The Trump family will receive 75% of WLFI's net income and will not bear any liability
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.
You may also like
GameStop just announced a $1.5 billion Bitcoin deal
Genius Group Ordered to Sell Bitcoin Holdings
Genius Group must sell 10 BTC due to a court order, slashing its crypto treasury and market cap significantly.Unexpected Setback for Genius GroupMarket Cap Falls Below Bitcoin ReservesConcerns About Stability and Transparency
Ethereum Price Sees 4 Straight Red Months
Ethereum has closed four red months in a row, but long-term holders remain hopeful for a rebound.Ethereum’s Tough Streak ContinuesHope on the Horizon for Ethereum Holders
Nexchain Emerges as April’s Best ICO: A New Era for Blockchain
Nexchain is committed to facilitating interoperability from one blockchain to the next through artificial intelligence, allowing for cross-chain communication and operational efficienciesConclusion
Trending news
MoreCrypto prices
More
