World Liberty Financial reveals Trump family’s major share in crypto revenue, detailing allocation with no political ties.
Overview of World Liberty Financial
World Liberty Financial (WLF), Donald Trump’s latest crypto venture, has revealed that the Trump family will receive 75% of the net protocol revenues. The project, launched earlier this week, aims to raise $300 million, valuing itself at $1.5 billion. The project’s founders, Chase Herro and Zachary Folkman, detailed these revenue allocations in a 13-page document.
Token Allocation Breakdown
WLF has allocated 22.5 billion of its “$WLFI” tokens to the Trump family, worth $337.5 million at the launch price of 1.5 cents per token. Additionally, the document outlined that the remaining 25% of revenue will be distributed to Axiom Management Group (AMG), a Puerto Rican company owned by the project’s co-founders.
Trump’s Crypto Project Details
Trump has heavily promoted the project in recent months, branding it as a decentralized finance (DeFi) platform. However, the project’s documents emphasize that the initiative is not connected to any political campaign. Trump and his family assume no liability, nor do they hold operational roles in the project.
Other Key Players
The Trump family is not the only entity benefiting from this crypto venture. AMG, led by Herro and Folkman, is slated to receive a quarter of net revenues, half of which will go to WC Digital Fi, an affiliate of Trump’s close friend, Steve Witkoff.
Future Revenue and Token Distribution
The document also highlighted that 35% of the total token supply will go towards token sales, 32.5% for community growth, 30% for support allocation, and 2.5% to advisors. These allocations, however, may change as per the company’s discretion.
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