đšđ„ The storm is intensifying for Worldcoin! The enigmatic cryptocurrency project is once again under fire, and this time, the controversy is hot! đ„
Worldcoin, already shrouded in mystery, is facing a series of serious allegations: token dilution, market manipulation, and now accusations of insider trading! Some experts go so far as to call this token âthe biggest scam of this bull cycleâ. With only 2.7% of WLD tokens in circulation and a potential total market capitalization of $22.4 billion, the imbalance is glaring.
Currently, out of a total supply of 10 billion WLD, only 288.9 million are in circulation. This situation could lead to massive dilution of the value of the tokens once the rest of the tokens are released. Indeed, if only 10% of the total supply is in circulation, the price per token is maintained by a value based on this limited supply, but introducing the remaining 90% could cause this price to collapse.
Worldcoin's strategy of offering a digital identity in exchange for an iris scan might seem futuristic, but it is not without complications. Although more than six million people have signed up, concerns arise over âinternal unlocksâ of the tokens. The team is accused of manipulating prices to maintain a valuation of $30 billion and using news to hide possible overvaluation of the token.
Regulators are not left out. Many countries have banned Worldcoin due to privacy concerns. Criticisms relate to the lack of clear information on the processing of biometric data and the protection of minors.
For now, it is difficult to predict whether these obstacles for Worldcoin $WLD will be temporary or whether the technology will emerge triumphant. What is certain is that the situation is far from being resolved and that vigilance remains essential.
â€ïž Like | đŹ Comment | âȘïž Share đ
đ„ Please follow @Coinaute e Binance Square account ! đđ„
Binance Square #coinaute
