Unveiling the Mysterious World of Crypto: Trump’s Ambitious Project
In a surprising move, Donald Trump’s crypto venture, World Liberty Financial, has released a comprehensive 13-page document outlining its mission, token allocation, and revenue distribution. The document, dubbed the “World Liberty Gold Paper,” has sparked curiosity and raised eyebrows among industry insiders.
A Family Affair: Trump’s Stake in WLF
According to the paper, the Trump family is set to receive a staggering 22.5 billion “$WLFI” tokens, valued at $337.5 million, based on the launch price of 1.5 cents per token. This significant stake has raised questions about the project’s transparency and potential conflicts of interest.
The Crypto Bank: Borrow, Lend, and Invest
WLF bills itself as a crypto bank, encouraging customers to engage in digital coin transactions. The project aims to generate revenue through platform use fees, token sales, advertising, and other sources. A whopping 75% of net protocol revenue is earmarked for DT Marks DEFI LLC, a Delaware-based company connected to Trump.
The Revenue Breakdown: Who Gets What?
The document reveals that 25% of net protocol revenue will go to Axiom Management Group (AMG), a Puerto Rico LLC owned by co-founders Chase Herro and Zachary Folkman. AMG has agreed to allocate half of its rights to net protocol revenues to WC Digital Fi, an affiliate of Trump’s close friend and political donor, Steve Witkoff.
Token Allocation: A Complex Web
The paper outlines the anticipated coin allocation, with 35% allocated to the token sale, 32.5% to community growth and incentives, 30% to initial support allocation, and 2.5% to team and advisors. However, the fine print notes that these figures are subject to change, leaving many wondering which categories include Trump and his family.
The Trump Family’s Role: Advocates and Ambassadors
Donald Trump is dubbed the “chief crypto advocate,” while his three sons are listed as “Web3 ambassadors.” The paper’s language has sparked debate about the project’s political ties and potential conflicts of interest.
As the crypto world continues to evolve, one thing is clear: World Liberty Financial’s ambitious project has raised more questions than answers. Will Trump’s venture revolutionize the crypto landscape, or will it succumb to controversy and scrutiny? Only time will tell.
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