World Liberty Financial, a crypto project associated with Donald Trump, has successfully passed a proposal to utilize 100% of the liquidity fees from its treasury for WLFI token buybacks and burns. This vote, which saw a 99.8% approval rate, aims to reduce the supply of WLFI tokens and enhance their value, especially following a 40% decline in price shortly after the token's launch on September 1. The buyback strategy will reclaim WLFI tokens from the market and send them to a burn address, thus permanently removing them from circulation. The platform is set to leverage liquidity positions on Ethereum, Binance Smart Chain, and Solana for this purpose. Although the proposal lacked specific estimates on the fee generation, it lays a foundation for future buybacks and additional protocol revenue sources. WLFI token prices have shown a steady decrease of over 28% since launch, trading currently at $0.2223 at the time of writing.

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