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WLFI token terms: Non-transferable for one year, no plans to create a secondary market for the tokens

2024-10-16 10:48:51

ChainCatcher message, the Trump family's crypto project World Liberty Financial has updated the terms and conditions for the sale of its WLFI tokens. The main points are as follows:

  1. WLFI is for governance purposes only and is not an investment tool;
  2. The tokens do not grant any economic rights or ownership;
  3. All WLFI is currently indefinitely locked in wallets or smart contracts and is non-transferable;
  4. If there is a future desire to unlock the transferability of WLFI through the protocol governance process, the following conditions must be met: it must be determined that it does not violate applicable laws, and at least 12 months must have passed since the completion of the token sale;
  5. Due to the non-transferability of the tokens, the company has not taken any action and does not plan to create a secondary market for the tokens;
  6. Token purchases are non-refundable, unless required by applicable law;
  7. WLF reserves the right to refuse or cancel token purchase requests.
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