Worldcoin 's WLD Token supply will increase by 19% in the next 6 months

In an April 23 blog post , Worldcoin Chia that World Assets – a subsidiary of the Worldcoin Foundation in charge of Token Issuance – will sell 1.5 million WLD Token (worth approximately $8.2 million). each week through a series of private sales to a select group of trading companies operating outside the United States.

“World Assets is expected to sell an Medium of 0.5 million to 1.5 million WLD per week. Therefore, the circulating supply of WLD will increase accordingly.”

The increase of up to 1.5 million WLD Token per week for six months equates to a supply increase of 36 million new Token hitting the market (valued at about $197 million) according to CoinGecko data .

With a current circulating supply of 193 million WLD Token , upcoming private sales represent an increase of approximately 18.6% compared to the current total circulating supply.

Worldcoin noted that it will negotiate with commercial companies, especially those competing with each other, to conduct private sales rounds at the "closest possible" price of WLD Token circulating in the current market. , to minimize the potential Price Impact on the Token.

At current prices, Worldcoin has a market Capital of $1 billion. However, the Fully Diluted Value reached 54.5 billion USD, much higher than the circulating Capital value.

Launching in beta in July 2023, Worldcoin was founded by OpenAI CEO Sam Altman, current Wolrdcoin CEO Alex Blania and Max Novendstern, who is also CEO of the company's fellows Mana metric.

Worldcoin is a cryptocurrency-based digital identity project that provides a solution to identity problems caused by the rapid development of AI as well as opens up a new universal basic income model through WLD token.

Worldcoin users register their identities with the “World App” by scanning their retinas at machines called “Orbs” by the project. In exchange for their biometric data, users are paid around 25 Worldcoin – currently worth around $137 USD.