World Liberty Financial Proposes New Token Unlock and Burn Plan
- World Liberty Financial has proposed a governance plan affecting 62.28 billion locked WLFI tokens with new multiyear vesting schedules.
- The proposal includes a two-year cliff followed by a linear vesting period for early supporters, while founder and team allocations face a longer three-year vesting if they opt in.
- Up to 4.52 billion WLFI tokens (10% of allocations) may be burned as part of the plan, aimed at addressing liquidity concerns.
- This initiative follows criticism from investors regarding prolonged lockups and limited token liquidity.
- Tron founder Justin Sun has raised transparency issues, claiming previous governance votes lacked meaningful participation.
The governance proposal aims to alleviate pressure from WLFI token holders amid scrutiny over the platform’s decision-making processes and treasury activities. The plan intends to formalize a phased unlock approach while managing supply effectively.
With the potential burn of up to 4.52 billion WLFI tokens, this proposal seeks to enhance liquidity and address investor concerns following recent market performance issues.(Source)
