World Liberty Financial (WLFI), the cryptographic project linked to President Donald Trump, has permanently eliminated 47 million WLFI tokens worth more than $ 11 million of the circulation.
In a September 2 publication in X, the project explained that the Burn represents the first important step in the implementation of its repurchase and burning governance strategy, which is designed to strengthen the economy of the Token.
According to the statement, the project extracted these tokens directly from its unlocked treasure reserves and sent them to the burns addresses, effectively eliminating them from the total supply forever.
WLFI explained that this action aims to concentrate tokens among the holders compromised in the long term while reducing the general circulation of the market.
“We are building for decades, not days,” Wlfi said in his official announcement, recognizing that short -term prices performance has disappointed some investors.
However, the platform emphasized that the first supporters who bought tokens at $ 0.015 at $ 0.05 have already witnessed the market recognition of the value proposition of the governance token.
Security measures against Phishing attacks
Together with the Token Burn, WLFI has implemented comprehensive security measures by multiple wallet addresses in the blacklist suspected of private key commitments.
This action responds to the warnings of cybersecurity experts on the computer pirates that exploit the Eip-7702 Standard of Ethereum to point to Token Wlfi claims.
The black mass list prevented the attempts to theft of the project safety cash system, and the chain records confirmed that the compromised addresses were blocked.
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WLFI is now helping affected legitimate holders who need help to recover access to their tokens.
Wlfi praises the launch of Token
WLFI and its executives have acclaimed the launch of Tokens as one of the most successful in the cryptographic industry.
In an X position, Eric Trump, son of the president of the United States, declared that the Token launched a success by highlighting the dramatic appreciation of the price of the initial supply levels.
He pointed out that WLFI quoted between $ 0.20 and $ 0.28 within 24 hours after public launch, which represents almost 20X profits for the first investors that bought at $ 0.015.
Despite this enthusiasm, WLFI’s market value has decreased approximately 50% from Monday’s commercial debut. The Token currently quotes around $ 0.22 in the main exchanges.
However, the project has defended this performance by saying that its price performance is “uncommon.”
According to the team:
“WLFI initially appeared at $ 0.20. After absorbing the first sellers and ~ $ 6b in the volume of the authors only in Binance, Wlfi still quotes above the list, very unusual for the releases of day 1”.