World Liberty Financial's Bold Move: Burn 4.5B Tokens to Unlock 40.7B? Now That's What I Call Creative Accounting
World Liberty Financial is proposing to unlock a staggering 62.3 billion $WLFI governance tokens, with a twist that would make any crypto degen raise an eyebrow. The sheer audacity here deserves a slow clap.
Under the plan, the locked supply splits into two camps. Early supporters holding 17 billion $WLFI get a simple deal: 2-year cliff, followed by 2-year linear vest, keeping every single token. Clean. Respectful. Almost too reasonable, which usually means someone's about to pull a fast one.
Then there's everyone else—founders, team, advisors, and partners—sitting on 45.2 billion $WLFI. Their unlock comes with a catch: 2-year cliff, 3-year vest, plus 10% of their allocation (roughly 4.5 billion tokens) burned immediately upon passage. Ah yes, nothing says "aligned incentives" like setting your own tokens on fire before the unlock even begins.
Translation: insiders torch 4.5 billion tokens just to begin unlocking 40.7 billion that were previously locked down with zero vesting schedule attached. Those tokens had absolutely no path to liquidity before this proposal. It's financial alchemy—turning locked bags into unlocked bags by playing with fire. Poof, suddenly everything's "vested."
This comes less than a week after CoinDesk reported the Trump family-backed venture used 5 billion of its own tokens as collateral on lending platform Dolomite to borrow $75 million in stablecoins. Because apparently when your own token is
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