Recent revelations about Donald Trump’s crypto project, World Liberty Financial (WLF), have raised eyebrows as a new document outlines a significant financial benefit for the Trump family. According to the 13-page overview titled the “World Liberty Gold Paper,” it has been disclosed that the Trump family will receive 75% of the net revenue generated from the project. This allocation raises questions regarding the structure and implications of the venture.
Key Findings from the Document
The World Liberty Gold Paper details the financial breakdown of the project, revealing that DT Marks DEFI LLC, an entity linked to Trump, is poised to receive 75% of the net protocol revenues. This translates to an expected 22.5 billion “$WLFI” tokens, valued at approximately $337.5 million based on the launch price of 1.5 cents per token. The remaining 25% of the net protocol revenue will be allocated to Axiom Management Group (AMG), a Puerto Rico LLC owned by project co-founders Chase Herro and Zachary Folkman.
No Liability Claimed
A notable aspect of this arrangement is that the Trump family assumes no liability in the project. The document specifies that Trump and his family members are not directors, employees, or managers of WLF or its affiliates. Furthermore, it emphasizes that the project and its tokens are not political and have no ties to any political campaign, despite Trump’s prominent role in the upcoming presidential election against Vice President Kamala Harris.
Insights into World Liberty Financial
World Liberty Financial positions itself as a crypto bank, encouraging customers to borrow, lend, and invest in digital currencies. The roadmap for the project aims to raise $300 million at a $1.5 billion valuation during its initial token sale. As of the latest update, only $12.9 million of the tokens had been sold.
The document clarifies that net protocol revenue includes income from various sources, such as platform fees, token sale proceeds, and advertising revenue, after deducting agreed expenses. Additionally, $30 million from the initial revenue is reserved to cover operating costs and other financial obligations.
Revenue Distribution and Allocation
In terms of revenue distribution, the Trump family’s share comes primarily from DT Marks DEFI LLC, while AMG’s 25% is further divided. AMG plans to allocate half of its net revenue rights to WC Digital Fi, an affiliate of Trump’s associate and political donor, Steve Witkoff. This connection further ties the project to individuals closely linked with Trump, including his sons, who are referred to as “Web3 ambassadors.”
Community Engagement and Future Plans
WLF has allocated 35% of its total supply to token sales, 32.5% to community growth, 30% for initial support, and 2.5% for team and advisor compensation. It is important to note that the document mentions these allocations are subject to change, adding an element of uncertainty regarding the exact distribution of tokens among stakeholders, including the Trump family.
