The unlock schedule for 80% of WLD tokens allocated to investors, Tools for Humanity developers and early participants in the Worldcoin project has been extended from three to five years.
According to statementthese coins will begin to enter circulation on July 24.
Currently, over six million users have been verified with Orb and have a World ID – a secure and anonymous digital passport.
The project pays for identity verification in tokens. World ID holders have already claimed approximately 211 million WLD, which is over 77% of the 275 million WLD in circulation.
Regarding Worldcoin early participant tokens, it was previously assumed that they would be unlocked linearly over three years. According to the updated tokenomics, this period has been extended to five years, which will slow down the growth of the coin’s market supply.
Starting July 24, about 2 million WLD will enter the market daily, compared to about 3.3 million tokens according to the original plan.
Against the backdrop of the statement, the price of WLD has grown by more than 34% over the past 24 hours, and by 51% over the week. The token is trading at $2.9. Capitalization has reached ~$806 million, the asset has reached 101st place in terms of the indicator (CoinGecko).
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Source: Cryptocurrency
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