There are currently 600,000 investors who bought WLFI tokens on the open market. They are free to sell their tokens AT WILL. They do NOT have to vote their tokens. They do NOT have to agree to ANY governance proposals. They have absolutely no fear of their tokens being locked.
There are 87,000 early investors who took a risk on a company that had NOTHING. These investors were just THREATENED with punitive actions if they don’t do what WLFI tells them to do with their tokens.
According to a law firm I spoke with (I suggest others do so as well), this is coercion and illegal. The WLFI boiler plate language about not being able to class action them won’t hold up in court. I guarantee the WLFI team did NOT consult any legitimate attorney about this proposal.
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Just clarifying, The WLFI tokens that the 600,000 bought were once owned by some of the 87,000 early investors who sold with free will. Some of those tokens were also distributed as rewards for holding USD1.
The 87,000 early investors, whom took the risk, only had 5 billion tokens released. The circulating supply is 31 billion. WLFI has yet to disclose where the additional 26 billion tokens came from. THAT is who the 600,000 mostly bought from. POINT IS, the early investors should not be the ones screwed or threatened.
The FBI will arrest those bastard founders of @WLFI, rest assured! They will face retribution for proposing this outrageous idea of early investor token vesting within four years. Those who came up with this proposal are rotten scum; their families will rot away because of the crimes they have committed!
do you read the Financial Documents. It is updated monthly.
Most of the circulating supply is coming from Community Growth & Incentives. >32b WLFI. Without this pot you would have no exchanges to sell because there would be no liquidity.
If you read the ORIGINAL Gold Paper, you’d know you are wrong. DT Marks got 22.5 billion tokens. Insiders got 22.5 billion tokens. Early investors got 25 billion tokens. Justin Sun got 2 billion tokens. That leaves 28 billion tokens for the WLFI treasury from a total supply of 100 billion tokens. They would have to have gave out the entire treasury, plus 3 billion tokens. The current circulating supply comes mainly from insider/DT Marks quietly selling. Thus, their COMPLETE SILENCE about the supply. They are criminals.
Co-Founders tokens are locked. Team tokens are locked. Early investors unlocked 20% ~6.8b. The Growth and Incentives fund is 32.6b. It is likely circulating supply hits 39b before all unlocked token are circulating.