World Liberty Financial (WLFI), the crypto project linked to President Donald Trump, has removed 47 million WLFI tokens permanently more than $ 11 million from the circulation.
In a September 2 after On X, the project explained that the burn represents the first major step in the implementation of the proposed return and burnnance strategy, which was designed to strengthen the token economy.
According to the statement, the project got these tokens directly from his unlocked treasury reserves and sent them to burn addresses, so that they are effectively removed from the total stock.
WLFI explained that this action is aimed at concentrating tokens under dedicated long -term holders and at the same time reducing general market circulation.
“We build for decades, not on days,” WLFI stated in his official announcement and acknowledged that the price performance has disappointed some investors in the short term.
However, the platform emphasized that early supporters who bought tokens from $ 0.015 to $ 0.05 have already witnessed market recognition of the value proposition of the board token.
Security measures against phishing -attacks
In addition to the token burning, WLFI has implemented extensive security measures by putting multiple wallet addresses on the black list of private key compromises.
This promotion responds to the warnings of cyber security experts about hackers who operate the EIP-7702 standards of Ethereum to focus on WLFI-Toks requirers.
The massive blacklist prevented attempt at thefts of the Lockbox system of the project and on-chain records confirmed that compromised addresses were blocked.
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WLFI now helps affected legitimate holders who need help recovering access to their tokens.
WLFI praises token launch
WLFI and his managers have praised the token launch as one of the most successful in the crypto industry.
X afterEric Trump, son of the American president, stated that the Token explained a success by emphasizing the dramatic price rating of the first supply level.
He noted that WLFI traded between $ 0.20 and $ 0.28 within 24 hours after the public launch, which represents almost 20x profits for early investors who bought $ 0.015.
Despite this enthusiasm, the market value of WLFI has fallen by around 50% since Monday’s trade debut. The token currently trades around $ 0.22 at large fairs.
However, the project has defended this performance by saying that the price performance is ‘unusual’.
According to the team:
“WLFI was initially mentioned at $ 0.20. After absorbing early sellers and ~ $ 6 billion in Perp volume only on Binance, WLFI is still traded above the list-very unusual for day-1 launchings.”