World Liberty Financial, a decentralized financial (DEFI) platform backed by US President Donald Trump, has activated the token unlocking capabilities of native cryptocurrency WLFI.
Other utilities, including trading, lending and app features, are expected to be launched soon after expanding the ecosystem, according to the project’s website.
First WLFI unlocking brings you closer to fully launching the token
The project announced its development in an official X (formerly Twitter) post, marking an important step in token distribution. Users can start the process through the project’s lockbox system.
The unlock process requires users to connect their wallets and sign a token unlock agreement through the official website. The project revealed that 20% of the initial token allocations can be billed at 8am on September 1st.
“When signed, the token will be moved to the vesting agreement. The wallet’s WLFI balance will be shown as 0 (expected). At 8am on September 1st, you can claim 20% of the allocation.
Furthermore, subsequent claims will depend on governance votes. In its guidance, World Liberty Financial emphasized that participants should only interact with official WLFI token contracts throughout the process. The official contract address is 0xDA5E1988097297DCDC1F90D4DFE7909E847CBEF6
The team emphasized that no other smart contracts are needed while unlocking. This is a precaution to prevent phishing and attempts at fraud. However, the process is not without technical issues.
Some Coinbase wallet users have reported an issue accessing Lockboxes. Nevertheless, the team quickly resolved the issue and confirmed the functionality restoration.
“Thanks for your patience, the issue with the Coinbase Wallet User – Connection with WLFI Lockbox has been resolved. You should be able to connect right now. If you see an error, try updating and reconnecting. As always, please use the link only from the official profile.”
Meanwhile, in addition to the “Unlock WLFI” option, the website also displays “WLFI” options marked with “Exchange”, the WLFI app, “Low”, “Low” and “SOON” indicators. This suggests that these functions are imminent.
Previously, Donald Trump Jr. had suggested that WLFI would eventually be listed on major centralized and decentralized exchanges. This move will increase participation in global accessibility, liquidity and governance.
Nevertheless, World Liberty Financial has not yet released a specific timeline for these developments. However, launching Lockbox marks a pivotal step in the project’s roadmap and sets a wider adoption phase in the coming months.
Post World Liberty Financial Token Unlock: What to expect ahead of the September 1 release first appeared in Beincrypto.
