According to TechFlow, World Liberty Financial (WLFI), a new crypto lending platform promoted by former US President Donald Trump and his family members, has caused controversy.

According to a draft of the project’s white paper obtained by CoinDesk, 70% of WLFI’s “governance” crypto token, WLFI, will be held by “founders, team and service providers,” far higher than the internal allocation ratios of other well-known crypto projects.

The remaining 30% will be allocated through public sales, and part of the funds will be used to support project operations.

Industry insiders believe that this distribution ratio is abnormally high and may raise questions. The WLF team said that the token economics plan has not yet been finalized.

The project claims to “give financial power back to the people,” but token distribution shows that most of the power is concentrated in the hands of a few insiders. In addition, WLFI tokens will be non-transferable, probably to avoid violating securities laws.

It is worth noting that some Trump supporters warned that the project could affect their electoral prospects and become a target of the SEC. Although Trump family members have multiple roles in the project, the white paper attempts to decouple the project from politics.