Trump family gets 75% of crypto coin revenue, has no liability, new document reveals
Trump family gets 75% of crypto coin revenue, has no liability, new document reveals
www.cnbc.com Trump family gets 75% of crypto coin revenue, has no liability, new document reveals
Donald Trump's crypto project, World Liberty Financial, published a 13-page paper on Thursday laying out its mission and how tokens get allocated.
In a 13-page paper, Donald Trump’s crypto project, World Liberty Financial, provided a high-level overview of how coins can get allocated.
The document indicated that an entity named DT Marks DEFI LLC, which is connected to the former president, is set to receive 75% of the net protocol revenues.
The remaining 25% of net protocol revenue is set to go to Axiom Management Group, or AMG, a Puerto Rico LLC wholly owned by project co-founders Chase Herro and Zachary Folkman.
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