Non-Transferable Votes

General
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The gold paper states below:

1. Purpose and Use of Tokens

Use for Governance Only. The sole utility of holding $WLFI is governance, and not for any investment. As a Token holder, you’ll have the power to propose and vote on proposals that will help to shape the future of the World Liberty Financial Protocol (the “WLF Protocol”). This includes decisions on marketing initiatives, future functionality, and more, as described further in the World Liberty Financial Gold Paper (the “Gold Paper”). $WLFI will be functional for its stated utility as governance tokens at time of the Token Sale.

No Economic Rights. The Tokens do not confer any rights, express or implied, other than the right to use the Token as a means to participate in governance of the WLF Protocol through the WLF Governance Platform. In particular, you understand and accept that the Token does not represent or confer any ownership right or stake, share or security or equivalent rights, or any right to receive any distribution, revenue share, additional tokens, intellectual property rights or any other form of participation in or relating to the WLF Protocol, and/or the Company and its corporate affiliates, other than rights to use for governance relating to the WLF Protocol, subject to limitations and conditions in these Terms and applicable WLF Protocol Terms and Policies (as defined below).

Non-Transferable. All $WLFI will be non-transferable and locked indefinitely in a wallet or smart contract. You should think of your purchase of Tokens like other non-refundable purchases of goods and services and accept the risk that once you’ve paid the purchase price, your interest in the Token may decline and you have no expectation of resale of the Token. Any purported transfer in violations of transfer restrictions will be null and void by the Company, and the Company reserves the right to take action against any purported transfers. If transferability of $WLFI is sought to be unlocked in the future through protocol governance procedures, such unlock would only be permitted if determined not to contravene applicable law, which in any case would be more than 12 months after completion of the Token Sale. You should assume that the Tokens are non-transferable indefinitely. As the Tokens are non-transferable, the Company has not taken any action to, and has no plans to, create a secondary market for the Tokens.

The $WLFI Token and WLF Governance Platform are distinct from WLF Protocol. The Token does not provide any economic or other rights with respect to the WLF Protocol or otherwise. As a result, you will not have any rights to any fees generated by the WLF Protocol or earned by the Company. You should not purchase the Tokens with an expectation of Tokens increasing (or not decreasing) in value as a result of any future functionality or the success or failure of the WLF Protocol. You are not required to be a Token holder to use the WLF Protocol, but only Token holders can participate in the WLF Governance Platform. Use of the WLF Protocol is subject to terms of use of the WLF Protocol and include other disclosures relevant to users of the WLF Protocol.

The Tokens are not intended to be a digital currency, security, derivative, transferable crypto asset or any other kind of financial instrument, but you should be aware that the application of legacy financial and other regulation to new technology like the Tokens is uncertain and carries risk. The Tokens cannot be transferred or sold in exchange for money or other assets (including crypto assets) and cannot be used to acquire goods or services from any party.

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This weens out all the pump-and-dump chumps who are only here to try to make a quick buck and let the project go down the toilet. Anyone who hasn’t done research on the fact the token is non-transferrable is too low IQ to worry about. It was plastered all over the place as non-transferrable to start and no-where was it advertised as sellable.

Just what Trump needs 3 weeks before an election – the SEC coming after him for securities fraud or some nonsense. Once regulations are more clear and the platform is more fleshed out, the ability to transfer tokens can be discussed. I’m sure the insiders have the same idea in mind. They can’t sell their tokens either – they gain nothing from keeping them non-transferrable forever. You can either be here for the potential ride, or not. Don’t invest if you don’t like a bit of risk. Don’t invest more than you can afford to lose.

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:100: Those terms are necessary … today.

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bro this kind of talk is so patronizing just save it. I have been in crypto since 2007. The loss of investment or not getting rich quick is not the point at all. Its the optics of this whole operation right before an election.

The idea it was plastered everywhere is ridiculous haha but crack on with that. Believe me this won’t be the last post here about this topic hahahaha And that is what actually bothers me, has trump put his name on something potentially scammy right before the election…

Just as his social media stock is tanking…

The boys on the x spaces yesterday were talking about how this will bring crypto to the farmers :rofl:

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I see the vision… but it does stink of cope. 4d chess i guess. GLHF.

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Don’t say you’ve been in crypto since 2007 then say I’m being “patronizing.” Are you rich? If not, then shush child. If you are, don’t you have better things to do with your time than trolling online?

$DJT being low is because X was purchased by Elon and Truth Social is still building out their media platform – Truth has also nowhere near the reach of X or Facebook. It’s in early stages but has came a long way. Either way, it’s completely unrelated to $WLFI.

This project isn’t really even related to Donald Trump – it’s a way to keep the US dollar as the global reserve currency while being decentralized and not a CBDC. We’ll see if anything comes from the fed after the election – but for now, they’ll keep printing money.

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i meant 2017 mate, shush child is wild :rofl:

‘This project isn’t really even related to Donald Trump – it’s a way to keep the US dollar as the global reserve currency while being decentralized and not a CBDC.’

Ok bro.

As for DJT I assume you weren’t following them halting it today as its down 13%.

Like I say if you think people are reading the gold paper lol and arent just buying tokens because Don is tweeting about it you are delusional. Or a shill, which is calm.

I’m down for some cope its been a minute tbh. Getting Qanon vibes.

I genuinely cannot wait to hear what we are voting on lol

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Anyone mentioning QAnon is a :clown_face:, so I’m hoping you’re referencing it as satire. Would make sense that you’re spreading FUD and mentioning QAnon, considering this is an anon forum.

$DJT is a meme stock, just another way for institutions to invest in Trump indirectly. Many things will depend on how the election goes.

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Why you gotta be toxic though, so boring. We could of been WLFI bro’s.

I mentioned Qanon because of the level of cope that was required to keep going with it.

I am down to kiss and make up when you are brother. I see the vision now, we are saving the dollar, fighting the fed, this project has nothing to do with Trump, DJT is a meme coin, if you arent rich then SHUSH!

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I’m not toxic, you’re just a troll. I don’t care if you’re rich or poor, you’ve just made a very FUD-filled thread with what appears to be an intention to troll. I don’t feel like participating in this thread anymore.

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bro how can it be fud when the tokens have no financial value! :rofl:

I am not trolling, I am most likely the largest WLFI Hodler!

I thought we were all buying a Trump memecoin, now I have to read about how we are saving the dollar and shit

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Bait
Bait625×626 28.2 KB

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I came here for this very discussion. At least the part before the bickering broke out. I did read the Gold Paper, and I’m scratching my head. What is my incentive to invest both time and treasure in this venture if there is no path to benefitting from its success? I want to support it but I kind of feel like I’m donating to charity for the privilege of then working for free. What is the angle?

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Cuál es el propósito de esto?? Donar dinero?

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See my original reply above. If the token were transferrable today, outside forces would be working in over-time to prevent the project from succeeding. See what happened with Terra Luna, and how the token-swapping mechanism was exploited by whales to blow-up the stablecoin (UST) & governance (LUNC) token.

Starting with the token locked is the only way for the project to gain traction and be sustainable in the long term. If the token is never made transferrable, then the insiders can never benefit. Either way, governance proposals in the future can potentially lead to it becoming transferrable. Saying that it isn’t possible is FUD. No one can see the future and know for sure, and to assume one way or the other with certainty is straight up gambling. If you don’t trust the insiders, don’t invest. If you don’t trust Trump, don’t invest. Call it high risk gamble if you want. I assume the insiders want to build a good platform.

Folks are free to make up their own mind, but saying the project is a scam or that “the token will never be transferrable” is an assumption and FUD.

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Y cómo votamos para esto?

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Se trata de un lenguaje jurídico estándar que implica que deben pasar al menos 12 meses antes de que pueda realizarse una votación. Si Trump gana, significaría que tendría más de un año para aclarar las reglas. Trump ha dicho que despediría a Gary Gensler el primer día.

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Mate on the link you gave me it says literally… “assume that the token will never be transferable”
Its not an assumption or FUD its precisely what it said.

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Totally agree, we should start a WLFI Union!

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Kinda seems like maybe that is the whole idea, lol. I appreciate the insights here. It is really hard to imagine that there won’t ever be a path to profiting from supporting the project, but they just really go out of their way to say “Hey! There won’t be a path to profiting!” I think I’ll get in, I want to be involved and it wouldn’t be the first investment I ever had go bad lol. Don’t invest what you can’t afford to lose :man_shrugging:t2:

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