World Liberty Financial (WLFI), a cryptocurrency project backed by the Trump family, has approved a governance proposal to bolster the value of its native token after disappointing performance since its launch. The proposal aims to allocate 100% of the project's treasury liquidity fees towards WLFI token buybacks and burns, effectively reducing the supply of tokens in circulation. The governance vote, which passed with a significant 99.8% majority, seeks to enhance value for long-term WLFI holders and create demand by permanently removing tokens previously held by short-term participants. Following its launch on September 1, WLFI saw a 40% price drop within the first three days, partly due to high initial supply. The WLFI token was trading at $0.2223, down over 28% from its launch price. While the buyback strategy forms the foundation for WLFI's future initiatives, the project is also exploring additional revenue sources for further buybacks. Cointelegraph is awaiting a response from WLFI regarding the estimated fees generated and the impact of the buybacks on the market.

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