Original | Odaily Planet Daily ( @OdailyChina )

Author｜Azuma ( @azuma_eth )

There are only two days left until the Trump family's cryptocurrency project, World Liberty Financial (WLFI), officially welcomes its first unlock and opens for trading. However, many users still do not have a clear enough understanding of WLFI's economic model and circulation status, and are even unclear about the initial circulation amount of WLFI , making it difficult to formulate targeted trading strategies around the opening of WLFI.

The reason for this situation is that unlike other tokens whose token economic models have been clearly defined at the same time as TGE, WLFI adopts a "governance first" model, and the unlocking rules for most tokens have not yet been determined - it is expected that multiple rounds of community voting will be required to finalize the plan.

As of the time of writing, we have little information available on the token economics model.

One is the token distribution plan disclosed by WLFI in the “Golden Book”, which is as follows:

Total supply: 100 billion WLFI;

Token sales: 33.9 billion (33.893%);

Community growth and incentives: 32.6 billion (32.6%);

Co-founder: 30 billion (30%);

Team and advisors: 3.5 billion (3.507%);

The second is the initial unlocking rules announced by WLFI on August 23rd: only the token shares of early pre-sale users will be unlocked at the initial opening of WLFI. Specifically, 20% of the WLFI purchased by each address in the $0.015 and $0.05 rounds will be unlocked, and the unlocking plan for the remaining 80% will still be determined by the community through governance voting. The token shares of founders, team, advisors, and partners remain locked and will not be included in the initial unlocking.

In short, to answer the question of WLFI's initial circulation rate, we don't need to consider other types of shares at all. We only need to track the token shares of early supporters who participated in the $0.015 and $0.05 fundraising rounds. Fortunately, there are traces of this data in the WLFI contract.

Tokenomist, a token economic model analysis agency, published an article on X last night stating that WLFI has encoded 18 attribution categories in its smart contract ( https://etherscan.io/address/0x4f61A99e42e21eA3c3EaF9B1b30Fb80A7900d3ce ), but currently only one category ( https://etherscan.io/address/0x74B4f6A2E579D730aAcb9dD23cfbbAEb95029583#code ) has complete metadata, and the specific attribution details of the remaining 17 categories are still unclear.

This user category with clear metadata is the early pre-sale user share recorded by WLFI, with a total amount of approximately 18.43 billion . As to why the data is 18.43 billion, rather than the total sales of 25 billion from two pre-sale rounds, the Chinese-language on-chain analyst "CryptoNyaRu" (@CryptoNyaRu) has made a more detailed analysis of this, that is, 6.57 billion of the 25 billion were not included. For details, please click on the original link to watch: https://x.com/CryptoNyaRu/status/1959999708086321439

The WLFI ecological lottery project WLFI Winner has made a clearer visualization chart of the token shares in this category and other categories, as detailed below.

Odaily Note: The number of token shares in different categories, of which only 20% of the first category will be unlocked at the beginning of circulation.

Odaily Note: In the first category, the distribution of addresses with different holding sizes.

So far, the initial circulation of WLFI seems to be very clear. The maximum initial circulation volume is 184.3 * 20% = 3.69 billion, accounting for about 3.69% of the total supply of WLFI, but in fact this is not over yet.

For the initial unlocking process, WLFI uses a "lockbox" mechanism . Even early pre-sale users who meet the initial unlocking requirements must sign the unlocking agreement and proceed with the unlocking process. After completing this process, all relevant WLFI will be transferred to a separate unlocking contract ( https://etherscan.io/address/0x74B4f6A2E579D730aAcb9dD23cfbbAEb95029583#readProxyContract ).

As shown in the figure above, the current amount of WLFI deposited in the "lock box" contract is approximately 15.703 billion. This number represents the total holdings of early pre-sale users who have executed the unlocking process, that is, the base number of shares that will eventually be unlocked on September 1st. Based on this base number, the initial circulation of WLFI will be 157.03 * 20% = 3.14 billion, accounting for approximately 3.14% of the total supply of WLFI.

Taking into account that more users will execute the unlocking process in the next two days, the final initial circulation ratio of WLFI is expected to be between 3.14% and 3.69%, corresponding to an initial circulation volume of approximately 3.14 billion to 3.69 billion tokens.

As of the time of writing, WLFI's pre-market contract on Binance is temporarily reported at 0.2681 USDT. Based on the initial circulation volume of the above tokens, the initial circulating market value is approximately between US$841.8 million and US$989 million.

The above is only an analysis of the initial circulation status of WLFI. As for how to operate after the opening, you may wish to refer to our earlier article " WLFI cut in half before the opening. Will it reach its peak on September 1st or will it plummet? "