The Donald Trump-backed World Liberty Financial (WLFI) token has started trading, but questions linger about its unlock schedule and supported exchanges, amidst a wave of imitations. WLFI serves as the governance token for the DeFi platform, with a total supply of 24.66 billion tokens, distributed among various entities and the public.

Binance is the first major exchange to list WLFI, offering trading pairs with USDC and USDT. Bybit, Bitget, and KuCoin also support trading. Coinbase will soon enable trading on the Ethereum network. However, the influx of WLFI scams poses a threat, with look-alike smart contracts deceiving investors.

To avoid scams, verify the correct WLFI smart contract addresses on Ethereum, BNB Smart Chain, and Solana. Be cautious of social media scams, and only trust updates from the official “worldlibertyfi” account on X. Following its launch, WLFI displayed volatility, debuting with a market capitalization of $6.4 billion and climbing 14% to $0.26 amidst surging trading volumes.

Read more at Cointelegraph: Exchanges, Supply and Scam Warnings