World Liberty Financial WLFI Token Unlock Proposal Passes with 99.9% Support, 4.52B Tokens to Be Burned

WLFI0.20%

According to World Liberty Financial, a governance proposal to unlock 62.2 billion WLFI tokens ended today (May 7) with overwhelming community approval. The vote reached 99.9% in favor with 11.2 billion WLFI supporting the proposal, compared to only 11.2 million WLFI in opposition, exceeding the required 1 billion WLFI threshold by approximately 11 times.

Under the restructured vesting scheme, 17.04 billion WLFI from early backers will be retained and distributed over four years. For the founding team, advisors, and business partners' 45.23 billion WLFI, approximately 4.52 billion tokens will be permanently burned, while the remaining 40.7 billion WLFI will be released after a two-year lock-up period spread over five years.

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