- Early investors and team members will have their Worldcoin token lockups extended from three to five years.
- Over the course of five years, starting on July 24, 2024, TFH’s WLD tokens will unlock every day.
The decentralized identification project Worldcoin (WLD) has announced a major extension of token lockups for team members and early investors.
Worldcoin Early Investors and Team Members Have Extended Token Lockups
The primary creator of the project, Tools For Humanity (TFH), said that the three-year Worldcoin token lockup period will now be extended to five years. This action seeks to support Worldcoin’s sustainability objectives and long-term mission.
Tokens assigned to TFH’s investors and team members will progressively unlock on a daily basis starting on July 24, 2024, according to a recent blog post by Worldcoin. The modification aims to maintain project growth while reducing market effects.
A key component of their decentralized identification ecosystem, the project highlights that WLD grants for confirmed World ID holders are unaffected by the prolongation of Worldcoin token lockups. More than 211 million World ID holders have already claimed WLD tokens, making up more than 77% of the 275 million WLD that are currently in circulation.
Technique of Gradual Unlocking Used by Tools for Humanity
In order to assist the project’s long-term sustainability efforts, 7.22 billion WLD are still available in the Worldcoin Community pool, which is overseen by World Assets Ltd. and the Worldcoin Foundation.
According to Coincu data, WLD values have soared since the announcement, rising 20% every day and reaching $2.35 per token. Growing investor confidence in Worldcoin’s strategic choices and long-term sustainability is reflected in this optimistic trend.
Sam Altman, the CEO of OpenAI, launched Worldcoin, which gained notice last year when it completed a $115 million Series C fundraising round to advance its decentralized identification projects and global presence.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
