WLFI Clarifies: Team Member or Advisor Tokens Will Not Be Unlocked at 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. Regarding 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 treasury tokens will only be 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) priced at $0.015 and $0.05. Only after this vote is completed will the team submit another final vote for the community to decide on the unlocking schedule for the founder, team, and advisor tokens. Currently, they are cooperating with mainstream CEXs to ensure that WLFI lands on trading platforms that users are familiar with and love. 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. [TechFlow]
WLFI Clarifies: Team Member or Advisor Tokens Will Not Be Unlocked at 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. Regarding 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 treasury tokens will only be 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) priced at $0.015 and $0.05. Only after this vote is completed will the team submit another final vote for the community to decide on the unlocking schedule for the founder, team, and advisor tokens. Currently, they are cooperating with mainstream CEXs to ensure that WLFI lands on trading platforms that users are familiar with and love. 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. [TechFlow]
