"The proposal affects 62,282,252,205 WLFI tokens, representing a majority of the project's roughly 100 billion total supply. Currently, an estimated 24% to 32% of tokens are circulating, leaving a substantial portion locked since launch."
"Under the plan, early supporters holding 17,043,666,558 WLFI would transition to a two-year cliff followed by two years of linear vesting, with no token burn and full allocation retained."
"Advisors, institutions, founders, and team members holding 45,238,585,647 WLFI would face stricter terms, including a two-year cliff, three-year vesting schedule, and a mandatory 10% burn upon opting in."
"Participation is not automatic. Token holders must opt in within a 10-day window following approval, or their tokens will remain locked indefinitely under the original terms."
World Liberty Financial proposed a structured vesting plan for 62,282,252,205 WLFI tokens, replacing indefinite lockups with vesting schedules. The plan includes a 10% burn mechanism, potentially destroying up to 4.5B tokens. Early supporters will have a two-year cliff followed by two years of linear vesting, while advisors and team members face stricter terms. Token holders must opt in within 10 days after approval to avoid indefinite lockup. The proposal aims to address governance issues by encouraging active participation among large token holders.
Read at news.bitcoin.com
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