WLFI related to Trump transfers a proposal to buy tokens

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The US-Donald Trump President, who is the Cryptographic project of World Liberty Financial, adopted a management proposal to reduce supply and raise the value of his native cryptocurrency at a disappointing price since launching.

On Thursday, that the Trump’s family platform adopted a vote in which it aims to apply 100% liquidity fees for the liquidity of the project treasury for the purchase and burns of the World Liberty Financial (WLFI) tokens, which means permanently removing tokens from circulatory.

Voting passed 99.8% by a majority, while only 0.06% of the community voted against this proposal, which will serve as the “foundation” of the strategy of buying out tokens of the platform, According to For data from worldliberfinaninal.com.

Similar mechanisms are aimed at reducing the circulating supply to the token and increasing demand by buying out.

“This program removes tokens from circulation in the possession of participants who are not involved in the long -term growth and direction of WLFI, effectively increasing the relative weight for the long -term owners involved,” the management proposal said.

A proposal to apply 100% of WLFI liquidity fees for buying and burns. Source: Worldliberfinaninal.com

After the proposal, WLFI will collect its liquidity positions in Ethereum, BNB Chain and Solana, which will be used to buy back WLFI tokens on the open market. The purchased tokens are sent to the burn address for indefinite removal from circulation.

However, the proposal still has no estimates of the number of fees generated by the platform, which makes it complex to estimate the potential impact on the redemption market.

Voting in the field of management was adopted almost three weeks after the official launch of the WLFI tokena on September 1, which caused a decrease in a price of 40% within the first three days of launch, causing millions of dollars to lose losses for whales, CointeleGraph informed on September 4.

The decrease occurred despite the fact that the WLFI platform burned 47 million tokens on September 3, which could not stop the decrease in the token after launching.

WLFI/USD, chart of all time. Source: Coinmarketcap

The WLFI token fell by more than 28% since the premiere and traded $ 0.2223 at the time of writing, Coinmarketcap The data show.

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WLFI to examine additional sources of revenues from the tokens purchase protocol

The management proposal means the “foundation” of a continuous strategy for buying a project.

WLFI will also examine additional sources of revenues from protocols to raise the scale of WLFI purchase and burns.

Cointelegraph contacted WLFI to learn more about additional sources of revenues from the protocol and the potential size of the first purchase of the token, but he did not receive an answer by the publication.

Related: A 40% decrease in Trump associated with Trump causes millions of losses for Crypto Whales: Finance defined

Former kickboxing master and a controversial influence on investors who lost the WLFI token. Tate realized $ 67,000 in his long WLFI position on a decentralized exchange hyperlik, because his cumulative losses approached $ 700,000 on his account, Cointelegraph informed on September 2.

Source: Lookonchain

Despite this, the cryptographic undertaking turns out to be lucrative for the Trump family, in which the collective wealth increased by $ 1.3 billion in the week preceding September 7, along with the commercial debut of the American Bitcoin (ABTC) mining company and profits from the WLFI platform.

https://www.youtube.com/watch?v=3Deyenench-2is

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