Trump Family to Receive 75% of Tokens in World Liberty Financial
Trump Family's Controversial Crypto Project: World Liberty Financial
World Liberty Financial (WLF), a new crypto project linked to the Trump family, has sparked controversy following the release of a 13-page document detailing its mission, token allocation, and profit distribution. According to the document, the Trump family is set to receive 75% of the project's net proceeds without any liability. Despite these financial arrangements, the project asserts that it is not connected to any political activities.
Trump Family to Receive 75% of Net Proceeds
The "World Liberty Gold Paper," published by WLF, outlines that the Trump family will receive 22.5 billion $WLFI tokens, currently valued at $337.5 million based on the launch price of 1.5 cents per token. The document specifies:
The Trump family holds no formal roles within WLF, such as directors, employees, or managers.
The project is not affiliated with any political campaign.
Initial Token Sale and Financial Goals
On Tuesday, WLF launched the $WLFI token with an ambitious roadmap aiming to raise $300 million at a $1.5 billion valuation. However, as of Thursday, only $12.9 million worth of tokens have been sold. WLF describes itself as a crypto bank, encouraging users to borrow, lend, and invest in digital coins, with the initial $30 million revenue earmarked for covering operating expenses and financial obligations.
The document reveals that DT Marks DEFI LLC, a Delaware-based company linked to Donald Trump, will receive three-quarters of the net protocol revenues. The remaining 25% of net protocol revenue is allocated to Axiom Management Group (AMG), a Puerto Rico LLC owned by co-founders Chase Herro and Zachary Folkman.
Token Allocation Breakdown
35% for the token sale
32.5% for community growth and incentives
30% for initial support allocation
2.5% for team and advisors
These distribution amounts are subject to change, and it is unclear which categories include the Trump family. The document emphasizes that Donald Trump is the "chief crypto advocate" and his three sons are "Web3 ambassadors."
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