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CryptoWorld News reports that the plan to unlock 62 billion WLFI tokens proposed by World Liberty Financial is about to receive 99.5% support.
The plan includes insiders burning 10% of their holdings and unlocking 40.7 billion tokens after a two-year cliff period, following a five-year supply schedule.
The top four wallets control approximately 40% of the voting power.
The voting context is that Sun Yuchen has filed a lawsuit regarding allegedly frozen tokens and the loss of governance rights.