Trump-backed World Liberty Financial races toward 62 billion token unlock with near-unanimous vote
World Liberty Financial is moving toward unlocking 62 billion tokens after receiving overwhelming support in a recent governance vote.Summary
World Liberty Financial (WLFI), a project backed by Donald Trump, is poised to unlock 62 billion WLFI tokens following a near-unanimous governance vote. The approved proposal mandates that founders and team members burn 10% of their holdings, with the remaining 40.7 billion tokens subject to a two-year cliff followed by a five-year vesting schedule. By establishing these clear supply metrics, the project aims to create a more predictable valuation structure. However, the vote also underscored governance concerns, as 99.5% support was driven by a concentrated group of large holders, with the top four wallets controlling approximately 40% of the voting power. Additionally, the project continues to face legal challenges from Justin Sun regarding frozen assets.
(Source：CoinDesk)