What's the potential of World Coin $WLD?
WLD from World Coin for listed on Binance and other exchanges today, with a highest price above $5. It's currently trading at $2.52 per token.
The big question is; should you buy?
I've thought hard about it, and it's hard to see the potential for an upside here. Here's why.
🔸 WLD has total supply of 10 billion
🔸 Only 104 million in circulation (1%)
🔸 80% tokens reserved for the community
🔸 Market cap =$267 million
🔸 FDV = 26.7 billion
With only 1% tokens in circulation, prepare for serious dilution as more tokens are released.
Yes, AI stuffs have crazy valuations. But 1% initial circulating tokens is a horrible idea.
Since 8 billion tokens are reserved for the community, my advice will be to see how to claim some of those tokens for free, rather than buying.