coin mar - WLFI Proposes 4.5 Billion Token Burn in Major Governance Reset
In a big move to rebuild trust and strengthen its long-term outlook, World Liberty Financial (WLFI) has introduced a new governance proposal that could change how its tokens are managed.Advertisement
The plan covers a huge 62.28 billion WLFI tokens and includes stricter lockups, updated vesting schedules, and a potential burn of over 4.5 billion tokens.
Stronger Lockups for Founders and Team
The biggest change affects insiders like founders, team members, advisors, and partners.
If the proposal is approved:
- Around 45.24 billion tokens will be locked for 2 years (cliff period)
- After that, tokens will be released slowly over 3 years
- A 10% token burn will apply when they opt in, removing up to 4.52 billion tokens permanently
This means insiders will have to stay committed to the project for the long run instead of exiting early.
Easier Terms for Early Supporters
For early supporters holding 17.04 billion tokens, the terms are slightly more flexible:
- A 2-year lockup period
- Followed by a 2-year gradual release
- No token burn, so they keep all their tokens
However, holders must agree to these new terms. If they don’t opt in, their tokens will stay locked indefinitely.
Tensions Rise With Justin Sun
This proposal comes at a time when WLFI is already under pressure. A public dispute has emerged between the platform and Justin Sun, the founder of Tron and a former investor in WLFI.
Sun claims that his accounts on WLFI have been frozen without proper explanation. He has made serious allegations against the platform, suggesting that users were not fully informed about how the system works.
According to Sun, WLFI included a hidden “backdoor” function in its smart contract that allows tokens to be locked.
“What was never disclosed to me or any other investor is that World Liberty built a backdoor locking function into the smart contract used to issue WLFI tokens. This is the opposite of decentralization. This is a trapdoor being marketed as an open door,” Sun said.
Both sides have now spoken publicly, and the dispute could move toward legal action.
TagsCrypto newsShow MoreWas this writing helpful?
Tell us why!
Share this insight with your network!FacebookXLinkedInTumblrPinterestWhatsAppStory Ends HereNext Article :XRP Price Breakout Next Week? Fractal Analysis Points to $40 Target Before End of May
Previous Article :Bitcoin Targets $80,000, Ethereum Eyes $2,700 and XRP Could Hit $1.55 Says Chart Analyst
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
This detailed match analysis covers key moments, player performances, and tactical insights.
Key Statistics
Possession: 55% - 45%
Shots on target: 6 - 3
Pass accuracy: 88% - 82%
Corners: 5 - 2
Player Ratings
- Home MVP: John Doe (9.2)
- Away MVP: James Smith (8.7)
Post-Match Analysis
The manager praised the team's resilience after coming from behind. "We showed great character," he said.
This win moves them to the top of the league table with 45 points.