The proposal seeks to create more value for long-term WLFI tokenholders, while exploring additional protocol revenue sources for token buybacks.
Donald Trump-backed crypto project World Liberty Financial has passed a governance proposal to reduce the supply and boost the value of its native cryptocurrency following its disappointing price performance since launch.
On Thursday, the Trump family-backed platform passed a governance vote that seeks to use 100% of the project’s treasury’s liquidity fees for World Liberty Financial (WLFI) token buybacks and burns, meaning permanently removing the tokens from circulation.
The vote passed with a 99.8% majority, while only 0.06% of the community voted against the proposal, which will serve as the “foundation” of the platform’s token buyback strategy, according to data from WorldLibertyFinancial.com.
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