Imagine you're launching a new crypto project. Who do you think would get the majority of the profits? In the case of Donald Trump's World Liberty Financial, it's his family. They're set to receive 75% of the net revenue from the project. This is according to a 13-page document called the "World Liberty Gold Paper" released by the company.
So, what does this mean? Trump and his family will get 22.5 billion "$WLFI" tokens. That's a lot of tokens! These tokens are currently valued at $337.5 million. That's based on the price of 1.5 cents per token at the launch this week.
The project, previously known as "The DeFiant Ones," aims to raise $300 million at a $1.5 billion valuation. But as of now, only $12.9 million worth of tokens have been sold.
The paper also says that Trump and his family won't be held liable for anything that goes wrong. They're not directors, employees, or operators of the project. The project and tokens are not political, according to the paper.
But here's where it gets interesting. The remaining 25% of the net protocol revenue is going to a company called Axiom Management Group. This company is owned by two co-founders, Chase Herro and Zachary Folkman. Folkman has worked on other crypto projects before, like Dough Finance.
AMG has agreed to share half of its rights to net protocol revenues with another company, WC Digital Fi. This company is connected to Steve Witkoff, a close friend and political donor of Trump. Witkoff's son is also a co-founder of the project.
The paper also specifies that these token distribution amounts could change. It's not clear exactly how many tokens Trump and his family will get. But one thing is clear: they're the ones who stand to gain the most from this project.
The document calls Trump the "chief crypto advocate" and his three sons are "Web3 ambassadors."
