I just saw that WLFI is making quite a move. They released a governance proposal planning a large-scale reorganization of over 62.2 billion tokens, including the burning of more than 4.5 billion. It seems they want to rebuild trust through this, but the timing is a bit sensitive.

What is the core change? The token lock-up period for founders and team members has been changed from the original arrangement to a 2-year lock, followed by a gradual release over 3 years. Even more aggressive is the 10% burn mechanism, which means insiders could be permanently burned up to 4.52 billion tokens. Early supporters have slightly looser conditions—2 years lock-up plus a 2-year gradual release, but no burning. The logic behind this design is clear—encouraging large holders to lock in their tokens long-term to prevent early exits.

But the background of this proposal is somewhat complicated. WLFI recently had a fallout with Tron founder Justin Sun. Sun claimed his WLFI account was unjustly frozen and further revealed that WLFI’s smart contract contains a "backdoor" feature that can lock tokens, completely contradicting the promise of decentralization. His statement was, “World Liberty has built a backdoor locking function into the contract, which is the exact opposite of the advertised openness.”

Interestingly, this controversy has now become public, with both sides speaking out, and it seems to be heading toward legal action. WLFI suddenly launching this large-scale governance reset—whether to quell the controversy or for other reasons—markets are watching. Considering Justin Sun’s influence through Tron and TRX tokens, this incident could trigger broader industry attention.

Overall, this is a matter worth following closely. The governance proposal itself appears serious, but the underlying controversy and trust issues are the real tests.