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sabra

(30,406 posts) Thu Oct 17, 2024, 04:24 PM Oct 17

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

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

19 replies

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Highlight:

Trump family gets 75% of crypto coin revenue, has no liability, new document reveals (Original Post) sabra Oct 17 OP

How in the hell does this shit happen? bluestarone Oct 17 #1

What exactly is 75% ultralite001 Oct 17 #2

Hello sabra. Good to see you. Solly Mack Oct 17 #3

Been away for awhile... glad to be back :-) sabra Oct 17 #12

Hopefully in a good way. Solly Mack Oct 18 #16

When you heard he would be getting into crypto... WestMichRad Oct 17 #4

Tsf is NOT in a virtual dead heat with VP Harris...that's disinformation! PortTack Oct 17 #5

My first thought... AZ8theist Oct 17 #13

MSNBC pundits are spreading the same lie. BComplex Oct 18 #17

If they aren't actually doing anything duncang Oct 17 #6

Because the marks wouldn't pay anything if it didn't have a Trump name on it muriel_volestrangler Oct 17 #7

How many hard-working Americans will lose their life savings on this bullshit? FakeNoose Oct 17 #8

only the effin morons like Loyd there...... AZ8theist Oct 17 #14

Y'all smell something? Like laundry? twodogsbarking Oct 17 #9

Sorry, but anyone stupid enough to get ripped off by Trump deserves it at this point. Wiz Imp Oct 17 #10

THIS johnnyfins Oct 17 #11

Every. Single. One. Of. Them. ReRe Oct 18 #15

Now taking bets on the date of the crypto crash. Vinca Oct 18 #18

A little more fleecing ? republianmushroom Oct 18 #19

bluestarone

(18,223 posts)

1. How in the hell does this shit happen?

Reply to sabra (Original post)

Thu Oct 17, 2024, 04:32 PM

Oct 17

WTF?

ultralite001

(1,136 posts)

2. What exactly is 75%

Reply to sabra (Original post)

Thu Oct 17, 2024, 04:34 PM

Oct 17

of nothing???

Particularly telling is "no liability"...

🤣🤣🤣

Solly Mack

(92,766 posts)

3. Hello sabra. Good to see you.

Reply to sabra (Original post)

Thu Oct 17, 2024, 04:42 PM

Oct 17

Always a grift.

sabra

(30,406 posts)

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

Reply to Solly Mack (Reply #3)

Thu Oct 17, 2024, 10:25 PM

Oct 17

the next few weeks are going to be interesting.

Solly Mack

(92,766 posts)

16. Hopefully in a good way.

Reply to sabra (Reply #12)

Fri Oct 18, 2024, 06:39 AM

Oct 18

WestMichRad

(1,805 posts)

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

Reply to sabra (Original post)

Thu Oct 17, 2024, 04:51 PM

Oct 17

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

PortTack

(34,643 posts)

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

Reply to sabra (Original post)

Thu Oct 17, 2024, 05:02 PM

Oct 17

AZ8theist

(6,491 posts)

13. My first thought...

Reply to PortTack (Reply #5)

Thu Oct 17, 2024, 11:08 PM

Oct 17

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

(9,075 posts)

17. MSNBC pundits are spreading the same lie.

Reply to AZ8theist (Reply #13)

Fri Oct 18, 2024, 07:01 AM

Oct 18

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

duncang

(3,593 posts)

6. If they aren't actually doing anything

Reply to sabra (Original post)

Thu Oct 17, 2024, 05:44 PM

Oct 17

Why do they get 75%?

muriel_volestrangler

(102,476 posts)

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

Reply to duncang (Reply #6)

Thu Oct 17, 2024, 05:49 PM

Oct 17

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?"