WLFI relies on team wallet to push through USD1 growth proposal facing community criticism

According to Cointelegraph, a USD1 growth proposal for the Trump family's crypto project World Liberty Financial (WLFI) was approved in a governance vote, but it faced community criticism because holders of locked WLFI were unable to participate in the voting.

On-chain voting data shows that the largest votes in favor came from top wallets marked as related to the team or strategic partners, with the top nine wallets collectively accounting for about 59% of the total voting power, and the largest wallet contributing 18.786% of the voting power.

It is reported that many community users believe that some holders' WLFI tokens have been locked since the TGE and cannot be unlocked for voting until permitted by the team. WLFI holders have no rights to receive any protocol revenue. According to project documents, 75% of the net income is allocated to entities related to the Trump family, while the remaining 25% is allocated to entities related to the Witkoff family.