There are serious concerns in the team about why the team has decided to unlock only a portion (without specifying what % exactly) of pre-sale tokens purchased by retail.
25% of tokens were sold in pre-sale 1 & 2.
Not all of these tokens belong to retail traders. A large percentage, likely somewhere in the 7.5 - 12.5% range, belongs to institutions and large whales, like Justin Sun, who alone owns 3%+ of the supply.
This means that the total supply held by retail is already incredibly tiny, likely around 12.5% - 15% of total tokens.
Why is the team considering to reduce this supply even further? It would result in a circulating supply of 5-10%, depending on what % (again, unspecified as of Sunday 20 July 2025) they plan to release.
Meanwhile, the Initial Supporters, Team, whales, OTC institutions, will easily hold 40%+ of the total supply.
How is this fair?
It has never happened that already distributed pre-sale tokens were subject to further locks/vesting rules. We bought our tokens and no vesting rules were specified in the contract. We already received them. Just look at the Pump Fun pre-sale –– everyone already received their tokens, no locks!
I hope the team will swiftly clarify why the partial unlock is deemed necessary –– and what % will be initially unlocked. It would be a grave mistake if it is a tiny percentage like 30% or 40%. Minimum 47%!
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Damn we are screwed if WLFI presale unlocks a small part. Small must unlock 100%
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It’s almost like it’s a governance token that is literally in name only because the founders are the only ones that can make an actual proposal to vote on and the founders can also just do whatever they feel like anyways.
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A low percentage will be unlocked imo, This gives higher yield to those with large holdings, especially as the price will rise fast shortly after launch, then after the correction to its real price we will see the rest unlocked. Basically only large holders will make large gains.
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This is someone that has been around the block. its an old familiar pattern that rarely goes differently.
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At first, really appreciate for team’s hard-work over fairness and liquidity of platform and WLFI. However, frankly speaking, it makes me a bit confused, why 25% tokens were sold in pre-sale? The golden paper says it is 30%. So the amount for sale has changed after the price and policy changed? Does gold-paper still work?
According to the first two public sales, we were supposed to have already received our governance tokens, WLFI, with no lock-up stipulated. We were merely told that, for the time being, the token could be used only for voting and could not be transferred. The restriction isn’t on our individual tokens; ERC-20 transfers have simply been disabled globally. If WLFI’s team and Justin Sun agreed that his allocation must remain locked, then locking his tokens is understandable. But for the rest of the retail participants—regardless of how many tokens they hold—once global transfers are enabled, there is no credibility-based justification for imposing any further lock-up.
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Let’s Hope for at least 10k token unlock.
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Exactly. At the very least, they should allow us to set different addresses for when the remainder of our tokens become unlocked. That way, we can do OTC transactions with friends/family with our locked-up tokens if we want to!