Sun Yuchen recently announced an investment of $30 million into the Trump family's DeFi project WLFI, exceeding the minimum sales target. According to the terms outlined in WLFI's 'Gold Paper', the Trump family can now receive at least $15 million. (Bloomberg)
Previously, the Trump family's cryptocurrency 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 profits, while bearing no liability.
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 'are not related to any political activities.'
The remaining 25% of the net agreement revenue will belong to the Puerto Rican company Axiom Management Group (AMG), wholly owned by project co-founders Chase Herro and Zachary Folkman. AMG has agreed to allocate half of its revenue rights to Trump's close friend and political donor Steve Witkoff and associated companies of some of his family members, WC Digital Fi.