Haven’t seen anyone else talk about this yet, so I wanted to bring up an alarming governance vote by World Liberty Fi this month that appears to be the start of a slow extraction of value from WLFI holders by the team:
What you see above appears to be a rigged vote, where the majority of top voters are indicated to be team wallets or strategic partner wallets by Bubble Maps. This is in contrast to the real voters lower in the screenshot, who have all been locked from accessing their WLFI tokens since TGE, and unable to vote on an unlock until the team allows it.
Instead, the team created the USD1 growth proposal shown here, which at first glance reads as fairly mundane. But it raises the question: why would the team go out of their way to force this vote through, instead of voting on the WLFI token unlock that the majority of holders are asking for?
The real motivation becomes clear when you recall the fine print that WLFI holders are not entitled to ANY protocol revenue at all. According to the WLFI Gold Paper on the World Liberty Fi official website, 75% of protocol revenue goes to the Trump family, and 25% goes to the Witkoff family:
It’s actually as crazy as it sounds: the team is forcing a vote to sell WLFI tokens at the expense of locked holders, in order to fund protocol revenue that goes only to themselves.
This vote was actually failing by the time it reached quorum with a majority of votes rejecting the proposal, until the team / partners forced the vote through. For context, the WLFI team is allocated 33.5% of all tokens and strategic partners another 5.85%, while the public sale was allocated only 20%.
Following the vote, we can see fresh transfers such as this one of 500 million WLFI tokens to Jump trading, while investor WLFI allocations remain forcibly locked:
Now that WLFI emissions are increasing, it's difficult to see the intrinsic value behind a 17 billion dollar token that has no real governance power, no revenue share, and new foundation sell pressure occurring for their own benefit. I have held short positions on WLFI on and off since pre-market prices above 0.34, and believe it will continue to drop over a longer timeframe due to dilution, intentional extraction, and other factors related to Trump's final term in office.
我很理解和赞同一姐所说的多极化,我觉得很多链上玩家也并不在意meme是否源自抠推文的字眼。相反也有很多成功的meme也是从抠字眼开始的。
但是俗话说的好‘事不过三’,当一个类似的项目上了Alpha之后,后续疯狂上类似路径的标,就会给人造成一种假象,一时间链上产生无数没有内核、没有社区、没有应用的推文币。这些meme都在短期内冲高,然后极速归零,形成一个恶性循环,受益的只有几个早期控制超过50%筹码的dev们。
算了下自己入圈满打满算也有四年了,入圈的第一桶金是从链上赚的,到如今我大部分的财富也源自于链上。我没有资格去教像一姐和大表哥 @cz_binance 这样的行业领路人去怎么做,但是我能真诚地去表达一个链上玩家的心声和看法。
这么多年,我链上买币依照的准则也就两个点。一个是共鸣,一个是赋能。共鸣其实就是看这个meme第一眼它能让你笑吗?或者说它能让你共情吗?最近X上很火的一篇文章一定是来自 @thedankoe 的《How to fix your entire life in 1 day》 ,短短时间内高达1.5亿浏览度,这是我从未见过的。bsc上的$Ucan fix life in1day 也取材自这篇文章,这是近期为数不多脱离双圣推文,且靠自然买单日交易量达到40m的meme。像这样的meme,我觉得是符合一姐你所说的多极化,并且能在国内外迅速产生巨大共鸣的项目。
像这样的项目,币安alpha是否能提高一下上币的速度?让许多不懂链上操作的trader能更快捷地买到‘alpha’币,避免因周期时间太长从而成为上线就被浇的‘beta’币。
记得自己进圈第二年的生日朋友圈文案是‘力所能及帮助更多的人’,这几年我也真正地做到了让不少身边的朋友过上更好的生活。我觉得币安做交易所的初衷不也是一样么?即使web3这路上充满荆棘,但是很多时候又纯粹地让人着迷。共勉吧,P小将们!