September 1 is set to be a groundbreaking day for the decentralized finance (DeFi) sector as World Liberty Financial gears up to release the first batch of WLFI tokens. These tokens are closely associated with President Donald Trump, adding an intriguing twist to the DeFi landscape.
The WLFI token, which operates on the Ethereum blockchain, will be distributed through a system called Lockbox. Early investors who bought tokens at $0.015 and $0.05 will have the opportunity to claim 20% of their holdings starting September 1, constituting approximately 5% of the total token supply. The remaining 80% will be subject to community governance, highlighting the project’s emphasis on participation and inclusivity. Notably, allocations for founders, advisors, and partners will remain locked to instill confidence in the market.
The process for activating and claiming WLFI tokens is straightforward yet meticulously managed. Investors will need to connect their wallets to the official website to transfer their WLFI tokens to a secure smart contract. Once this step is completed, they can unlock their share starting September 1. To ensure security and compliance, Cyfrin, a reputable Web3 security firm, audited the smart contracts, and presale wallets were thoroughly vetted to exclude non-compliant addresses. Additionally, WLFI is poised to make its debut on prominent exchanges such as Binance, Coinbase, and Hyperliquid, with official announcements imminent.
Behind the scenes of the WLFI project is DT Marks DEFI LLC, a holding entity associated with Trump that controls a substantial 22.5 billion tokens. With future prices hovering between $0.20 and $0.30, the fully diluted valuation of WLFI exceeds $40 billion, positioning Trump’s 15.75 billion tokens at a value exceeding $6 billion. This significant stake underscores Trump’s burgeoning involvement in the cryptocurrency space, which includes investments in NFTs, memecoins, Bitcoin, and Ethereum. However, this level of influence has sparked ethical concerns, particularly in light of the GENIUS Act signed by Trump, which lacks robust conflict-of-interest safeguards.
The launch of WLFI has not been without its share of market disruptions. Speculation about a potential partnership with lending protocol Aave led to an 8% drop in AAVE’s token price, although these rumors were swiftly dispelled. This incident underscores the competitive dynamics at play in the DeFi sector, where strategic alliances and announcements can significantly impact token prices.
As the WLFI project unfolds, it coincides with a broader expansion of the DeFi ecosystem, with the total value locked in DeFi protocols surpassing $167 billion. Regulatory momentum post-election in the U.S. has injected optimism into the market, drawing attention to high-profile projects like WLFI. It is important to note that this article has been translated from its original Italian publication, with efforts made to ensure accuracy.
In summary, the impending launch of the WLFI token on September 1 promises to be a pivotal moment for DeFi, with its ties to President Trump adding a layer of intrigue to the burgeoning cryptocurrency landscape. Stay tuned for more updates on this evolving story.
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