WLFI Clarification: No tokens for team members or advisors will be unlocked upon launch
On July 19th, WLFI issued a statement to the community clarifying that no tokens of any co-founders, team members, or advisors will be unlocked at the time of launch. At the same time, another private placement round will not be opened. Instead, a WLFI token reward program will be launched in cooperation with mainstream trading platforms, allowing users to earn tokens on platforms they already trust and use.
About the unlocking plan:
Only some of the tokens purchased in the public offering at prices of $0.015 and $0.05 will be unlocked in the initial stage. In addition, the vault tokens are only used to inject liquidity. After the launch, the team will submit a community vote to determine the unlocking schedule for the remaining tokens (as well as OTC traded tokens) at the $0.015 and $0.05 price levels. Only after this vote is completed will the team submit another final vote, and the community will decide on the unlocking schedule for the founder, team, and advisor tokens.
Currently, we are cooperating with mainstream CEXs to ensure that WLFI lands on trading platforms that users are familiar with and like. DeFi options will also be provided to satisfy users who prefer a decentralized trading experience. Details of the complete launch plan will be announced soon.
[BlockBeats]
WLFI Clarification: No tokens for team members or advisors will be unlocked upon launch
On July 19th, WLFI issued a statement to the community clarifying that no tokens of any co-founders, team members, or advisors will be unlocked at the time of launch. At the same time, another private placement round will not be opened. Instead, a WLFI token reward program will be launched in cooperation with mainstream trading platforms, allowing users to earn tokens on platforms they already trust and use.
About the unlocking plan:
Only some of the tokens purchased in the public offering at prices of $0.015 and $0.05 will be unlocked in the initial stage. In addition, the vault tokens are only used to inject liquidity. After the launch, the team will submit a community vote to determine the unlocking schedule for the remaining tokens (as well as OTC traded tokens) at the $0.015 and $0.05 price levels. Only after this vote is completed will the team submit another final vote, and the community will decide on the unlocking schedule for the founder, team, and advisor tokens.
Currently, we are cooperating with mainstream CEXs to ensure that WLFI lands on trading platforms that users are familiar with and like. DeFi options will also be provided to satisfy users who prefer a decentralized trading experience. Details of the complete launch plan will be announced soon.
[BlockBeats]
