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

www.cnbc.com

cross-posted to:
technology@lemmy.world

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

www.cnbc.com

SatansMaggotyCumFart@lemmy.worldM to

Politics Without Trolls@lemmy.worldEnglish · 18 days ago

cross-posted to:
technology@lemmy.world

Donald Trump's crypto project, World Liberty Financial, published a 13-page paper on Thursday laying out its mission and how tokens get allocated.

In a 13-page paper, Donald Trump’s crypto project, World Liberty Financial, provided a high-level overview of how coins can get allocated.

The document indicated that an entity named DT Marks DEFI LLC, which is connected to the former president, is set to receive 75% of the net protocol revenues.

The remaining 25% of net protocol revenue is set to go to Axiom Management Group, or AMG, a Puerto Rico LLC wholly owned by project co-founders Chase Herro and Zachary Folkman.

You must log in or register to comment.

Chat

Politics Without Trolls@lemmy.world

politics_no_um@lemmy.world

Create a post

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !politics_no_um@lemmy.world

Welcome to the discussion of US Politics!

Rules:

No shitposters, trolls, paid influencers, bad faith actors, organisations, or foreign government agencies. Should there be any question, your true intent will be determined on a case by case basis decided by your post frequency and overall reputation within the wider Lemmy community.
Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. - Do not post entire articles in the body or in the comments.
Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive.
Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
No Universal Monk

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That’s all the rules!

Civic Links

• Register To Vote

• Citizenship Resource Center

• Congressional Awards Program

• Federal Government Agencies

• Library of Congress Legislative Resources

• The White House

• U.S. House of Representatives

• U.S. Senate

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

1 user / day
62 users / week
1.01K users / month
1.01K users / 6 months
1 local subscriber
64 subscribers
144 Posts
264 Comments
Modlog