The Trump family's encryption project World Liberty has launched a governance vote, aiming to make the WLFI Token tradable.

Project Background and Voting Content

U.S. President Donald Trump and his family's related cryptocurrency project World Liberty Financial (WLFI) has launched a governance vote aimed at making its WLFI token tradable on public markets. The voting proposal went live on July 9 through the platform's governance portal, and initial results show strong community support.

Currently, WLFI tokens are locked within the platform and cannot be traded on external exchanges. If the vote passes, this will be the first step in making WLFI tokens transferable, marking the upcoming broader community participation. The voting will close on July 16.

The Potential of WLFI Token Transfer

If the proposal is approved, WLFI tokens will be able to trade on decentralized exchanges and can be integrated into peer-to-peer markets. This will broaden access channels, promote price discovery, and provide users with new ways to participate in governance decisions, including emission schedules, incentive programs, and treasury management.

Currently, although the WLFI project has been criticized for its connection to the Trump family, particularly as the Trump family allegedly holds about 40% of the WLFI supply, this vote does not involve any political affiliations. According to the voting page, the tokens held by the founders, team, and advisors will still be locked and will not be included in the initial unlock.

Phased Trading Launch Plan

If the vote passes, the trading of WLFI tokens will begin in phases. Supporters can unlock a portion of the tokens, while the "Know Your Customer" (KYC) review process for new users will be restarted. Additionally, a second vote is expected to determine the timing for unlocking the remaining tokens.

USD1 Stablecoin and Compliance Assurance

Currently, World Liberty Financial is developing its stablecoin USD1. Recently, USD1 was distributed to WLFI holders through an airdrop, with a current supply of $2.2 billion. The stablecoin is undergoing a third-party audit to ensure compliance with regulatory requirements. The protocol also plans to integrate monitoring tools provided by blockchain analytics company TRM Labs in the next phase.

Despite lawmakers still expressing concerns about the project, including a bill proposed by Congressman Adam Schiff to restrict government officials from promoting cryptocurrencies, the holders of WLFI tokens seem ready to continue pushing this process forward.

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