A new document from Donald Trump’s crypto project, World Liberty Financial (WLF), has revealed that the Trump family is set to receive 75% of the net protocol revenue from the project. The 13-page paper, dubbed the World Liberty Gold Paper, outlines how tokens are to be allocated, with the majority going to a Delaware-based entity named DT Marks DEFI LLC, connected to the former president.
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- 21 Oct 24
Trump Family to Receive 75% of Crypto Coin Revenue, Assumes No Liability, New Document Reveals
A new document from Donald Trump’s crypto project, World Liberty Financial (WLF), has revealed that the Trump family is set to receive 75% of the net protocol revenue from the project.
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According to the document, the Trump family will receive 22.5 billion “$WLFI” tokens, currently valued at $337.5 million based on the token's launch price of 1.5 cents. Despite their large share of the revenue, the document emphasizes that neither Trump nor his family members bear any liability, as they are not listed as directors, employees, or managers of WLF or its affiliates. The project claims it has no political ties and is not associated with any political campaign.
The project, which Trump has been promoting under the name “The DeFiant Ones” — a play on decentralized finance (DeFi) — aims to position itself as a crypto bank. Users will be encouraged to borrow, lend, and invest in digital currencies via the platform. The roadmap for the project targets raising $300 million at a $1.5 billion valuation, though, as of Thursday, only $12.9 million worth of tokens had been sold.
The remaining 25% of the net protocol revenue is set to go to Axiom Management Group (AMG), a Puerto Rico-based LLC owned by the project’s co-founders, Chase Herro and Zachary Folkman. A portion of AMG’s revenue rights will be allocated to WC Digital Fi, an entity affiliated with Trump’s close friend and political donor, Steve Witkoff, and his family.
Despite earlier claims that only 20% of the tokens would be allocated to the founding team, the document outlines a different breakdown: 35% of the total token supply is earmarked for sale, 32.5% for community growth, 30% for initial support, and 2.5% for the team and advisors. However, the document notes that these allocations are subject to change.
Trump, identified in the document as the “chief crypto advocate,” has been actively involved in promoting the project alongside his three sons, who are referred to as “Web3 ambassadors.”
Neither WLF nor the Trump Organization has responded to requests for comment on the document.
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