The Trump family will receive 75% of WLFI's net income and will not bear any liability

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Cointime2024/10/18 02:00

By:Cointime

The Trump family's encrypted project World Liberty Financial (WLF) has released a 13-page "World Liberty Gold Paper" document that details the project's mission and token allocation plan. The document shows that the Trump family will receive 75% of the project's net income without any liability.

According to the document, DT Marks DEFI LLC, a Delaware company associated with Trump, will receive 75% of the net protocol revenue. The remaining 25% of net protocol revenue will belong to Axiom Management Group (AMG), a Puerto Rican company fully owned by project co-founders Chase Herro and Zachary Folkman. AMG has agreed to allocate half of its earnings to WC Digital Fi, an affiliated company of Trump's friend and political donor Steve Witkoff and some of his family members.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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The Block•2025/01/30 21:34