Over the next 6 months, Worldcoin will periodically open weekly sales of 1.5 million WLD to companies trading outside the United States.
Worldcoin increases Token supply by 19% - WLD price turns around. Photo: CryptoSlate
On the morning of April 24, Worldcoin decided to increase the WLD supply by 19% within 6 months, through a series of transactions with organizations outside the United States.
Notice of WLD sale posted by the project
World Assets, a subsidiary of the Worldcoin Foundation, will open sales of 0.5 - 1.5 million WLD, worth approximately 8.2 million USD, every week. This means that the circulating supply of WLD will increase by 25 million Token in the near future.
The Retina Identity Project notes that it will negotiate with individual trading companies - especially those competing with each other - to close the deal as closely as possible to the circulating price, Avoid causing negative Price Impact on this Token .
At the current price of 5.5 USD, WLD's market Capital has reached about 1 billion USD and FDV (Fully Diluted Valuation) has also reached 55.7 billion USD. This is a "huge" maximum Capital compared to many other veteran projects in the market such as SOL, ARB, BNB, ADA...
Worldcoin was initiated by Sam Altman, the owner of OpenAI - the technology company behind the AI chatbox ChatGPT that once took the world by storm. Worldcoin 's popularity comes from the idea of scanning the user's retina, in exchange for about 140 USD Airdrop Token .
Despite being investigated by many governments and even forced to suspend operations such as the United Kingdom , Spain , India , Hong Kong , Kenya ..., Worldcoin still proves its appeal. In the testing phase, the project has attracted more than 2 million users globally, serving as a springboard for a $115 million Capital call and launching the World App wallet in May 2023.
WLD price has been increasing non-stop since its listing on many exchanges with record FDV levels. WLD reached an ATH peak at 11,972 USD on March 4 and is adjusting to the 5.5 USD area after news of additional Token sales.
WLD/ USDT 1D chart on Binance floor taken at 12:00 AM on April 24, 2024
Coin68 compiled
Join the discussion on the hottest issues of the DeFi market in the chat group Fomo Sapiens Let's join Coin68 admins!!!
