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World Liberty Financial's "Use 5% WLFI to Promote USD1" Proposal Sparks Controversy
BlockBeats News, December 20th, World Liberty Financial has proposed a new WLFI token expenditure plan, planning to use up to 5% of unlocked token reserves to advance its USD1 stablecoin partnership, but the proposal has sparked a debate within the community.
Some holders are concerned that the token expenditure may depress the price and harm the interests of the still approximately 80% locked WLFI token holders, while supporters believe that the incentive measures are beneficial for the long-term ecosystem value. World Liberty's past token sale raised about $550 million for the project, but the WLFI price has since dropped by around 60% from its peak. (DL News)
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