TechFlow news, October 16 — World Liberty Financial, the cryptocurrency project associated with the Trump family, has updated the terms and conditions for its $WLFI token sale. The main points are as follows:
- $WLFI is solely for governance purposes and is not intended as an investment tool;
- The token does not confer any economic rights or ownership;
- All $WLFI tokens are currently indefinitely locked in wallets or smart contracts and are non-transferable;
- If transferability of $WLFI is to be unlocked in the future through a protocol governance process, the following conditions must be met: confirmation that applicable laws are not violated, and at least 12 months after completion of the token sale;
- Due to the non-transferable nature of the tokens, the company has not taken, and does not plan to take, any action to create a secondary market for the tokens;
- Tokens are non-refundable after purchase unless required by applicable law;
- WLF reserves the right to reject or cancel token purchase requests.
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