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Home»Cryptocurrency & Free Speech Finance»WLFI races toward 62 billion token unlock with near-unanimous vote
Cryptocurrency & Free Speech Finance

WLFI races toward 62 billion token unlock with near-unanimous vote

News RoomBy News Room3 hours agoNo Comments2 Mins Read1,692 Views
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WLFI races toward 62 billion token unlock with near-unanimous vote
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World Liberty Financial’s proposal to unlock 62 billion WLFI tokens is already set to pass, with early votes blowing past quorum and delivering near-unanimous support.

Under the plan, founders, team members, and partners would burn 10% of their holdings, roughly 4.5 billion WLFI, to begin unlocking the remaining 40.7 billion tokens over a five-year schedule following a two-year cliff.

No tokens would reach the market for at least two years due to cliff periods. The shift marks a structural change in how WLFI is valued, replacing open-ended lockups with predictable future supply and creating a clearer exit path for holders who previously had none.

This move seems to have near-unanimous support, with 99.5% voting in favor.

The vote also highlights the structure of WLFI’s governance.

Participation levels align with prior proposals, suggesting that a relatively small group of large holders can push through major tokenomic changes with limited opposition.

Voting power is heavily concentrated among a small group of large holders. The largest wallet alone accounts for nearly 13% of votes cast, and the top four together control roughly 40% of total voting power so far, enough to heavily influence the outcome on their own.

WLFI also faces a lawsuit from Tron founder Justin Sun, who alleges the project froze his tokens and stripped his governance rights, claims the company has denied.

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Not because of any logistical mess-up, but because the Zambian government clearly didn’t want us there. I’m going to call their intervention out for what it is – censorship. Each year, Access Now carefully choose where they host RightsCon. In 2025 it was in Taipei in Taiwan. While staging the conference there was not without its complications (some were unable to attend following the withdrawal of USAID), the event was still buzzing; rich, rewarding conversations and connections flowed. This year Access Now wanted the conference to be more accessible to people from the Global South. Zambia was chosen for this reason and likely too because in Africa it’s known as one of the more stable countries. That calculation appeared to pay off. Last week the Zambian government issued a statement welcoming the event. Then came the U-turn. 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Consider too the “broader public interest considerations”. Let’s get real. RightsCon is an event for nerds and wonks, the opposite of a rowdy crowd. Besides, wouldn’t the thousands of travellers to Lusaka be good for the hospitality industry, part of any sensible “broader public interest consideration”? The reasons given smell bad because they are. RightsCon have now formally cancelled the event. They’ve said that they “do not recommend registered participants travel to Lusaka for RightsCon.” I’m reading this as a warning – it’s not safe. I was looking forward to visiting Zambia and getting under the belly of the country or at least trying to. UNESCO, capitalising on the crowd that would be gathered there, also planned their annual World Press Freedom Day Global conference to happen just before RightsCon in Lusaka. I was part of events at both, alongside a separate workshop on encryption. I was excited to connect with people from last year’s RightsCon and to meet new ones. Solidarity is essential and especially right now, with the connections made at conferences like these invaluable. I was buoyed by the prospect of all the knowledge-sharing and to hear stories that resonate more when said to someone’s face rather than in pixelated form. There’s a reason these events have gone back to being predominantly in-person. I feel sorry for the Access Now team who would have spent months working on the programme. I feel bad for the attendees from Zambia and nearby countries who RightsCon was hoping to support. I feel guilty for the hotels and restaurants which went from being fully booked to available. Mostly of all I feel very sad about all the conversations that should have happened and now won’t. Hopefully RightsCon will be back with a bang next year. But nothing can or will fill the hole this year’s cancellation has left. READ MORE

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