World Liberty Financial (WLFI), associated with former President Donald Trump, has announced a community-approved 100% buyback and burn program. Despite the current drop in altcoin prices due to selling pressure, this decision is set to directly decrease the coin’s supply. The process is expected to commence this week.
Buyback and Burn Mechanism Approved at World Liberty Financial
World Liberty Financial revealed that all transaction fees from liquidity pools on Ethereum 
$2,273, BNB Chain, and Solana 
$84 will now be used to buy WLFI from the market and permanently burn it. The proposal was presented to the community two weeks ago and passed with majority support, aiming to reduce the circulating supply.
The company stated that all operations could transparently be monitored within the Blockchain. The system is designed to lessen the coins held by short-term traders while enhancing the earnings of long-term investors. The announcement emphasized, “The more usage, the more fees are accumulated, and consequently, more WLFI is burned.”
World Liberty Financial plans to integrate the program with different income streams in the future, establishing buyback and coin burning as the core of its long-term strategy. Furthermore, Robinhood listing WLFI recently has coincided with the program announcement, reinforcing positive news flow.
Expectations of WLFI Coin’s Price
Experienced cryptocurrency analyst Captain Faibik noted a potential rise in WLFI of up to 25% before the community proposal’s approval. He suggested that price forecasts might further increase following the decision.
The WLFI coin’s price dropped to an all-time low of $0.18 at the beginning of September, marking a 60% loss from its peak. The newly introduced coin burning plan aims to contract the supply and support price stability for the altcoin.
World Liberty Financial is also focused on expanding its use cases. Co-founder Zak Folkman announced the introduction of a payment app connected to an Apple Pay-compatible bank card and the USD1 stablecoin. Additionally, the company has signed an agreement with South Korea’s second-largest exchange, Bithumb. With USD1 coin listed on Bithumb and Upbit, the company seeks to explore expansion opportunities within the country’s $72 billion cryptocurrency market.
