A draft white paper from World Liberty Financial, the Trump family crypto project, obtained by CoinDesk, promises that most power will be concentrated in the hands of a few insiders: 70 per cent of the project's "governance" crypto token, WLFI, will be "owned by founders, teams and service providers".
According to the white paper, the remaining 30 per cent will be distributed through a "public sale", with some of the money raised going to project insiders, but some will remain in the vault "to support the operations of World Liberty Financial".
However, according to people familiar with the matter, World Liberty Financial has not yet finalized its plans.
70% of the Trump family crypto project token WLFI will be held by founders, teams, and service providers
2024-09-04 16:23:42
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