World Liberty Financial’s proposal to unlock $62 billion $WLFI The token is already on track to pass, with early voting exceeding a quorum and resulting in near-unanimous support.
The plan would see founders, team members and partners burn 10% of their stock, or about $4.5 billion. $WLFIafter a two-year cliff, will begin to unlock the remaining 40.7 billion tokens on a five-year schedule.
Due to the cliff period, the tokens will not be available on the market for at least two years. This change represents a structural shift in how we do things. $WLFI will be evaluated, replacing open-ended lockups with predictable future supply and creating a clearer exit path for holders who previously had none.
The move appears to have near-unanimous support, with 99.5% voting yes.
This vote also $WLFIgovernance.
Participation levels are consistent with previous proposals and suggest that a relatively small group of large holders can push through major tokenomic changes with limited opposition.
Voting rights are highly concentrated in a small group of large shareholders. The largest wallet alone accounts for about 13% of the total votes, and the top four together currently control about 40% of the total voting power, enough on their own to significantly influence the outcome.
$WLFI The company also faces a lawsuit from Tron founder Justin Sun, who claims the project froze his tokens and stripped him of his governance rights, claims the company denies.
