PANews reported on March 18 that according to Decrypt, the Trump family DeFi project World Liberty Financial (WLFI) announced on Monday that it had completed the sale of $550 million WLFI governance tokens. According to World Liberty's gold documents, after deducting operating costs, Trump and his business partners will receive 75% of the project's net income, including the WLFI token sale. Of the funds raised from the WLFI sale, $30 million has been designated to pay company expenses, compensation and obligations. According to the project's gold documents, Trump and his partners in DT Marks DEFI LLC will receive 75% of the remaining amount - a total of $390 million - as compensation for Trump's "from time to time" promotion of the project and allowing it to use his name and image. It is not clear who else will receive funds from the LLC besides the president himself. According to SEC documents, DT Marks DEFI is located in Jupiter, Florida, with an address for the Trump Organization's executive office.
Trump and partners net $390 million from WLFI token sale
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