In a major move to rebuild trust and strengthen long-term prospects, World Liberty Financial (WLFI) has put forward a new governance proposal that could change the way it manages its tokens.

This plan includes a large amount of 62.28 billion WLFI tokens and includes stricter lockup terms, an updated allocation schedule, and the ability to burn over 4.5 billion tokens.

Stronger Security Measures for Founders and Teams

The biggest change affects insiders such as founders, team members, advisors, and partners.

If the proposal is approved:

  • About 45.24 billion tokens will be locked for 2 years (waiting period).

  • After that, tokens will be gradually released over 3 years.

  • When users choose to participate, 10% of the tokens will be burned, resulting in the permanent removal of up to 4.52 billion tokens.

This means that insiders will have to stick with the project for the long term instead of withdrawing early.

Easier Terms for Early Supporters

For early supporters holding 17.04 billion tokens, the terms will be a bit more flexible:

  • 2-year lock-up period

  • Next is the gradual release process over 2 years.

  • No need to burn tokens, so they keep all their tokens.

However, token holders must agree to these new terms. If they do not accept, their tokens will be locked indefinitely.

This proposal was made at a time when WLFI is under pressure. A public dispute has arisen between this platform and Justin Sun, the founder of Tron and a former investor in WLFI.

Sun claims that his account on WLFI has been frozen without adequate explanation. He made serious allegations against the platform, claiming that users were not fully informed about how the system operates.

According to Sun, WLFI has installed a hidden "backdoor" function in its smart contract, allowing tokens to be locked.

"What I or any other investor had never been told is that World Liberty has installed a backdoor function in the smart contract used to issue WLFI tokens. This contradicts the principle of decentralization. This is a trap marketed as an open door," Sun said.

Both sides have now spoken publicly, and the dispute may progress to litigation.