TechFlow news, October 18 — According to CNBC, the Trump family's cryptocurrency project, World Liberty Financial (WLF), released a 13-page "World Liberty Gold Paper" outlining the project’s mission and token distribution plan. The document reveals that the Trump family will receive 75% of the project's net profits while bearing no liability.
The document states that DT Marks DEFI LLC, a Delaware-based company affiliated with Trump, will receive 75% of the net protocol revenue. The Trump family is set to receive 22.5 billion $WLFI tokens, valued at approximately $337.5 million based on this week's issuance price of 1.5 cents per token.
The paper emphasizes that Trump and his family members are not directors, employees, managers, or operators of WLF or its affiliated companies, and asserts that the project and its tokens are "not associated with any political activities."
The remaining 25% of net protocol revenue will go to Axiom Management Group (AMG), a Puerto Rico-based company wholly owned by WLF co-founders Chase Herro and Zachary Folkman. AMG has agreed to allocate half of its revenue rights to WC Digital Fi, a firm linked to Steve Witkoff, a close friend and political donor of Trump, and certain members of his family.
