A high-stakes vote on World Liberty Financial’s proposal to unlock 62 billion WLFI tokens has seen overwhelming participation, with near-unanimous support in the first hours. Even as voting continues, the decision appears virtually assured. WLFI, known for its centralized structure, has become a closely watched project in the cryptocurrency arena lately.
62 billion WLFI tokens: a new roadmap
According to the new plan, the founding team, staff members, and business partners will first burn 4.5 billion WLFI tokens, equal to 10 percent of their holdings. The remaining 40.7 billion tokens will be kept off the market for two years, and then gradually released over the following five years as their lockup periods expire.
No tokens will enter circulation during the initial two years, helping long-term investors by providing more predictability. Previously, token release schedules were uncertain, but the updated roadmap clarifies the timelines, allowing investors to plan exit strategies with greater confidence.
Debate over governance and voting power
So far, 99.5 percent of the votes cast have been in favor of the proposal, signaling robust community consensus for the plan.
However, there are concerns about how voting power is distributed. Most of the participating wallets belong to large holders, with the single biggest wallet representing about 13 percent of all votes. Combined, the top four wallets account for around 40 percent of voting power, illustrating that a small group of large investors can be decisive in major decisions like this proposal.
The concentration of voting power among major investors has sparked debate about the inclusivity of project governance. Industry experts argue that such processes should be made fairer and more balanced.
Legal dispute involving Justin Sun
Amid these developments, WLFI has also made headlines thanks to a lawsuit from Justin Sun, the well-known founder of Tron. Sun alleges the project froze his tokens and stripped him of his voting rights within its governance system, accusations the WLFI management has firmly denied.
The ongoing legal proceedings have once again brought issues of transparency and trust in project management into focus, prompting investors to watch the situation carefully.
