Trump Family to Secure 75 Percent of Crypto Token Revenue through World Liberty Financial

Thursday, 17 October 2024, 22:46

Trump family cryptocurrency platform World Liberty Financial will receive 75 percent of net revenue through DT Marks DEFI LLC. This financial move comes amidst increasing regulatory challenges in the crypto space. Eric Trump and Donald Trump Jr. lead this effort, expected to impact the industry significantly.
Thehill
Trump Family to Secure 75 Percent of Crypto Token Revenue through World Liberty Financial

Overview of the Trump Family's Involvement in Cryptocurrency

The Trump family's cryptocurrency platform, World Liberty Financial, indicates that DT Marks DEFI LLC, a Delaware-based company associated with former President Trump, will receive 75 percent of the protocol revenues from WLF. This launch, spearheaded by Eric Trump and Donald Trump Jr., comes as the crypto industry faces significant scrutiny from the Biden administration and SEC Chair Gary Gensler.

Details on Revenue Structure

Net protocol revenues encompass all earnings from WLF, including platform use fees, token sales, advertising, and more, minus agreed-upon expenses. The platform asserts it remains apolitical, assuring no liabilities are taken on by Trump or his family. A total of $30 million will be reserved for operational costs.

Token Distribution and Management

  • Axiom Management Group, LLC will receive 7.5 billion WLFI tokens.
  • They will also secure 25 percent of the net protocol revenue.
  • To date, the platform has reported a sale of 4 percent of its tokens.

For further details on this development, readers are encouraged to stay informed about ongoing changes in the cryptocurrency landscape.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe