Worldcoin plans to raise the supply of WLD tokens by up to 19% in the following 6 months.
The available supply of WLD will rise in tandem with World Assets’ projected weekly sales.
In a series of private sales to institutions outside the US, Worldcoin led by Sam Altman plans to raise the supply of its WLD token by up to 19% in the following six months.
In a blog post published on April 23, Worldcoin announced that World Assets, a division of the Worldcoin Foundation responsible for issuing tokens, will sell up to 1.5 million WLD, or approximately worth $8.2 million, weekly through a string of “private placements to a select group of institutional trading firms” based outside the United States. According to Worldcoin, the available supply of WLD will rise in tandem with World Assets’ projected weekly sales of half a million to 1.5 million WLD.
Limiting Potential Influence on Token’s Price
According to CoinMarketCap, the current market value of WLD tokens is around
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