World Liberty Financial is a decentralized finance platform launched in 2024. Its association with Current president of the USA, President Donald Trump and his family, differs it from any other platform which offers similar services. WLFI presents itself as a leading DeFi platform that connects traditional finance with the growing crypto world. It aims to integrate traditional financial services with blockchain technology and offers products like the WLFI governance token and the USD1 stablecoin.
Let us understand what is the WLFI governance token, its core functionalities, and what makes it different from many others in the market.
The WLFI token is the native cryptocurrency of the World Liberty Financial. It acts as a governance token, giving holders a voice in shaping the future of the platform. It allows equal voting power to the WLFI token holders. Their voting works towards the benefit of the platform’s governing decisions and changes. Token holders are eligible to propose protocol changes they find fit for the platform, which may or may not directly influence its development and future as well. This way, owning WLFI tokens is a proposed way to actively participate and shape DeFi’s future. 
Next let’s throw light upon what makes it different. Unlike most crypto tokens, WLFI tokens cannot be traded or sold. In short, as soon as you purchase them, they get locked in your wallet. It is designed keeping governance in mind. So it can be used only for influencing the platform’s decision and not to make profit. WLFI token is not the only project backed by the platform. It includes USD1 which is a stable coin pegged to the U.S. dollar further backed by government treasuries. This way a hybrid platform is created which blends governance tokens with real world utilities.
Its connection with the influential Trump family also stand’s it out. There are extremely few projects that offer such a crossover of politics with Defi. This also makes it a highly controversial project. 60% of the platform is owned by the Trump families with 75% of revenue generated from the coin sale going to them. The project lists Donald Trump, “Chief Crypto Advocate,” and his sons Eric Trump, Donald Trump Jr., and Barron Trump as “Web3 Ambassadors.” However, the project’s whitepaper clearly mentions that the Trump family members are not directly involved in running or owning the WLFI project itself. This makes it controversial, yes, but also, rare.
There has been significant foreign investments made in WLFI. This also includes USD 2 billion from an Abu Dhabi firm. These investments have brought criticism regarding the foreign influence on the U.S. Politics.
Irrespective of all odds, the token sales for WLFI have already been completed. The project reportedly raised $550 million from 85,000 registered token holders. Such a massive response reflects investor interest and supports the project’s plans to grow, improve its platform, and strengthen its role in the DeFi space. With the announcement of the first airdrop of USD1 for all the WLFI token investors, WLFI is all set to give a tough competition with the digital currencies linked with public figures.
