Trump family gets 75% of crypto coin revenue, has no liability, new document reveals

[sabra]

Source: CNBC

Donald Trump’s crypto project, World Liberty Financial, published a 13-page document on Thursday, describing its mission, how tokens can be allocated, and indicating that the Republican presidential nominee and his family could take home 75% of net revenue.

In what it calls the “World Liberty Gold Paper,” WLF said the Trump family will receive 22.5 billion ”$WLFI” tokens, currently valued at $337.5 million, based on the price of 1.5 cents per token at launch this week.

Trump, who’s in a virtual dead heat with Vice President Kamala Harris as the election reaches its closing stages, has spent months pumping his crypto project, previously branding it as “The DeFiant Ones,” a play on DeFi, short for decentralized finance.

...

The paper released on Thursday shows that Trump and his family assume no liability. It indicates that none of them are directors, employees, managers or operators of WLF or its affiliates, and said the project and the tokens “are not political and have no affiliation with any political campaign.”

Read more: https://www.cnbc.com/2024/10/17/trump-crypto-project-allows-ex-president-family-to-make-75percent-of-revenue.html

[bluestarone]

1. How in the hell does this shit happen?

WTF?

[ultralite001]

2. What exactly is 75%

of nothing???

Particularly telling is "no liability"...

🤣🤣🤣

[Solly Mack]

3. Hello sabra. Good to see you.

Always a grift.

[sabra]

12. Been away for awhile... glad to be back :-)

the next few weeks are going to be interesting.

[Solly Mack]

16. Hopefully in a good way.

[WestMichRad]

4. When you heard he would be getting into crypto...

… did you actually think, even for a second, that it wouldn’t be a grift?

[PortTack]

5. Tsf is NOT in a virtual dead heat with VP Harris...that's disinformation!

[AZ8theist]

13. My first thought...

The Reich Wing is flooding the zone with biased polls so it's pushing the average to a tie. A blatant attempt to skew the race in their favor so when the get destroyed in November they can claim it was all "rigged"

This is Ayn Rand-like BULLSHIT.

[BComplex]

17. MSNBC pundits are spreading the same lie.

Just sayin'. And....I totally agree with you.

[duncang]

6. If they aren't actually doing anything

Why do they get 75%?

[muriel_volestrangler]

7. Because the marks wouldn't pay anything if it didn't have a Trump name on it

This is a slightly higher-tech GoFundMe for the Trump family. The purpose is to find people who trust Trump completely when he says "this is great! Buy it!" without asking "why? What does it do?"

[FakeNoose]

8. How many hard-working Americans will lose their life savings on this bullshit?

[AZ8theist]

14. only the effin morons like Loyd there......

[twodogsbarking]

9. Y'all smell something? Like laundry?

[Wiz Imp]

10. Sorry, but anyone stupid enough to get ripped off by Trump deserves it at this point.

[johnnyfins]

11. THIS

[ReRe]

15. Every. Single. One. Of. Them.

a bunch of gd crooks. Thieves. Liars. Cheats. Grifters.

[Vinca]

18. Now taking bets on the date of the crypto crash.

[republianmushroom]

19. A little more fleecing ?

44 months and counting