What’s the actual WLFI? How to keep away from the scammers

3 Min Read


After months of hypothesis, the Donald Trump–backed World Liberty Financial (WLFI) token started buying and selling Monday morning. However, confusion stays across the token’s unlock schedule, supported exchanges and distinguishing the reputable WLFI from a wave of imitations.

What is WLFI?

WLFI is the native token of World Liberty Financial, a decentralized finance (DeFi) platform based in 2024. While its utility has been saved intentionally imprecise, the undertaking promotes itself as a bridge between conventional finance and DeFi. WLFI capabilities because the platform’s governance token, giving holders voting energy over protocols and strategic selections.

On Monday, the undertaking confirmed WLFI is formally stay with a complete provide of 24.66 billion tokens, allotted as follows:

  • 10 billion to World Liberty Financial Inc.

  • 7.78 billion to enterprise blockchain firm Alt5 Sigma Corporation

  • 2.88 billion to liquidity and advertising and marketing

  • Just over 4 billion to the general public

Related: Trump-backed WLFI to unlock 24.6B tokens at launch

Which exchanges assist WLFI at launch?

Binance turned the primary main trade to record WLFI, providing buying and selling pairs with USDC and USDT. Trading has additionally gone stay on Bybit, Bitget and KuCoin.

Separately, Coinbase introduced it can assist WLFI on the Ethereum community, with buying and selling to start as soon as “liquidity circumstances are met.”

Source: Coinbase Assets

Avoiding scams

Alongside the hype, quite a few WLFI scams have appeared. Analytics agency Bubblemaps recognized “bundled clones” — look-alike sensible contracts that imitate established crypto tasks. Using the flawed contract deal with may end in a everlasting lack of funds.

Source: Bubblemaps

The following are the proper WLFI sensible contract addresses throughout related networks:

  • Ethereum: 0xdA5e1988097297dCdc1f90D4dFE7909e847CBeF6

  • BNB Smart Chain: 0x47474747477b199288bF72a1D702f7Fe0Fb1DEeA

  • Solana: WLFinEv6ypjkczcS83FZqFpgFZYwQXutRbxGe7oC16g

Many crypto scams originate on social media, with X being a main goal. Official updates on WLFI tokens ought to solely be trusted if they arrive from the verified “worldlibertyfi” account on X.

Source: World Liberty Financial

Post-launch volatility

With a circulating provide of about 24.66 billion tokens, WLFI debuted at a market capitalization of $6.4 billion, in keeping with CoinMarketCap. Trading volumes surged, and the token climbed 14% to $0.26.

As with many crypto launches, WLFI’s worth motion displays a mixture of speculative demand, restricted liquidity and uncertainty round long-term adoption — components that may drive sharp volatility within the early days.

Magazine: Bitcoin is ‘humorous web cash’ throughout a disaster: Tezos co-founder 



Source hyperlink

Share This Article
Leave a Comment
You have not selected any currencies to display