Tuesday, January, 21, 2025

World Liberty Financial Unveils USD1 Points Program and Lockbox for Token Unlock

World Liberty Financial launches the USD1 Points Program and Lockbox system, boosting stablecoin adoption and liquidity management.
World Liberty Financial
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Areeba Rashid

Areeba Rashid is a dedicated crypto news writer with a passion for making complex topics accessible to everyone. She covers the latest developments in the crypto world, including in-depth price analysis, helping readers stay informed and make sense of market trends.
  • WLFI unveils the USD1 Points Program with Gate.io, rewarding stablecoin holders for trading and engagement.
  • Points are distributed every day at 12:00 UTC, encouraging active participation and promoting stablecoin usage.
  • The lockbox system prepares for the September 1 token unlock, managing liquidity and market stability.

World Liberty Financial (WLFI) On August 25, it launched the USD1 Points Program together with Gate.io. The program provides incentives for trading and retaining stablecoins in USD1 as well as other activities.The move seeks to further fuel stablecoin adoption by offering more incentives to active users.

The program has a daily operation cycle with updates made to the trading volume and holdings at 8:00 UTC every day. The reward points are awarded every hour at 12:00 UTC, making them easy to accumulate. This capability is purposed to keep users interested and encourage their involvement in various financial aspects, such as trading and yielding products.

World Liberty Financial Unveils Lockbox and User Rewards

Gate.io has already implemented the first portion of user benefits and plans to add more in the future. The aim is to increase the usage of USD1, with the asset being marketed as a multi-purpose investment in the field of blockchain. This program is likely to boost participation and create awareness of USD1 in the market.

Also Read: Pudgy Penguins (PENGU) Eyes $0.1 Breakout as Bullish Flag Pattern Emerges

The Lockbox system was introduced by the WLFI on the same day. The system requires token holders to deposit WLFI tokens prior to the scheduled unlocking of those tokens on September 1. The mechanism was actually deployed by WLFI, which raised 2.26 billion dollars in its token offering, one of the largest in the year. The lockbox will be used to manage liquidity as well as prepare for the release of the token.

Upcoming Token Unlock Sparks Market Speculation

After the unlock, 20% of the WLFI presale tokens will be tradable. This decision was adopted by the WLFI community in a vote in July. The unlock will enable investors to possess these tokens, which might affect the price and the feasibility of the token in the market. With the unlock date coming closer, people are watching how WLFI will deal with these changes.

WLFI has received continued funding deals and listings despite criticism towards large-scale transfers and links to the Trump family. As the unlock nears, investors will watch the liquidity and the balance over the token price. 

The introduction of the USD1 Points Program and Lockbox system is a significant milestone in the process of World Liberty Financial increasing its presence in the cryptocurrency market. These actions are allowing WLFI to be a major player in the world of stablecoins.

Also Read: Japan Moves to Slash Crypto Taxes and Enforce Tougher Insider Trading Rules

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