Trump and his partners netted $390 million from WLFI token sales

PANews March 18th news, according to Decrypt, the Trump family's DeFi project World Liberty Financial (WLFI) announced on Monday that it had completed a $550 million sales of WLFI governance tokens. According to World Liberty’s gold filing, Trump and his business partners will receive 75% of the project’s net revenue after deducting operating costs, including WLFI token sales. Of the funds raised from WLFI sales, $30 million has been designated to pay for company fees, compensation and obligations. According to the project’s golden documents, Trump and his partners at DT Marks DEFI LLC will receive 75% of the remaining amount — a total of $390 million — as a reward for Trump to promote the project “from time to time” and allow him to use his name and image. It is not clear who else will receive funds from the LLC besides the president himself. DT Marks DEFI is located in Jupiter, Florida, and is located at the Trump Organization's executive office, according to SEC documents.