Trump Family’s WLFI Seeks to Unlock 62.3 Billion Tokens
Summary
- World Liberty Financial (WLFI) has published a governance proposal to unlock 62.3 billion tokens.
- Under the proposal, the 17 billion WLFI tokens held by early investors would vest over two years after a two-year lockup.
- Of the 45.2 billion WLFI tokens held by founders, the team, advisers and partners, about 4.5 billion would be burned, while the remaining roughly 40.7 billion would be subject to a two-year lockup and three-year vesting schedule.
Forecast Trend Report by Period
World Liberty Financial, the Trump family’s crypto project, is seeking to unlock 62.3 billion WLFI tokens.
CoinDesk reported on July 15 that the company had published a governance proposal to gradually unlock 62.3 billion WLFI tokens that do not have a separate vesting schedule.
Under the proposal, 17 billion WLFI tokens held by early investors would remain intact. Those tokens would be subject to a two-year lockup, followed by vesting over two years.
The 45.2 billion WLFI tokens held by founders, team members, advisers and partners would vest after a partial burn. About 4.5 billion tokens, equal to 10% of the total, would be burned immediately. The remaining roughly 40.7 billion tokens would be locked up for two years and then vest gradually over three years.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul