The draft of the Trump-related cryptocurrency project WLFI shows that 70% of the tokens will be reserved for insiders

ChainCatcher news, according to a draft of the project white paper obtained by CoinDesk, the "governance" cryptocurrency token WLFI will have 70% held by "founders, team, and service providers," which is significantly higher than the internal distribution ratios of other well-known crypto projects. The remaining 30% will be allocated through public sales, with part of the funds used to support project operations.

Industry insiders believe this distribution ratio is unusually high and may raise questions. The WLF team stated that the tokenomics plan has not yet been finalized. The project claims to "return financial power to the people," but the token distribution shows that most power is concentrated in the hands of a few insiders. Additionally, the WLFI token will be non-transferable, possibly to avoid violating securities laws.

It is worth noting that some Trump supporters have warned that the project could affect his electoral prospects and become a target for the SEC. Although members of the Trump family hold multiple roles in the project, the white paper attempts to decouple the project from politics.