PANews, September 4th news, the Trump family project World Liberty Financial (WLFI) clarified regarding the previous transaction stating "the vault wallet has destroyed 47 million WLFI": "There are some misunderstandings regarding the WLFI tokens unlocked in the Safe, and WLFI has no plans to sell these tokens on the public market. The allocation of this part of the tokens is solely determined by community governance voting - how to use them is decided by the community. The status of the vault tokens is as follows: 1. Initial quantity is 10 billion WLFI; 2. 47 million WLFI were destroyed yesterday (governance decision); 3. The current balance is 9.953 billion WLFI. All these tokens are subject to community governance rather than being decided by the team alone."
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The Trump family's project World Liberty Financial (WLFI) clarified misunderstandings regarding its token burning, emphasizing that the destruction of 47 million WLFI was decided by community governance and that it will not be sold on the public market. The current balance is 9.953 billion WLFI.
View OriginalReply0
cAwIIH
· 09-04 00:19
Destroying it doesn't mean it can't be created again. There is no cost to speak of.
WLFI clarification: The disposal method of the unlocked WLFI tokens in the treasury is solely determined by community governance voting.
PANews, September 4th news, the Trump family project World Liberty Financial (WLFI) clarified regarding the previous transaction stating "the vault wallet has destroyed 47 million WLFI": "There are some misunderstandings regarding the WLFI tokens unlocked in the Safe, and WLFI has no plans to sell these tokens on the public market. The allocation of this part of the tokens is solely determined by community governance voting - how to use them is decided by the community. The status of the vault tokens is as follows: 1. Initial quantity is 10 billion WLFI; 2. 47 million WLFI were destroyed yesterday (governance decision); 3. The current balance is 9.953 billion WLFI. All these tokens are subject to community governance rather than being decided by the team alone."