Tron (CRYPTO: TRX) founder Justin Sun criticized a new governance proposal by Trump family-backed World Liberty Financial (WLFI) on Wednesday, deeming it a “power consolidation and property expropriation operation.”

Details Of Proposal

The proposal’s terms include a 2-year cliff and a 3-year linear vest for all 45.24 billion WLFI tokens held by advisors, institutions, partners, founders and team members. This means that tokens will begin to unlock in year 2 and will be fully distributed by year 5.

Upon passage, 10% of this allocation, up to 4.52 billion, will be burned and permanently removed from the token supply.

Early supporters, meanwhile, will have a shorter vesting schedule,…

Read more on Benzinga