Exchanges, Supply and Scam Warnings
The post Exchanges, Supply and Scam Warnings appeared on BitcoinEthereumNews.com.
After months of speculation, the Donald Trump–backed World Liberty Financial (WLFI) token began trading Monday morning. However, confusion remains around the token’s unlock schedule, supported exchanges and distinguishing the legitimate WLFI from a wave of imitations. What is WLFI? WLFI is the native token of World Liberty Financial, a decentralized finance (DeFi) platform founded in 2024. While its utility has been kept deliberately vague, the project promotes itself as a bridge between traditional finance and DeFi. WLFI functions as the platform’s governance token, giving holders voting power over protocols and strategic decisions. On Monday, the project confirmed WLFI is officially live with a total supply of 24.66 billion tokens, allocated as follows: 10 billion to World Liberty Financial Inc. 7.78 billion to enterprise blockchain company Alt5 Sigma Corporation 2.88 billion to liquidity and marketing Just over 4 billion to the public Related: Trump-backed WLFI to unlock 24.6B tokens at launch Which exchanges support WLFI at launch? Binance became the first major exchange to list WLFI, offering trading pairs with USDC and USDT. Trading has also gone live on Bybit, Bitget and KuCoin. Separately, Coinbase announced it will support WLFI on the Ethereum network, with trading to begin once “liquidity conditions are met.” Source: Coinbase Assets Avoiding scams Alongside the hype, numerous WLFI scams have appeared. Analytics firm Bubblemaps identified “bundled clones” — look-alike smart contracts that imitate established crypto projects. Using the wrong contract address could result in a permanent loss of funds. Source: Bubblemaps The following are the correct WLFI smart contract addresses across relevant networks: Ethereum: 0xdA5e1988097297dCdc1f90D4dFE7909e847CBeF6 BNB Smart Chain: 0x47474747477b199288bF72a1D702f7Fe0Fb1DEeA Solana: WLFinEv6ypjkczcS83FZqFpgFZYwQXutRbxGe7oC16g Many crypto scams originate on social media, with X being a primary target. Official updates on WLFI tokens should only be trusted if they come from the verified “worldlibertyfi” account on X. Source: World Liberty…
