‘Not voting, this is coercion’ – TRON’s Justin Sun slams WLFI proposal

TRON [TRX] Founder Justin Sun has once again taken to social media to take a jab at the U.S. President Donald Trump-backed crypto firm. Justin Sun, in his recent slam, has called Trump’s World Liberty Financial [WLFI] “World Tyranny.” 

This came on the back of WLFI’s new governance proposal to reshuffle its tokenomics, affecting over 62.28 billion WLFI tokens. According to the new proposal, the early supporters holding over $17 billion in WLFI tokens would convert to a “2-year cliff followed by a 2-year linear vest.”

Additionally, every advisor, partner, team member, etc., will be allocated to a “2-year cliff with a 3-year linear vesting” timeframe. 

Justin Sun strikes Trump-backed WLFI

Notably, within just 7 hours of the proposal being announced, the Sun highlighted that the proposal was just wrapped up as a “governance alignment signal” and a “long-term commitment.” He even went ahead and urged, 

Strip away the packaging and what you have is one of the most absurd governance scams I have ever seen.

Highlighting the reason behind his criticism, Sun noted how voting against the proposal would lead to the voters getting their tokens locked endlessly, stating, 

This is not voting. This is coercion.

Grounds of Sun’s criticism

Furthermore, referring to his voting power of roughly 4%, Sun highlighted that the proposal also selectively freezes out voting rights of their users. This, in turn, he believes, would lead to the votes being decided well before the process even begins. 

As expected, the TRON [TRX] founder put it best when he said, 

This is a performance where the police have already barricaded the doors of parliament and only let their people inside to raise their hands.

Additionally, 3/5 anonymous multisig controlling the WLFI smart contracts and a single anonymous guardian EOA controlling the rights to ban addresses holding WLFI are further raising eyebrows.

This is because it was in sharp contrast to the voters who are representing their full identification before they even vote, as pointed out by Sun. 

That said, Sun is not the only one to raise such concerns, as Derek Boirun, founder and CEO of Realio Network, echoed, 

Past feud and more

This came on the heels of a recent ongoing online feud between Justin Sun and the WLFI team. Sun had called out Trump’s crypto project and said, 

This is a trap door marketed as an open door.

In response to which, the WLFI team had given legal threats to Sun when they slammed, 

See you in court pal.

Yet, despite the ongoing FUD in the market around WLFI, the token was trading at $0.08066 at press time. This was after a hike of 1.08% in the past 24 hours.

Final Summary

• Justin Sun’s jab against Trump’s WLFI governance proposal has once again fueled the already ongoing feud between the two.
• The WLFI token remained unaffected by the fresh attacks by Sun, as it was trading in greens.