BlockBeats news, October 18, according to CNBC, the Trump family's crypto project World Liberty Financial (WLF) released a 13-page "World Liberty Gold Paper" document, detailing the project's mission and token distribution plan. The document shows that the Trump family will receive 75% of the project's net proceeds without any liability.
According to the document, DT Marks DEFI LLC, a Delaware company associated with Trump, will receive 75% of the net agreement income. The Trump family will receive 22.5 billion WLFI tokens, which is worth about $337.5 million based on the issue price of 1.5 cents this week.
Documents released on Thursday show that Trump and his family members are not directors, employees, managers or operators of WLFI or its affiliates, and declare that the project and tokens are "not political and have nothing to do with any political activities."
The remaining 25% of the net agreed revenue will go to Axiom Management Group (AMG), a Puerto Rican company wholly owned by project co-founders Chase Herro and Zachary Folkman. AMG has agreed to assign half of its revenue rights to WC Digital Fi, a company affiliated with Trump confidant and political donor Steve Witkoff and some of his family members.