World Liberty officially approves WLFI buyback & burn proposal, paving the way for long-term growth strategy.
After a week of community voting, the World Liberty Financial (WLFI) project announced a near-unanimous result: 99.84% of members voted in favor of the proposal to use all liquidation fees to buy back and burn WLFI. Only 0.06% voted against, demonstrating strong support and community confidence in this new direction.
Under the newly approved mechanism, all transaction fees generated from WLFI liquidity pools on Ethereum, BNB Chain, and Solana will be pooled to purchase WLFI directly on the market. These Token will then be burned permanently, thereby reducing the circulating supply – a move that is generally expected to increase the long-term value of the Token.
It is worth noting that the project has not yet released specific figures on the total protocol fees collected. Therefore, the actual impact of this buyback & burn mechanism on the WLFI price remains unknown. However, analysts believe that the near-absolute consensus is the clearest signal of the community's confidence in World Liberty's long-term vision.
In the volatile crypto market, Token burning strategies are not new, but they are rare to receive such high consensus. It is reminiscent of previous moves by major projects such as BNB Chain with its Auto-Burn mechanism that helped solidify BNB 's value and position in the market.
