ChainCatcher reported that according to CNBC, the Trump family's crypto project World Liberty Financial (WLF) released a 13-page "World Liberty Gold Paper" document, which details 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 responsibility.
According to the document, DT Marks DEFI LLC, a Delaware company associated with Trump, will receive 75% of the net agreement revenue. The Trump family will receive 22.5 billion WLFI tokens, which are worth about $337.5 million based on the issue price of 1.5 cents this week. The document emphasizes that Trump and his family members are not directors, employees, managers or operators of WLF or its affiliates, and states that the project and tokens are "not related to 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.
