World Liberty's Proposed Token Buyback Strategy Secures Overwhelming Approval by 99.8%
World Liberty Financial (WLFI) has announced a new governance proposal that serves as the foundation for its token buyback strategy. The proposal, which received overwhelming support with a 99.8% approval from the community, aims to boost WLFI's value following its disappointing price performance since launch.
The strategy involves purchasing WLFI tokens across Ethereum, BNB Chain, and Solana, with major centralized and decentralized blockchain trading platforms, including Binance, Bybit, and OKX, playing key roles. These platforms facilitate liquidity and token management as part of WLFI's hybrid financial protocol, which combines traditional banking and decentralized finance elements.
However, the specific blockchain platforms underlying these exchanges for token purchases and burns are not explicitly detailed in the available information.
The long-term goal of WLFI is to support its token value by reducing its circulating supply. Purchased WLFI tokens will be sent to a burn address for permanent removal. This process aims to create more scarcity and demand for the WLFI token, with the buybacks also aiming to increase relative weight for committed long-term holders of WLFI tokens.
The team at WLFI is focused on creating more demand through strategic buybacks and burns. They plan to use liquidity fees from various chains to repurchase WLFI tokens. However, WLFI has not provided an estimate on the fees generated by the platform.
Not all investors have seen positive results from this new strategy. Andrew Tate, a former kickboxing champion, realised a $67,000 loss on his WLFI holdings on the decentralized exchange Hyperliquid. His cumulative losses on his WLFI account nearly reached $700,000.
Investors will closely monitor the impact of these measures on WLFI's market performance. World Liberty Financial's team is hopeful that the token buyback strategy will help stabilise the price of WLFI and increase its long-term value.
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