Yeah, that makes the most sense.
It’s bad that World Liberty Fi decided to use “Early” instead of “Initial”, but clearly they mean the same group.
100% of pre-sale tokens will be transferable.
1 Like
No.
100% of our tokens become transferable with this vote.
AND IN ADDITION TO THAT
a % of tokens of Early/Initial Supporters will be unlocked and distributed to them (currently locked in a multisig wallet), and in a second vote, the community decides how the remainder of their coins will vest.
2 Likes
My goodness some clarity - thank you kind person
2 Likes
My logic wouldn’t infer all tokens will be unlocked. Commercially it wouldn’t make sense.
Additionally, if I was i control. I would send a little gift out, sure.. a small % of the 30% mentioned maybe.. and unlock a small parcel, say 15-20%. BUT I would then wait and see who sold out and control the second distribution to those actually supporting the project to establish the game play to come when larger parcels are unlocked.
Either way, the purpose i assume was to drive conversation regarding the particulars. A vote is required, and has thus far NOT been presented. only a forum notice or that pending vote.
““Yes, according to the World Liberty Financial proposal, a community vote is required to change the token’s status from non-transferable to transferable, as outlined in the “Voting Options” section, which presents “YES: Proceed with WLFI tradability” and “NO: Maintain current token non-transferability and closed network status” as the choices.””
and. i see no vote yet.
I meant, you are conflating.
I don’t. I see it objectively as the proposal intended.
1 Like
Hard disagree. There should not be “reward” or “conditions” based on who did what with their tokens. That goes completely against the definition of Financial Liberty. We bought are tokens, we are free to do with them as we please when they become transferable. That’s what a FREE system means and that what leads to a HEALTHY market.
2 Likes
Let’s just wait and see. So tired of short sighted users.
You are subiect to vesting, just like any sale.
You can’t dump it at once.
2 Likes
i would agree, if it were not the case for us all to have received USD1.. as a reward, and to scale the initial holders of USD1. I think its safe to say we have no idea what’s about to happen.. for the most part. Still, its exciting.
The Paper also stated they would be locked indefinitely. so. its anyone’s guess at this point.
1 Like
They can’t unlock Initial/Early Supporter tokens while keeping pre-sale tokens locked or limit how much is transferable.
Remember retail holds only 10-15% of supply, the remainder of the 10-12% sold tokens are held by just a few entities like Justin Sun, Aqua1Fund, and DWF Labs.
If they unlock lets say 10% of the 30% allocation for early supporters, it would mean that;
- 15% of supply held by 86,000 retail investors;
- +/- 10% of supply held by Early/Initial Supporters (3 entities);
- 10-12% of supply held by several entities (Justin Sun, DWF Labs, Aqua1Fund).
If World Liberty Financial further limits the supply held by retail, which is already incredibly low, it would mean that 6 entities (Early Supporters 3x + JS, DWF & Aqua) would hold the majority of supply.
That would be completely unfair and extremely bad optically.
Justin Sun purchased a presale, which means he is technically one of us. Unless interlly they will make an agreement.
Initial unlock may come from
Us (presale)
Liqudity (for exchanges pairing)
And some for development
It will start maybe around 20% high or at minimum 10%.
Then vesting will be next.
I was right back then, I will be right this time again.
https://x.com/tespmoore/status/1941277095017250824?t=4rXSajbL1itI9AMCBwwXTg&s=19
1 Like
I guess the voting will come back later this week, its timeline mostly likely aligns with Congress’s Crypto Week.
2 Likes
Why do you insist on spreading misinformation?
Our tokens are already unlocked. They are not in a multisig. They are in OUR wallets.
The only tokens that are still locked are the teams’ tokens and the early/initial supporter tokens. There is a multisig which holds 40% of undistributed $WLFI tokens. Please learn the difference between UNLOCK , DISTRIBUTED TOKENS , AND TRANSFERABILITY.
2 Likes
No. They are in our wallets but can’t move them.
Hello? This is exactly a definition of cliff.
After this, initial release then vesting.
Token has token contract function to enable this vesting. So, no!
2 Likes
Not sure about the exact definition of initial supporters. It seems that they used these words interchangeably in the gold paper, tweets, governance proposals, etc.
The team may also recognize pre-sale buyers as early supporters and distribute a small portion of the 30% to them. The team is quite generous.
1 Like
This will not happen.
Our tokens do not need vesting. We purchased them and received them immediately upon purchase. We are not part of the team or initial supporters who purchased the tokens at a discount (prior to pre-sale) who are bound to vesting. Vesting is something reserved for team members, employees, etc. who received tokens/shares of a company at a significant discount.
It does not need vesting?
Dude, we are part of the vesting process called cliff. Yes, tokens are there but you can’t move them. (Did it occur to you that this also doesn’t makes sense).
My point simply is, if the team enables fractional release, they can implement same as now that we can move them even if we try.
We are technically in a vesting process right now.
1 Like
I have a theory that the Gold Paper is obsolete.
It’s a draft of a plan but not the implemented plan.
It’s not part of the website. No links leading to the Gold paper.
What a shocker!
1 Like
Straight from the Proposal - my interpretation:
Early Supporter Unlocking
• A portion of WLFI supply was sold to early supporters
- was anything sold before the presale? Nothing that was announced, so unless were all missing something, IMO that makes everyone before the presale founders, team and advisors.
• Founders, team, and advisor tokens will not be unlocked initially and will be subject to a longer unlock schedule than early supporters to demonstrate long-term commitment and alignment with the success of the protocol
- The purpose of this statement is to say “the stakeholders in this project are in it for the long term” – this would be contradictory to the idea that insiders “aka the real early supports” were going to get to sell before us.
I read this to be exactly what we all are hoping for!
The WLFI team repeatedly said they aim to be the top stablecoin and Bank of the Free. Doing the above would be exactly the kind of thing needed to tell the world they can be trusted!
2 Likes