Worldcoin Prepares to Increase WLD Supply by 19%, World Assets Ltd Prepares for Exits!
Innovative digital identity initiative Worldcoin has announced intentions to significantly increase the circulation of its flagship token, WLD, by up to 19% over the next half year.
This strategic move encompasses private sales to institutional trading entities beyond the United States, overseen by World Assets Ltd., a branch of the esteemed Worldcoin Foundation.
Detailed description of the increase in Worldcoin supply.
In an official announcement on April 23, Worldcoin revealed its intention to increase the circulating supply of WLD through a series of private placements. World Assets Ltd. will oversee the sale of up to 1.5 million WLD tokens per week, with a total value of more than $8.2 million. This incremental injection of supply is projected to introduce approximately 36 million new tokens into circulation over the designated six-month period, constituting a substantial 18.6% expansion of the total available supply of the token.
The reason behind this strategic maneuver is multifaceted. By leveraging private sales to institutional trading companies, Worldcoin aims to strengthen the liquidity profile of the WLD token and encourage deeper market penetration. Despite Worldcoin's current market capitalization of $1 billion, it is essential to recognize the disparity with its fully diluted value (FDV). of $54.5 billion, underscoring the importance of this increase in supply in unlocking latent value within the ecosystem.
