US President Donald Trump and his enterprise companions at DT Marks DEFI LLC have earned about $390 million from their involvement within the Ethereum
Initially, the undertaking struggled to draw consumers. When WLFI launched token gross sales in October 2024, solely $15 million value of WLFI tokens had been offered—far in need of its $300 million aim. Nonetheless, curiosity grew over time, which allowed the undertaking to surpass half a billion in gross sales.
The corporate accomplished its second spherical of token gross sales on March 17, which introduced whole income from WLFI, its governance token, to $550 million.
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In line with the undertaking’s monetary paperwork, President Trump and his companions obtain 75% of web income after bills, which incorporates earnings from token gross sales.
Out of the entire raised, $30 million has been put aside for operational prices and different obligations. The remaining quantity is then divided, with President Trump’s group receiving the bulk share. The undertaking’s paperwork specify that his compensation is for infrequent promotions and the usage of his identify and picture.
It’s unclear who else advantages from these funds. The Securities and Alternate Fee (SEC) filings present that DT Marks DEFI LLC, the entity tied to President Trump on this settlement, operates from the identical tackle as his firm’s workplaces in Florida.
In the meantime, consumers of President Trump’s official merchandise or digital collectibles can declare the Official Trump (TRUMP) token giveaway. What did the workforce behind the undertaking say about it? Learn the total story.
Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Struggle II period.
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