WLFI Governance Passes 99.8% Vote for Token Buyback Plan


WLFI Governance Passes 99.8% Vote for Token Buyback Plan
Image source: CoinToday
- All treasury fees allocated to buybacks and burns with 99.8% community approval. - Strategy aims to counter 40% price decline since token launch. On September 19, 2025, the World Liberty Financial (WLFI) community passed a decisive governance vote approving a plan to redirect 100% of treasury liquidity fees toward open-market buybacks and permanent burns of WLFI tokens. This measure, which earned overwhelming community support with 99.8% approval, aims to reduce the token's circulating supply and stabilize its value. Buyback-and-burn strategies are a growing trend in the cryptocurrency sector, leveraging token scarcity to support long-term price stability. WLFI's decision follows the token's disappointing market performance since its September 1 launch, when it suffered a sharp 40% price drop in its first three days. A prior burn of 47 million WLFI tokens on September 3 also failed to reverse this decline; however, the announcement of the new governance vote sparked cautious optimism, leading to a modest uptick in WLFI's performance. The WLFI team plans to execute these buybacks efficiently by establishing liquidity on major blockchains, including Ethereum, BNB Chain, and Solana. However, while these efforts signal progress, the team has not released details about the expected treasury fee volume, which makes it difficult to assess the initiative's broader impact on WLFI's market dynamics. According to CoinMarketCap, as of 16:08 UTC on September 19, WLFI was trading at $0.228, representing a 2.713% increase over the previous 24-hour period.
Article Info
Category
Market
Published
2025-09-19 16:14
NFT ID
PENDING
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