WLFI has proposed extending the unlocking period and partially burning over 62.2 billion tokens held by the team and early supporters.

PANews reported on April 15th that WLFI submitted a proposal on its governance forum to adjust the total of 62,282,252,205 locked WLFI tokens to a longer-term unlocking arrangement. Under the proposed plan, the 45,238,585,647 WLFI locked by advisors, institutions, partners, founders, and the team will be uniformly changed to a 2- year cliff unlocking + 3- year linear release if they choose to participate, with 10% being forcibly burned upon choosing to join, up to a maximum of 4,523,858,565 WLFI being burned. The 17,043,666,558 WLFI locked by early supporters will be changed to a 2- year cliff unlocking + 2- year linear release with no burning. Addresses that do not actively accept the new arrangement will continue to be locked indefinitely under the existing terms.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
BTC fell below $62,000, down 0.19% on the day.
PANews Newsflash