Jakarta, Pintu News – World Liberty Financial, a decentralized finance (DeFi) platform backed by US President Donald Trump, has activated the token opening function for their native cryptocurrency, WLFI.
According to the project’s website, other utilities such as trading, lending, and app functionality are expected to be launched soon, expanding their ecosystem.
Recently, World Liberty Financial announced the development through an official post on X, marking a significant step in token distribution. Users can initiate this process through the project’s Lockbox system.
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The token unlock process requires users to connect their wallets and sign the Token Unlock Agreement through the official website. The project revealed that 20% of the initial token allocation will be available to claim at 8:00 AM ET on September 1.
In addition, subsequent claims will depend on governance votes. In its guidelines, World Liberty Financial emphasizes that participants should only interact with the official WLFI token contract throughout this process.
The official contract address is: 0xdA5e1988097297dCdc1f90D4dFE7909e847CBeF6
The team emphasizes that no other smart contracts are required during the token opening process. This is a precautionary measure to avoid phishing or fraud attempts. However, this process is not free from some technical obstacles.
Some Coinbase wallet users reported issues accessing the Lockbox. Nonetheless, the team managed to resolve the issue quickly and confirmed the restoration of functionality.
Meanwhile, in addition to the ‘Unlock WLFI’ option, the website also displays the ‘Exchange,’ ‘WLFI App,’ ‘Lend & Borrow,’ and ‘Trade WLFI’ options with the indicator ‘soon.’ This suggests that these capabilities are coming soon.
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Earlier, Donald Trump Jr. hinted that WLFI will eventually be listed on a major centralized and decentralized exchange. This move will increase global accessibility, liquidity, and participation in governance.
Even so, World Liberty Financial has not announced an exact timeline for this development. However, the launch of Lockbox marks an important step in the project’s roadmap and paves the way for wider adoption in the coming months.
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