The governance of World Liberty Financial, a decentralized finance project linked to US President Donald Trump and his family, has overwhelmingly approved a proposal to deflation the WLFI token.
This measure allocates 100% of the liquidity fees generated by the project’s treasury to open market buybacks and permanent token burning, reducing circulating supply. This decision It aims to counter asset volatility and received support from 99.8% of the votes cast, with just 0.06% against..
Since approval last September, 47 million WLFI have been burned. “This program will remove from circulation tokens held by participants who are not committed to WLFI’s long-term growth and direction, effectively increasing the relative weight of committed long-term holders,” the approved proposal explains.
World Liberty Financial has indicated that it is considering expanding the program to add revenue streams for the protocol over time, with the goal of gradually increasing the size of WLFI buybacks and burns as the ecosystem grows.
This approval comes after the community was enabled to transfer and negotiate the WLFI last July. When users vote for this featurehas been approved for official commercialization.
As reported by CriptoNoticias, the token debuted on the Bitcoin (BTC) and Binance crypto exchanges on September 1, but the price has been on a downward trend since its launch. last month, WLFI fell 40% from $0.22 to $0.13.as seen in the following graph.
Anti-deflation measures may be advantageous for WLFI price increases. As long as there is sufficient demand to absorb the decrease in supply. The program has the potential to remove millions of tokens per year depending on trading volume, but the exact impact will depend on the adoption of the digital asset.
(Tag translation) Altcoin
