WLFI Faces Community Criticism Over USD1 Growth Proposal Passed by Team Wallets

Odaily News: A USD1 growth proposal from the Trump family-linked crypto project World Liberty Financial (WLFI) has passed a governance vote, but it has drawn community criticism as holders with locked WLFI tokens were unable to participate. On-chain voting data shows the largest votes in favor came from top wallets marked as associated with the team or strategic partners. The top nine wallets collectively accounted for approximately 59% of the total voting power, with the largest single wallet contributing 18.786%. It is reported that many community users believe some holders' WLFI tokens have been locked since TGE and cannot be unlocked for voting until the team permits. WLFI holders are not entitled to any protocol revenue. According to project documentation, 75% of net revenue is allocated to entities related to the Trump family, with the remaining 25% going to entities related to the Witkoff family. (Cointelegraph)