The World Liberty Financial token, WLFI, began trading on several crypto exchanges on Monday. Here’s how traders can avoid scams.
After months of speculation, the Donald Trump–backed World Liberty Financial (WLFI) token began trading Monday morning. However, confusion remains around the token’s unlock schedule, supported exchanges and distinguishing the legitimate WLFI from a wave of imitations.
WLFI is the native token of World Liberty Financial, a decentralized finance (DeFi) platform founded in 2024. While its utility has been kept deliberately vague, the project promotes itself as a bridge between traditional finance and DeFi. WLFI functions as the platform’s governance token, giving holders voting power over protocols and strategic decisions.
On Monday, the project confirmed WLFI is officially live with a total supply of 24.66 billion tokens, allocated as follows:
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