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,…
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