Justin Sun called the voting in the Trump family's crypto project a scam. What is the essence.
The team associated with the Trump family crypto project initiated a vote that obliges investors to accept strict unlocking conditions under the threat of indefinite asset blocking.
The team behind the World Liberty Financial (WLFI) crypto project, linked to U.S. President Donald Trump, initiated a vote on April 15 for a new token distribution system. The proposal has caused discontent among many WLFI token holders, and blockchain network Tron founder Justin Sun described the initiative as "one of the most absurd scams in the governance system [of the crypto project through tokens]" that he has ever seen.
According to the governance proposal for the World Liberty Financial project, 17 billion WLFI tokens for early investors will transition to a schedule with a two-year cliff (a full blocking period) and subsequent two-year linear vesting. For founders, the team, and partners, the conditions include a two-year cliff and a subsequent three-year distribution, as well as the burning of 10% of the tokens. #WLFI $WLFI #news
The team associated with the Trump family crypto project initiated a vote that obliges investors to accept strict unlocking conditions under the threat of indefinite asset blocking.
The team behind the World Liberty Financial (WLFI) crypto project, linked to U.S. President Donald Trump, initiated a vote on April 15 for a new token distribution system. The proposal has caused discontent among many WLFI token holders, and blockchain network Tron founder Justin Sun described the initiative as "one of the most absurd scams in the governance system [of the crypto project through tokens]" that he has ever seen.
According to the governance proposal for the World Liberty Financial project, 17 billion WLFI tokens for early investors will transition to a schedule with a two-year cliff (a full blocking period) and subsequent two-year linear vesting. For founders, the team, and partners, the conditions include a two-year cliff and a subsequent three-year distribution, as well as the burning of 10% of the tokens. #WLFI $WLFI #news