The Trump family-linked cryptocurrency project World Liberty Financial (WLFI). (Shutterstock photo)

World Liberty Financial (WLFI), a decentralised finance project linked to the family of U.S. President Donald Trump, is forcing through a USD1 growth plan, widening an internal dispute over stakes, Cointelegraph reported on Monday.

The report said the top nine wallets accounted for 59 percent of total voting power. With those wallets confirmed to be connected to the team or strategic partners, community backlash is intensifying.

One of the largest wallets held 18.786 percent of total voting power, and holders of locked-up WLFI were unable to participate in the vote. An anonymous crypto trader and researcher, DeFi^2, pointed out that "WLFI holders have remained locked up since the token generation event and cannot participate in voting."

WLFI has recently applied for a national trust bank licence to issue the USD1 stablecoin, strengthening its own issuance, custody and exchange functions. But investors have voiced complaints, saying "WLFI holders have no authority at all over project revenues." According to WLFI, 75 percent of revenue is allocated to the Trump family and the remaining 25 percent to the Witkoff family. WLFI has not issued an official position so far.

Keyword

#World Liberty Financial #USD1 #WLFI #Cointelegraph #Donald Trump
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