World Liberty Financial approves the WLFI burn proposal to support the price.

robot
Abstract generation in progress

The World Liberty Financial cryptocurrency project (WLFI), supported by American President Donald Trump, has passed a governance proposal to use 100% of the liquidity fees from the reserve fund to acquire and burn WLFI, in order to reduce supply and support price. The vote achieved 99.8% in favor, with only 0.06% against. WLFI will gather liquidity on Ethereum, BNB Chain, and Solana to buy tokens from the market, and then send them to the burn address.

However, the project has not disclosed the estimated creation fees, making it difficult to assess the actual impact. WLFI launched on September 1 but has fallen 40% in the first three days, despite burning 47 million tokens. To date, the price of WLFI has decreased by more than 28%, trading around 0.2223 USD. Some investors, like Andrew Tate, are suffering heavy losses, while the Trump family has benefited significantly, with total assets increasing by 1.3 billion USD thanks to WLFI and the American Bitcoin mining company (ABTC).

World Liberty Financial passes the WLFI burn proposal to support the price

WLFI0.81%
View Original
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)