New documents reveal that the Trump family will receive 75% of WLFI's net income without assuming any responsibility
The Trump family's crypto project, World Liberty Financial (WLF), has released a 13-page "World Liberty Gold Paper" document detailing the mission and token distribution plan of the project. The document shows that the Trump family will receive 75% of the net proceeds from the project without any liability.
According to the document, DT Marks DEFI LLC, a Delaware company associated with Trump, will receive 75% of net protocol revenue. The Trump family will receive 22.5 billion WLFI tokens valued at approximately $337.5 million based on this week's issue price of 1.5 cents per token. The document emphasizes that neither Trump nor his family members are directors, employees, managers or operators of WLF or its affiliates and declares that this project and its tokens have "nothing to do with any political activities."
The remaining 25% of net protocol revenue will belong to Axiom Management Group (AMG), wholly owned by co-founders Chase Herro and Zachary Folkman in Puerto Rico. AMG has agreed to distribute half its profit rights to WC Digital Fi, an affiliate company belonging partly to Steve Witkoff - a close friend of Trump’s and political donor - as well as some members of his family.
