World Liberty Financial Token Launch — The TGE Numbers

World Liberty Financial’s WLF token launched this week with $220M raised across the public sale and a fully on-chain governance system that goes live immediately.

The TGE structure: 35% public sale, 25% team and advisors with vesting, 20% ecosystem and liquidity, 20% treasury reserve. Total fully-diluted valuation at launch was roughly $4.8B, with a circulating-supply market cap of $1.7B at the open. Governance proposals are now live and weighted by token-weighted voting.

For the broader stablecoin/protocol ecosystem, WLF’s launch matters because it’s the first major political-celebrity-affiliated DeFi project to actually ship a working governance system. Whether that translates into productive on-chain decision-making or becomes a memetic vehicle is the open question for the next two quarters.