World Liberty Financial — a decentralized finance (DeFi) platform backed by former U.S. President Donald Trump — has activated its token unlocking mechanism for the WLFI cryptocurrency.
The project’s website states that additional functionalities, such as trading, lending, and application integrations, will soon be introduced to broaden the ecosystem.
Initial WLFI Unlocking Moves Token Closer to Full Launch
The announcement was shared via an official post on X (formerly Twitter), underscoring a pivotal moment in the token distribution process. Users can initiate the procedure through the platform’s Lockbox system.
To unlock tokens, participants must link their wallets and sign the Token Release Agreement on the official platform. According to the project, 20% of the initial token allocation will become accessible on September 1st at 8:00 AM Eastern Time.
“After signing, your tokens will transition to a vesting contract. Your wallet balance will temporarily show 0 (this is normal). On September 1st at 8:00 AM, you can claim 20% of your allocated tokens — your wallet will then reflect this portion,” the post explains.
Subsequent releases will depend on governance voting outcomes. World Liberty Financial emphasized adherence to the official WLFI token contract (address: 0xdA5e1988097297dCdc1f90D4dFE7909e847CBeF6) to avoid phishing or fraudulent activities. The team clarified that no additional smart contracts are required for unlocking.
However, the process encountered temporary technical challenges. Some Coinbase Wallet users experienced difficulties accessing Lockbox, though developers swiftly resolved the issue.
“Thank you for your patience, Coinbase Wallet users. The connectivity issue with WLFI Lockbox has been fixed. You may now proceed as usual. If errors persist, refresh the page and retry. Always use links from our verified profile,” the team stated.
The website now features sections like “Exchange,” “WLFI App,” “Lending & Borrowing,” and “WLFI Trading” alongside the “Unlock WLFI” option, indicating their imminent rollout.
Previously, Donald Trump Jr. hinted that WLFI would be listed on prominent centralized and decentralized exchanges, which could enhance accessibility, liquidity, and governance participation.
While World Liberty Financial has not yet confirmed specific timelines for these updates, the Lockbox activation marks a crucial phase in the project’s development, setting the stage for wider adoption in the coming months.
Источник: cryptocurrency.tech
