"'Trump family' World Liberty grants team access rights to $5 million stakers"

Source
Minseung Kang

Summary

  • WLFI said it approved, via a governance vote, the introduction of a three-tier staking structure, passing with 99.12% in favor.
  • It said the Super Node tier provides guaranteed direct access to the project team for those staking about 50 million WLFI (about $5 million).
  • WLFI said it is considering allocating economic value to long-term participants, seeking approval for a national trust bank, tokenization of real estate and oil and gas assets, and establishing a publicly listed company that holds WLFI tokens.

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World Liberty Financial (WLFI), the crypto-asset project backed by US President Donald Trump’s family, has approved a proposal to grant large-scale staking investors the right to directly contact the project team.

According to crypto media outlet CoinDesk on the 16th, WLFI governance token holders recently approved the introduction of a three-tier staking structure through a vote. A total of 1,800 people participated, and the measure passed with 99.12% in favor.

Under the proposal, privileges are differentiated based on the amount of WLFI tokens staked.

The base tier requires users to lock up tokens for 180 days to participate in governance voting. The second tier, the node tier, requires staking about 10 million WLFI (worth about $1 million) and provides the right to swap stablecoins 1:1 into WLFI’s stablecoin USD1 through a licensed market maker.

The top tier, the “Super Node,” requires staking about 50 million WLFI (worth about $5 million) and provides “guaranteed direct access” for discussions on collaboration with the project team.

WLFI said the purpose of the system is to allocate more economic value to long-term participants.

WLFI spokesperson David Wachsman told Reuters that “guaranteed direct access does not mean access to any particular founder; it refers to contact with the business development team and management, and it does not guarantee an actual partnership.”

Meanwhile, WLFI is pursuing approval to establish a national trust bank via the US Office of the Comptroller of the Currency (OCC), and is also said to be considering tokenization businesses involving real estate and oil and gas assets. It is also reviewing a plan to set up a publicly listed company that holds WLFI tokens.

Minseung Kang

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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