TRON (TRX) founder Justin Sun has once again taken to social media to attack the crypto company backed by US President Donald Trump. Justin Sun, in his recent critical speech, called Trump’s World Liberty Financial (WLFI) a “global tyranny.”
This follows WLFI’s new governance proposal to overhaul its tokenomics, affecting over 62.28 billion WLFI tokens. Under the new proposal, early supporters holding more than $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 assigned a “cliff period of 2 years with a linear vesting of 3 years”.
Justin Sun hits Trump-backed WLFI
Notably, just 7 hours after the proposal was announced, the Sun highlighted that the proposal had just been concluded as a “signal of governance alignment” and a “long-term commitment”. He even went ahead and urged:
Remove the packaging and you have one of the most absurd governance scams I have ever seen.
Highlighting the reason for his criticism, Sun pointed out that voting against the proposal would lead to voters locking up their tokens infinitely, stating:
It’s not a vote. It’s coercion.
Reasons for Sun’s criticism
Furthermore, referring to its voting power of around 4%, Sun pointed out that the proposal also selectively freezes the voting rights of their users. He said this would lead to votes being decided well before the process even begins.
As expected, the founder of TRON (TRX) put it best when he said:
This is a spectacle in which the police have already barricaded the doors of Parliament and only let its citizens in to raise their hands.
Additionally, 3/5 anonymous multisig controlling WLFI smart contracts and a single anonymous EOA gatekeeper controlling the ban rights of addresses holding WLFI still raise eyebrows.
Indeed, this stands in stark contrast to voters representing their full identities before even voting, as Sun pointed out.
That said, Sun is not alone in raising such concerns, as Derek Boirun, founder and CEO of Realio Network, echoed:
Feud past and more
This follows a recent online feud between Justin Sun and the WLFI team. Sun denounced Trump’s crypto project and said:
This is a hatch marketed as an open door.
In response to this, the WLFI team threatened Sun with legal action when she criticized:
See you in court, buddy.
Yet despite the ongoing market FUD around WLFI, the token was trading at $0.08066 at press time. This was after a 1.08% rise in the last 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 is unaffected by Sun’s new attacks as it trades greens.
