Latest news with #tokenunlock
Crypto Insight
6 days ago
- Business
- Crypto Insight
Trump's World Liberty crypto tokens are set to become tradable
Tokenholders of US President Donald Trump-backed crypto project World Liberty Financial (WLFI) have voted to make them tradable, opening the door for the Trump-linked token to increase in value. The proposal submitted by the WLFI team on July 9 closed on Wednesday, with an 'overwhelming' 99.94% in favor of the unlock. It will make the platform's governance token tradable through peer-to-peer transactions and secondary markets. 'Following the vote to make the token tradable, WLFI's governance framework will enable more tokenholders to participate directly in protocol decisions,' the WLFI team said in the proposal. 'This includes voting on emissions, ecosystem incentives, and future treasury actions. This proposal is the first step in handing greater influence to the community.' Token unlock will come in stages, launch plan coming soon Not all the governance tokens will be unlocked at once, according to the WLFI team, and a full launch plan is coming soon, according to WLFI's post on X on Wednesday. The WLFI team outlined in the original proposal that as part of the initial unlock, only 'a portion' of the tokens sold to early supporters will be eligible to be traded. 'The remainder of the tokens will be subject to a second vote by the community to determine the unlock and release schedule,' the team said. Founders, team, and adviser tokens will also not be unlocked. They will be subject to a longer schedule: timing and any eligibility requirements are yet to be determined. World Liberty sold WLFI tokens in two tranches. One opened in October 2024 and sold 20 billion for $0.015 each, netting the company about $300 million. The second opened in January and charged $0.05 per token, which saw another five billion tokens sold, generating $250 million in sales. Transition from closed to open The token unlock is part of a broader plan to transition from being a closed network to 'open participation,' the WLFI team said. Making the tokens tradable will also likely open the door to speculation and price discovery. Once the tokens become tradable, the team said it will continue ecosystem expansion and align long-term token incentives with protocol adoption. Blockchain intelligence platform TRM Labs has been tapped to provide transaction monitoring. Trump family reducing WLFI stake WLFI launched on Sept. 16, 2024 and was endorsed by Donald Trump and his sons — Eric, Donald Jr. and Barron Trump. The president reported a $57 million profit from WLFI in a June financial disclosure with the US Office of Government Ethics; however, the Trump family has also reportedly reduced its stake in the platform since December 2024, holding 40% of the company as of June. Source:
Crypto Insight
27-05-2025
- Business
- Crypto Insight
$3.3B in crypto tokens set to unlock in June
Digital assets worth $3.3 billion are set to enter circulation in June as vesting periods for several major projects expire. According to crypto vesting tracker Tokenomist, $3.3 billion in tokens will be released in June, a 32% decline in unlocked tokens month-on-month. In May, such tokens totaled $4.9 billion. Crypto projects allocate tokens for various purposes. For example, a company may promise tokens to team members to reward them for their contributions or sell them to early investors. However, projects usually lock the tokens for a specific period to prevent early holders from dumping before the project matures. The data shows that $1.4 billion in tokens will be released through a 'cliff unlock,' while $1.9 billion will be emitted through a 'linear unlock.' Cliff unlocks release a large portion or all of the vested tokens simultaneously, while linear unlocks emit crypto assets gradually. Among the largest token unlocks in June is Metars Genesis (MRS), a non-fungible token (NFT) project that will release $193 million worth of tokens on June 21 to fund an artificial intelligence partnership. Since March, MRS has released 10 million tokens per month, with nearly $1 billion in tokens unlocked so far. Sui is scheduled to unlock 44 million tokens worth about $160 million on June 1. The tokens will go to the Mysten Labs treasury, early contributors and the community reserve. The largest portion, valued at more than $70 million, is allocated to Series B investors. To date, Sui has unlocked 3.3 billion tokens valued at over $12 billion, roughly 33% of its total supply. Tokenomist data shows another 5.22 billion tokens worth nearly $20 billion remain without a scheduled release date. Projects scheduled to unlock tokens in June Other tokens, including Fasttoken, Aptos, LayerZero (ZRO), ZKsync and Arbitrum also have vesting periods set to expire in June. Fasttoken will release 20 million tokens worth $88 million allocated to its founders, while LayerZero is scheduled to unlock 25 million tokens worth $71 million to its core contributors and strategic partners. Aptos is expected to release 11.31 million tokens worth $61 million to its core contributors, foundation, community and investors. ZKsync will release over 760 million tokens worth $49 million to its investors and team members. Source:
