What is World Liberty Financial (WLFI)?

World Liberty Financial is a blockchain-based decentralized finance platform developed to strengthen the role of the US dollar in the global economy (DeFi). At its core is the WLF Protocol, a system designed to securely and transparently connect its users to wallets, stablecoins, and lending and borrowing platforms.

WLF emphasizes freedom, privacy, and peer-to-peer transactions, offering decentralized opportunities to new users of Web3. The ecosystem operates with WLFI, an Ethereum-based ERC-20 token. WLFI holders can propose upgrades and decisions that shape the future of the platform. They can also vote in these processes. It is structured to prevent any group from becoming dominant, thereby limiting voting to 5 percent per vote.

Users need to pay attention to the fact that WLF is not a stablecoin producer itself. Instead, it positions itself as a supporter and advocate of stablecoins indexed to the US dollar.

How does World Liberty Financial work?

World Liberty Financial operates on the Ethereum blockchain. WLFI tokens are managed through smart contracts, bids and rules are enforced, and connections to third-party DeFi applications are provided. This means that when a user interacts with WLF, the action is carried out transparently through pre-coded rules on Ethereum.

In the governance section, each token is equal to one vote for proposals. Voting takes place through Snapshot, an off-chain system that records results and then verifies them on-chain. Once a vote is approved, the transaction is carried out by a multi-signature wallet (MultiSig) controlled by designated signers.

Use Cases of World Liberty Financial

The main use case of World Liberty Financial is to enable users to interact with DeFi applications. These include potential integrations with protocols such as Aave V3 that allow for the acquisition, holding, and transferring of stablecoins, as well as digital wallets and liquidity pools.

WLF tokens can be used to participate in the governance of World Liberty Financial. Areas where votes can be cast include items such as proposing protocol upgrades, new integrations, or partnerships. Finally, it can be used to support liquidity and transactions in stablecoins to strengthen the role of the US dollar in the global economy.

WLFI token features

The benefit of the WLFI token is the ability to participate in the governance of the WLF Protocol. Initially, all WLFI tokens were locked in the smart contract indefinitely. However, a portion of the tokens was released through a protocol governance procedure. More tokens are expected to be unlocked in the future.

  • Network: Ethereum
  • Token type: ERC-20
  • Total supply: 100 billion WLFI token
  • Token Sale: Approximately 33% of WLFI tokens have been allocated for the token sale.
  • Community growth and incentives: Approximately 32% is allocated to increase governance participation.
  • Allocation for founding partners: 30% has been allocated to the founding partners.
  • Team and advisors: 3% has been allocated to the WLF team and advisors.

How to buy WLFI token?

You can choose any of the popular cryptocurrency exchanges to buy WLFI token. You can use Paribu, Turkey's leading technology company and a pioneer cryptocurrency trading platform, to purchase WLFI with Turkish Lira.

To buy WLFI tokens on Paribu, you must first create an account and complete the KYC process. After completing this process, or if you already have an account, you can visit the Paribu homepage. Here, you can click on the "Buy/Sell" button located at the top right. On the opened page, you can proceed to the purchase stage by typing WLFI in the search section.

You need to enter the amount of TL you have determined for the purchase transaction. After entering the amount you wish to deposit, you can proceed with the transaction. Since Paribu will automatically check your account balance, your transaction will be completed if your balance is sufficient. If your balance is insufficient, you can easily add balance by selecting the TL deposit option.

This article does not contain investment advice or recommendations. Every investment and trading move carries risks, and readers should conduct their own research when making decisions.

WLFI-17.14%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)