Justin Sun recently announced a $30 million investment in the Trump family DeFi project WLFI, which exceeded the minimum sales target. According to the terms detailed in WLFI's "Gold Paper", the Trump family can now receive at least $15 million. (Bloomberg)
Previously, the Trump family's crypto project World Liberty Financial released a 13-page "World Liberty Gold Paper" document detailing the project's mission and token distribution plan. The document shows that the Trump family will receive 75% of the project's net proceeds without any responsibility.
The document emphasizes that Trump and his family members are not directors, employees, managers or operators of WLF or its affiliates, and states that the project and tokens "have nothing to do with any political activities."
The remaining 25% of the net agreement income will belong to Axiom Management Group (AMG), a Puerto Rican company wholly owned by project co-founders Chase Herro and Zachary Folkman. AMG has agreed to give half of its proceeds to WC Digital Fi, a company affiliated with Trump confidant and political donor Steve Witkoff and some of his family members.