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Trump Family Grabs 75% of Crypto Revenue from World Liberty Financial

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By on October 18, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
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The post Trump Family Grabs 75% of Crypto Revenue from World Liberty Financial appeared first on Coinpedia Fintech News

A newly published document reveals that Donald Trump’s crypto project, World Liberty Financial (WLF), allocates 75% of net protocol revenues to the Trump family, amounting to $337.5 million in WLFI tokens. The family assumes no liability and is not directly involved in operations. The remaining 25% of revenue goes to Axiom Management Group, co-founded by Chase Herro and Zachary Folkman. WLF aims to raise $300 million with a $1.5 billion valuation, but only $12.9 million has been sold so far.

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