Trump-Family-Linked WLF Deploys “Kill Switch” Governance to Manage Sept 1 Token Unlock Risk
- The Trump-linked WLF project has given its core team final veto power over all community proposals
- This new governance was announced just days before the native WLFI token is set for a major unlock on Sept 1
- In a crisis, the protocol shifts to a centralized multisig, acting as a governance “kill switch”
The Trump-family-linked crypto project, World Liberty Financial (WLF), has laid out its governance rules ahead of its token unlock, and the bottom line is clear: the core team holds the ultimate power.
The new framework gives the team a “kill switch” to veto community proposals and take full control during a crisis.
Related: President Trump’s WLFI Leads Institutions in Buying BTC and ETH Dip
WLF Can Veto Any Community Proposal at Its “Sole Discretion”
The new governance rules state that the WLF company can reject any proposal, even one already approved by token holders, if it believes it poses a legal, contractual, or security risk.
The framework emphasizes that this decision is at the team’s “sole discretion” and is “final.” This gives the core developers a powerful, unilateral override to protect the protocol from any initiatives they deem …
The post Trump-Family-Linked WLF Deploys “Kill Switch” Governance to Manage Sept 1 Token Unlock Risk appeared first on Coin Edition.
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Trump-Family-Linked WLF Deploys “Kill Switch” Governance to Manage Sept 1 Token Unlock Risk
- The Trump-linked WLF project has given its core team final veto power over all community proposals
- This new governance was announced just days before the native WLFI token is set for a major unlock on Sept 1
- In a crisis, the protocol shifts to a centralized multisig, acting as a governance “kill switch”
The Trump-family-linked crypto project, World Liberty Financial (WLF), has laid out its governance rules ahead of its token unlock, and the bottom line is clear: the core team holds the ultimate power.
The new framework gives the team a “kill switch” to veto community proposals and take full control during a crisis.
Related: President Trump’s WLFI Leads Institutions in Buying BTC and ETH Dip
WLF Can Veto Any Community Proposal at Its “Sole Discretion”
The new governance rules state that the WLF company can reject any proposal, even one already approved by token holders, if it believes it poses a legal, contractual, or security risk.
The framework emphasizes that this decision is at the team’s “sole discretion” and is “final.” This gives the core developers a powerful, unilateral override to protect the protocol from any initiatives they deem …
The post Trump-Family-Linked WLF Deploys “Kill Switch” Governance to Manage Sept 1 Token Unlock Risk appeared first on Coin Edition.
Read More
Fear Grips Crypto Investors as “Trump is Dead” Speculation Spreads: Details