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 venture struggled to draw consumers. When WLFI launched token gross sales in October 2024, solely $15 million value of WLFI tokens had been offered—far wanting its $300 million objective. Nevertheless, curiosity grew over time, which allowed the venture to surpass half a billion in gross sales.
The corporate accomplished its second spherical of token gross sales on March 17, which introduced complete income from WLFI, its governance token, to $550 million.
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In keeping with the venture’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 venture’s paperwork specify that his compensation is for infrequent promotions and the usage of his title and picture.
It’s unclear who else advantages from these funds. The Securities and Trade Fee (SEC) filings present that DT Marks DEFI LLC, the entity tied to President Trump on this settlement, operates from the identical deal with as his firm’s places of work 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 crew behind the venture 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 Conflict II period.
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