proposal stated that founders, team and adviser tokens would not be immediately unlocked.
On July 10, the proposal gained massive support, with 99% of the votes being in favor of the unlock.
Related: Aave drops over 8% on rumors of World Liberty Financial token deal
WLFI derivatives near $1 billion open interest
Ahead of the partial unlock, open interest in derivative contracts for the WLFI token neared $950 million before cooling to $887 million on Monday.
Open interest is the number of active, outstanding contracts that have not yet been settled. This shows that WLFI is seeing strong interest before it becomes tradable across crypto markets.
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