Donald Trump's crypto venture, World Liberty Financial (WLF), has announced that he and his family will receive a staggering 75% of the project's net revenue
Donald Trump's crypto venture, World Liberty Financial (WLF), has announced that he and his family will receive 75% of the project's net revenue without incurring any financial liability. A Delaware-based entity connected to Trump, known as DT Marks DEFI LLC, will be allocated the majority of the net protocol revenue, encompassing income from platform fees and token sales.
According to a document titled the World Liberty Gold Paper, Trump and his family will receive 22.5 billion tokens, valued at approximately $337.5 million based on a launch price of 1.5 cents per token. Notably, Trump's involvement in the crypto venture is separate from his presidential campaign.
The remaining 25% of the net revenue will go to Axiom Management Group (AMG), co-founded by Chase Herro and Zachary Folkman. Of AMG's share, half will be allocated to WC Digital Fi, a company associated with Trump ally and political donor Steve Witkoff.
The World Liberty Gold Paper also outlines the planned token distribution, with 35% allocated for token sales, 32.5% for community growth, and 30% for initial support, although these allocations may be adjusted.
This announcement adds a layer of intrigue to Trump's presidential campaign, as his family stands to gain a substantial financial windfall from the crypto venture, irrespective of its ultimate success.
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