World Liberty Financial, Donald Trump’s crypto project, released a 13-page document detailing its mission, token allocation, and potential revenue distribution. According to the “World Liberty Gold Paper,” the Trump family could receive 75% of net revenue, with Trump and his family members set to receive 22.5 billion “$WLFI” tokens valued at $337.5 million. The project, previously known as “The DeFiant Ones,” aims to raise $300 million at a $1.5 billion valuation through the sale of WLFI tokens. However, only $12.9 million worth of tokens have been sold so far.
The paper emphasizes that neither Trump nor his family assume any liability and are not involved in the management of WLF or its affiliates. It states that the project and tokens are not politically affiliated with any campaign. The majority of net protocol revenue, three-quarters, is set to go to a Delaware-based company connected to Trump named DT Marks DEFI LLC, with the remaining 25% allocated to Axiom Management Group (AMG), a Puerto Rico LLC owned by Chase Herro and Zachary Folkman, two of the co-founders. Additionally, half of AMG’s rights to revenue will be allocated to an affiliate of Trump’s friend and political donor Steve Witkoff.
WLF positions itself as a crypto bank where customers can borrow, lend, and invest in digital coins. Net protocol revenue is defined as income to WLF from various sources, including platform use fees, advertising, and token sale proceeds, after deducting expenses and reserves for operations. A reserve of $30 million will be set aside for operating expenses and financial obligations. AMG has agreed to allocate some of its revenue to WC Digital Fi, an affiliate of Steve Witkoff and certain family members, with co-founder Zachary Folkman previously stating that 20% of tokens would go to the founding team.
The breakdown of anticipated WLFI token allocation includes 35% for the token sale, 32.5% for community growth and incentives, 30% for initial support allocation, and 2.5% for team and advisors. Trump is referred to as the “chief crypto advocate,” and his sons are named as “Web3 ambassadors.” The paper notes that these allocation amounts are subject to change, and it is unclear which categories include Trump and his family. The project’s white paper provides insight into its goals, mission, and future plans for token distribution, following the standard practice in the crypto industry.
Despite the detailed information provided in the World Liberty Gold Paper, the project has faced challenges in token sales, with only a small percentage of the target amount raised so far. The project’s launch of the WLFI token and its roadmap to raise $300 million have not yet met expectations. The future success of World Liberty Financial will depend on its ability to attract investors, build a community of users, and establish itself as a credible player in the competitive crypto market.
