Trump's Crypto Project Reveals Revenue Allocation Details with DT Marks DEFI LLC and Axiom Management Group
ICARO Media Group
**Trump's Crypto Project Allocates Major Share of Revenue to Family, Partners**
Donald Trump’s recently unveiled crypto project, World Liberty Financial (WLF), has drawn attention with the release of a 13-page document detailing its operations and revenue allocation plans. The document reveals that an entity closely tied to Trump, DT Marks DEFI LLC, is set to receive 75% of the net protocol revenues. The remaining 25% will go to Axiom Management Group (AMG), a Puerto Rico-based LLC founded by Chase Herro and Zachary Folkman.
According to the "World Liberty Gold Paper," Trump and his family are slated to receive 22.5 billion tokens, currently worth $337.5 million based on the token's initial price of 1.5 cents each. These figures are part of a broader strategy that aims to solidify WLF's presence in the burgeoning cryptocurrency market.
WLF launched the WLFI token earlier this week and aims to raise $300 million, targeting a valuation of $1.5 billion. However, by Thursday, the token sale had garnered only $12.9 million. The project’s roadmap outlines plans to earmark $30 million of initial revenue for covering operating expenses and other financial obligations.
The paper also underscores that Trump and his family will not bear any liability and do not occupy formal roles within WLF or its affiliates. The document emphasizes that the project is non-political, with no ties to any political campaign.
In addition to Trump’s substantial share, AMG will receive 25% of the net protocol revenues. AMG has agreed to allocate half of its share to WC Digital Fi, an LLC affiliated with Trump’s close friend and political donor, Steve Witkoff, and his family members. Witkoff’s son, Zachary, is also one of the co-founders of the project.
The token distribution outlined in the document allocates 35% of the total supply to the token sale, 32.5% to community growth and incentives, 30% to initial support, and 2.5% to team and advisors. However, the specifics of these allocations, including the portion involving Trump and his family, are subject to change.
This venture, branded previously as "The DeFiant Ones," reflects Trump's efforts to capitalize on the growing decentralized finance (DeFi) sector, despite the current uncertainties in the crypto market.