According to Foresight News, the draft white paper of the Trump family's crypto project World Liberty Financial shows that up to 70% of the project's tokens will be reserved for founders, teams and service providers, and the founding team will also receive a portion of the proceeds from the remaining 30% of tokens allocated through public sales.

When asked whether a 70% allocation to insiders was high, one source who advises projects on such questions responded, “LMAO, that’s a joke.” World Liberty Financial has not yet finalized its plans, according to a person familiar with the project.

According to the white paper, all WLFI will be non-transferable and locked in a wallet or smart contract indefinitely until then (if ever) the WLFI is unlocked through the protocol governance process in a manner that does not violate applicable law. Earlier this week, CoinDesk revealed World Liberty Financial’s connection to Dough Finance, a recently hacked lending app whose founder Zak Folkman was officially registered as the owner of World Liberty Financial LLC.