đ¨đ¨FTX to Auction $38M Worth of Worldcoin Tokens â Hereâs What You Need to Knowđ¨đ¨
The FTX bankruptcy estate is gearing up to auction off a huge batch of 22 million Worldcoin ($WLD) tokens, valued at about $38 million, on October 3, 2024. This auction is a part of FTXâs efforts to recover funds following its collapse, and it could offer buyers a chance to grab these tokens at a significant discount, potentially up to 75% off.
If youâre interested in participating, youâll need to act fast. Bids must be submitted by 8 pm UTC on the same day, with a minimum bid of $2.5 million required to join in. While this is an exciting opportunity for some, thereâs a catch,the tokens will not fully unlock until 2028.
Starting December 1, 2024, about 20,000 Worldcoin tokens will unlock daily. Then, in July 2026, the pace will slow to 14,000 tokens per day until the unlocking period ends in 2028.
With Worldcoinâs market currently valued at $792 million and a circulating supply of 494 million tokens, this auction presents a unique chance for buyers looking to invest in $WLD tokens at a potential bargain. Will you take the plunge and join the bidding?
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