World Liberty Financial – a decentralized finance platform (Defi), supported by US President Donald Trump, launched the function of unlocking tokens for its WLFI cryptocurrency.
The project’s website reports that new functions will soon appear, such as trade, lending and applications, which will expand the ecosystem.
The first unlock WLFI brings the token closer to the full launch
The project announced this in the official post on X (previously Twitter), noting an important step in the distribution of tokens. Users can start the process through the Lockbox project system.
For unlocking, users must connect their wallets and sign an agreement on unlocking tokens on the official website. The project said that 20% of the initial distribution of tokens will become available on September 1 at 8:00 in the morning east.
Further receipts will depend on voting on management. In her recommendations, the World Liberty Financial emphasized that participants should interact only with the official WLFI token contract. The official address of the contract: 0xDA5E1988097297DCDC1F90DFE7909E847CBEF6. The team emphasized that other smart contracts are not needed to unlock. This is a precaution against phishing and fraud.
However, the process did not do without technical failures. Some users of Coinbase’s wallet are faced with the problems of access to Lockbox. The team quickly eliminated the problems and confirmed the restoration of work.
On the site, in addition to the “Unlock WLFI” option, the sections “Exchange”, “WLFI Appendix”, “Lending and Borrowing” and “WLFI Trade” are presented. This indicates their soon appearance.
Earlier, Donald Trump Jr. hinted that WLFI will be placed on large centralized and decentralized exchanges. This will increase the availability, liquidity and participation in management.
However, the World Liberty Financial has not yet announced specific terms of these developments. However, Lockbox launch is an important step in the development of the project and creates the conditions for wider adoption in the coming months.
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Source: Cryptocurrency
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