Native token of World Liberty Financial (WLFI) is stable after the project community has massively approved a plan to direct all liquidity costs belonging to protocols to a buyout and burn mechanism.
The WLFI is negotiated almost $ 0.20, up 0.2% in the last 24 hours and 7.8% higher during the week, according to Coigecko data. The token has a market capitalization of $ 5.4 billion and daily negotiation volumes of approximately $ 480 million.
The Trump -affiliated token has been down approximately 35% since its launch.
The proposal, introduced late American Thursday, the workforce, 100% of the costs generated by the liquidity positions of WLFI on Ethereum, Binance Smart Chain and Solana for WLFI purchases on the open market which will be permanently burned. The plan is designed to reduce food in circulation and strengthen a deflationary story.
The vote shows an overwhelming consensus: more than 1.3 billion votes, or 99.48%, are in favor, with only 0.12% against. The participation rate reached 135% of the required quorum. The vote officially ends on September 19.
Supporters of the proposal argue that Binding burns to commercial activity creates alignment between the use of tokens and the long -term value.
The buyout and burn plan is now ready to pass, WLFI tries to move the development of early volatility investors to a long -term rarity model, similar to Ethereum.
