World Liberty Financial Updates WLFI Token Purchase Terms

Bittime - Trump family crypto project, World Liberty Financial, updated the terms and conditions of WLFI token sales. 

In this update, the WLFI token is emphasized as a governance token, not an investment instrument. This raises questions regarding the purpose and rules for using these tokens. 

WLFI Token is not an Investment Instrument

World Liberty Financial announced that main function of the WLFI token is as a governance token, which allows holders of this token to be involved in decision making within the World Liberty Financial ecosystem. 

However, even though it is used for governance, the WLFI token cannot be used as an investment tool. This means that holders of these tokens have no economic or ownership rights in the project.

This is different from most crypto tokens which generally have economic value and can be used for speculative or investment purposes. 

Read Also: How to Buy World Liberty Financial (WLFI) Tokens, Here are the Steps! 

WLFI Token Locked for One Year

WLFI token is currently locked in a wallet or smart contract. It means, The token owner cannot transfer the token for at least one year after the token sale is completed. 

This requirement is implemented to ensure that WLFI tokens cannot be traded freely on the secondary market in the near future. 

If there is a desire to open the transfer feature, there must be a protocol governance process first. The transfer feature can be considered to be activated, at least after 12 months since the token sale is completed

WLFI Token Can't Be Returned

In addition, World Liberty Financial also announced that  WLFI tokens cannot be returned after purchase. 

These provisions are quite strict and provide a warning to buyers that the decision to purchase WLFI tokens must be based on a thorough understanding of its purpose and function.

World Liberty Financial seems to want to make it clear that this token is not a speculation tool and puts more emphasis on long-term governance goals.

Read Also: World Liberty Financial to Launch WLFI Governance Platform! 

World Liberty Financial Can Declining or Cancelling the Purchase of WLFI Token

One of the newest provisions is World Liberty Financial has the right to refuse or cancel any request to purchase WLFI tokens. 

World Liberty Financial reserves the right to filter who can purchase WLFI tokens, and may even reject transactions that do not comply with their rules.

World Liberty Financial is determined to control the ecosystem more strictly and ensure that the distribution of WLFI tokens does not get out of control. 

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