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WLFI Governance Approves 4.52 Billion Token Burn and Long-Term Lockup

WLFI Governance Approves 4.52 Billion Token Burn and Long-Term Lockup

WLFI states that a proposal would immediately burn up to 4.52 billion tokens and move 62.28 billion locked WLFI into multi-year vesting schedules amid governance and transparency disputes.

SUN

Fact Check
The strongest usable evidence is the PANews article "WLFI提案将团队及早期支持者超622亿枚代币延长解锁并部分销毁 | PANews," which provides specific figures matching the claim: 62,282,252,205 locked tokens covered by the proposal, up to 4,523,858,565 WLFI eligible for burn, and multi-year vesting schedules for insiders and early supporters. This article explicitly cites the official WLFI X post at https://x.com/worldlibertyfi/status/2044391016103322028 as the original source, and the Odaily newsflash independently traces to the same post. The claim’s wording rounds the figures slightly, but the underlying numbers align closely. Confidence is not high because direct fetches of the X post failed, so the primary source could not be fully validated in this run.
    Reference: 12
Summary

WLFI has outlined a governance proposal that would immediately burn up to 4,523,858,565 WLFI if approved and place 62.28 billion locked tokens under revised vesting schedules. According to the governance page cited in the report, early supporters would keep their full allocation with no burn but face a two-year cliff followed by a two-year linear release, while founders, team members, advisers, institutions, and partners who opt in would be subject to a 10% burn and a two-year cliff followed by a three-year linear vest. Holders who do not accept the new terms would remain locked. The report says the proposal comes after months of pressure from buyers waiting for liquidity, criticism from Justin Sun over transparency and governance concentration, and claims that wallets linked to WLFI used billions of tokens as collateral to borrow about $75 million in stablecoins. The governance page also shows six prior proposals with participation ranging from 2.7 billion to 11.1 billion WLFI, while active voting on this plan has reached about 23% of the affected locked supply.

Terms & Concepts
  • Token burn: A process that permanently removes tokens from circulation, reducing the total supply.
  • Vesting: A timed release schedule that unlocks tokens gradually after a lockup or cliff period.
  • Governance: The system through which token holders vote on proposals affecting a crypto project’s rules, supply, or operations.