ChainCatcher reported that according to CNBC, the Trump family launched the crypto project World Liberty Financial (WLF) and released a detailed "World Liberty Gold Paper" document. The document introduces the project's mission and token distribution plan.

According to the document, the Trump family will receive 75% of the project's net proceeds, but will not be held responsible. Specifically, DT Marks DEFI LLC, a Delaware company associated with Trump, will receive 75% of the net agreement income, and the Trump family will receive 22.5 billion WLFI tokens, which is worth about $337.5 million at the issue price of 1.5 cents this week.

The document also emphasized that Trump and his family members are not directors, employees, managers or operators of WLF or its affiliates, and stated 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 Rico 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.