World Liberty Financial Sells 99.3% of 5 Billion WLFI Tokens
1min read World Liberty Financial (WLF), a decentralized finance (DeFi) project, has successfully sold 99.3% of its recently issued 5 billion wlfi tokens. The tokens went on sale on January 20, following a surge in demand after the initial public sale. According to the data on the project’s official website, World Liberty Financial has now sold a total of 24.97 billion WLFI tokens out of a 25 billion token supply allocated for public sale. The total supply of WLFI tokens is 100 billion, with an initial allocation of 20 billion tokens designated for the first public sale. This sale commenced on October 15, 2024, with the token priced at $0.015. Furthermore, the project restricted access to individuals who qualified through a whitelist.
The initial target for the WLFI token sale was set at $300 million. Nonetheless, weak demand in the early stages led to a drastic reduction of the presale target to $30 million. Despite the initial setback, the tides shifted after the launch of the project, which sparked renewed interest in World Liberty Financial, leading to a surge in demand for WLFI tokens. By January 20, World Liberty Financial had completed its initial token sale, selling 20% of its total token supply. However, seeing the surge in demand, the project released an additional 5% of its token supply at a price of $0.05 per token. At the time of writing, only 34.6 million tokens of the 5 billion public sale allocation remain available.
The WLFI token’s primary purpose is governance within the World Liberty Financial Protocol. It allows token holders to propose, discuss, and vote on key protocol decisions. This gives token owners an equal voice in shaping the platform’s development, ensuring fair and democratic changes to its ecosystem. As an added measure, the tokens will remain non-transferable for the first 12 months post-launch. Moreover, any community-approved changes to this restriction will not take effect until the one-year period concludes.
The milestone comes shortly after World Liberty Financial announced a partnership with Sui. The aim of this collaboration is to explore opportunities in DeFi. It will also integrate Sui’s technology into WLFI’s token reserve, “Macro Strategy,” supporting leading DeFi projects. This partnership is expected to further enhance the capabilities and reach of the World Liberty Financial Protocol, providing more opportunities for growth and innovation in the DeFi space.
