Trump-backed World Liberty proposes vesting overhaul for 62.3 billion tokens, would burn up to 10% of insider allocation

World Liberty Financial, a project backed by Trump, has proposed a significant overhaul of its governance token's vesting schedule. The plan involves converting 62.3 billion governance tokens from indefinite lockups to fixed vesting periods. Insiders who opt in will be required to permanently burn 10% of their allocation, amounting to 4.5 billion WLFI tokens. Founders, team members, advisors, and partners will face a two-year cliff followed by a three-year linear vest, with tokens unlocking starting in year two and fully distributed by year five. Early supporters will have a two-year cliff followed by a two-year linear vest, with tokens unlocking at year two and fully distributed by year four; no tokens are burned for this group. Tokens not accepted into the new schedule will remain locked indefinitely. This proposal comes as WLFI expands its ecosystem with a stablecoin and lending/borrowing features, and amid a public dispute with Tron founder Justin Sun, who alleged a hidden blacklisting function in WLFI's smart contract.

(Source：The Block)