WLFI token unlock governance proposal opens for a 7-day limited voting period

According to Odaily, World Liberty Financial has initiated a governance proposal vote regarding token unlocking, involving 62,282,252,205 locked WLFI tokens. According to the proposal, if passed, these tokens will not enter the market for at least two years.

The proposal states that up to 45.2 billion WLFI held by the founding team, advisors, and partners will be converted to a 2-year lockup period plus 3-year linear unlocking, along with the possible burning of up to about 4.5 billion tokens. For early supporters, approximately 17 billion locked tokens are planned to be converted to a 2-year lockup plus 2-year linear unlocking. The voting period for the proposal is 7 days, and the quorum threshold is 1 billion WLFI.