New document unveils that the Trump family receives 75% of crypto coin revenue with no liability.

• In a 13-page paper, World Liberty Financial, a crypto project backed by Donald Trump, presented a comprehensive guide on how coins can be distributed.
• An entity named DT Marks DEFI LLC, linked to the former president, will receive 75% of the net protocol revenues, as indicated in the document.
• Axiom Management Group, or AMG, a Puerto Rico LLC wholly owned by project co-founders Chase Herro and Zachary Folkman, will receive 25% of net protocol revenue.

On Thursday, World Liberty Financial, a crypto project backed by Donald Trump, released a 13-page document detailing its objectives, token distribution, and revealing that the Republican presidential candidate and his family could potentially receive 75% of the net revenue.

The "World Liberty Gold Paper" stated that the Trump family will receive 22.5 billion "$WLFI" tokens, currently worth $337.5 million, upon the launch of the tokens at a price of 1.5 cents per token.

As the election nears its end, Trump, who is currently tied with Vice President Kamala Harris, has spent months promoting his crypto project, which he previously called "The DeFiant Ones," a play on DeFi, short for decentralized finance.

The WLFI token was launched on Tuesday with a roadmap stating a goal of raising $300 million at a $1.5 billion valuation during its initial sale. However, as of Thursday, only $12.9 million worth of the token have been sold, according to its website.

The paper released on Thursday confirms that Trump and his family have no liability in the WLF project. It states that none of them are involved in the project as directors, employees, managers, or operators, and the paper emphasizes that the project and tokens are not associated with any political campaign.

Neither WLF nor the Trump campaign immediately responded to a request for comment.

White papers are typically released by crypto projects prior to the launch of their coins, providing investors with information on the mission, goals, and allocation of future tokens. According to WLF's paper, DT Marks DEFI LLC, a Delaware-based company linked to the former president, is expected to receive three-quarters of the net protocol revenues.

WLF is a crypto bank that aims to promote borrowing, lending, and investing in digital coins. The document released on Thursday defines net protocol revenue as the income earned by WLF from various sources, including platform use fees, token sale proceeds, advertising, and other revenue streams, after deducting agreed expenses and reserves for the bank's continued operations.

Of the initial revenue, $30 million is reserved to cover operating expenses and other financial obligations.

The remaining 25% of net protocol revenue will be allocated to Axiom Management Group, a Puerto Rico LLC owned by Chase Herro and Zachary Folkman, two of the co-founders.

Herro previously worked on Dough Finance and launched Pacer Capital, a crypto trading business that is now defunct.

AMG has agreed to allocate half of its rights to net protocol revenues to an affiliate of Trump's close friend and political donor, Steve Witkoff, as well as to "certain of his family members," including his son Zachary, who is also listed as one of the co-founders of the project.

The paper outlines the anticipated coin allocation, with 35% of the total supply allocated to the token sale, 32.5% to community growth and incentives, 30% to initial support allocation, and 2.5% to team and advisors.

The document states that the "anticipated token distribution amounts are subject to change," and it's unclear which categories include Trump and his family.

Trump is referred to as the "chief crypto advocate" in the paper. His three sons are all "Web3 ambassadors."

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