The Trump Crypto Project: A Family Affair with Big Rewards

Imagine the Trump family getting a massive 75% of the revenue from a new crypto coin project. It’s like they’ve hit the jackpot! The project, called World Liberty Financial, launched this week with a big promise. They plan to raise $300 million by selling tokens worth $1.5 billion. But here’s what’s surprising: the Trump family won’t have any liability at all. They won’t be managing or running the show. They’ll just be sitting pretty while the money rolls in. This crypto bank wants people to borrow, lend, and invest in digital coins. They’ve got a plan to make $30 million in initial revenue, which will be kept in a reserve for expenses. The rest of the revenue will be shared by two groups. One group is connected to former president Donald Trump. The other group is owned by two guys who’ve been around the crypto scene for a while. They’ll get 25% of the revenue.

But here’s where things get interesting. The guys who own the other 25% have agreed to share half of their earnings with a company linked to Steve Witkoff, a close friend and donor to Trump. It’s like a big game of crypto musical chairs! The paper from the project says that Trump and his family will get 22.5 billion tokens, worth $337.5 million based on the current price. But wait, there’s more! The document says these numbers could change. It’s like they’re trying to keep their options open. And get this: Trump is the “chief crypto advocate,” while his three sons are “Web3 ambassadors.” It’s a family affair with a big crypto twist!

Actions