US President Donald Trump and his family's cryptocurrency project, World Liberty Financial (WLFI), opened for spot trading yesterday. However, although the WLFI token rose to $0.47 on Binance when it was first opened for trading, this did not last long and fell to $0.33. The decline continued as early investors who bought WLFI moved millions of dollars worth of WLFI tokens onto exchanges. WLFI fell to $0.23 due to sales, while trading volume rose from approximately $259 million at launch to $2.5 billion. As the WLFI price experienced large fluctuations on its first day, the WLFI team submitted a proposal suggesting using all liquidity fees for buybacks and burns. Accordingly, the WLFI team has submitted a proposal that 100% of all fees generated from the protocol's liquidity will be used to buy back and permanently burn WLFI tokens. “This program effectively increases the relative weight of participants who demonstrate long-term commitment by removing from circulation tokens held by participants who are not committed to the long-term growth and direction of the WLFI,” the proposal stated. The proposal envisions fees collected from WLFI's liquidity positions on Ethereum (ETH), Solana (SOL), and Binance Smart Chain being used to buy back WLFI tokens on the open market. These tokens will then be sent to a burn address and removed from circulation. The team also added that all burns will be recorded on-chain and reported to the community for transparency. It was noted that the proposal only applies to fees generated by liquidity controlled by the WLFI and does not include fees from community or third-party LPs. https://x.com/worldlibertyfi/status/1962648359681839381 *This is not investment advice. Continue Reading: A Notable Step Has Been Taken Regarding the New Donald Trump-Linked Altcoin WLFI! Voting Has Beginned!
