WLFI Token Launches Amidst Scam Warnings and Exchange Listings
WLFI Token Trading Begins: What You Need To Know
The World Liberty Financial (WLFI) token, backed by Donald Trump, has officially launched. Following months of anticipation, trading commenced on Monday, but users should be aware of potential scams and verify the correct contract addresses. Here’s a breakdown of what you need to know about WLFI.
What is World Liberty Financial (WLFI)?
WLFI is the native token of World Liberty Financial, a decentralized finance (DeFi) platform established in 2024. The platform aims to bridge traditional finance and DeFi, with WLFI acting as a governance token. Token holders gain voting rights on protocol developments and strategic decisions.
The total supply of WLFI is 24.66 billion tokens, allocated as follows:
- 10 billion to World Liberty Financial Inc.
- 7.78 billion to enterprise blockchain company Alt5 Sigma Corporation
- 2.88 billion to liquidity and marketing
- Just over 4 billion to the public
Where Can You Trade WLFI?
Several exchanges have listed WLFI:
- Binance: Offers trading pairs with USDC and USDT.
- Bybit, Bitget, and KuCoin: Trading is live on these platforms.
- Coinbase: Announced support for WLFI on the Ethereum network; trading will begin once liquidity conditions are met.
Scam Alert: How to Avoid Fake WLFI Tokens
With the launch of WLFI, numerous scams have emerged. Analytics firm Bubblemaps has identified “bundled clones”—fake smart contracts that mimic legitimate crypto projects. Using an incorrect contract address can result in a permanent loss of funds. Always double-check the contract addresses.
Here are the correct WLFI smart contract addresses:
- Ethereum: 0xdA5e1988097297dCdc1f90D4dFE7909e847CBeF6
- BNB Smart Chain: 0x47474747477b199288bF72a1D702f7Fe0Fb1DEeA
- Solana: WLFinEv6ypjkczcS83FZqFpgFZYwQXutRbxGe7oC16g
Be especially vigilant on social media, particularly X, where many crypto scams originate. Only trust official updates from the verified “worldlibertyfi” account.
Market Performance and Volatility
WLFI launched with a market capitalization of $6.4 billion, according to CoinMarketCap. Trading volumes have been high, with the token initially climbing 14% to $0.26.
Like many new crypto launches, WLFI's price action is subject to volatility due to speculative demand, limited liquidity, and uncertainty around long-term adoption. Traders should exercise caution.
Disclaimer: Investing in cryptocurrencies carries inherent risks, including the risk of losing all of your investment. Always conduct thorough research and consider your risk tolerance before investing in any digital assets. For those developing projects, consider Codeum for comprehensive blockchain security audits to secure your launch.