WLF White Paper Trump Family Could Receive 75 of Agreement Revenue without Any Responsibility

WLF White Paper Trump Family Could Receive 75 of Agreement Revenue without Any Responsibility

WLF White Paper Trump Family Could Receive 75 of Agreement Revenue without Any Responsibility

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WLFI Token Sale
Trump-affiliated companies entitled to 75% of agreement revenue
The document known as World Liberty Gold Paper states that the Trump family will receive 2.25 billion “$WLFI” tokens. Based on the price of $0.015 per token at the time of issuance this week, these tokens are currently valued at $337.5 million. The project began selling WLFI tokens on Tuesday and, according to its roadmap, plans to raise $300 million at a valuation of $1.5 billion in the initial sale, with $30 million of token sale revenue reserved for operating expenses and other financial obligations.

However, at the time of writing this article, only 867.93 million tokens were sold, valued at approximately $12.9 million, and the initial $30 million seed funding has not been reached.

Furthermore, the document released on Thursday also indicates that DT Marks DEFI LLC, a Delaware company associated with the Trump family, will receive 75% of the net agreement revenue. The document states that they are not directors, employees, managers, or operators of WLF or its affiliated companies, therefore Trump and his family are not liable for any responsibilities, and emphasizes that the project and tokens are “non-political and unrelated to any political movement.”

WLF claims to be a crypto bank that encourages clients to borrow and invest in digital currencies. The document released on Thursday defines net agreement revenue as WLF’s income from “any source, including but not limited to platform usage fees, token sale revenue, advertising, or other sources of income,” after deducting agreed-upon expenses and WLF operating reserve funds.

The remaining 25% of net agreement revenue will be allocated to Axiom Management Group (AMG), a Puerto Rican company fully owned by co-founders Chase Herro and Zachary Folkman.