Date: Fri, Sept 13, 2024, 06:15 AM GMT
Worldcoin (WLD), the ambitious project aiming to create the world’s largest privacy-preserving identity and financial network, has seen a notable surge in the market today. The token's price increased by 6.20%, bringing its current value to $1.49 and pushing its market capitalization to $648 million.
However, despite this recent uptick, Worldcoin’s overall performance paints a different picture. The token has struggled to maintain its momentum since reaching an all-time high of $11.97 on March 11, 2024, during the height of the AI and ChatGPT hype. Currently, $WLD is down a staggering 85% from its peak.

Amid this backdrop, concerns over Worldcoin’s tokenomics have been raised by crypto investor @AltbriMarius on the X platform. He expressed serious doubts about the sustainability of Worldcoin’s economic model, stating:

“WLD has the bad tokenomics right now. WLD currently has a daily unlock of 3.4 million tokens ($4.75 million) and a monthly unlock of 102 million tokens ($140 million). Worldcoin investors receive 1.3 million WLD daily and the Worldcoin team receives 1.8 million tokens daily. That’s a high sell pressure of $140 million monthly considering that $WLD ’s circulating market cap is only $600 million. I think short-term pump and dumps should be expected more often on WLD to attract buyers for exit liquidity but for long-term price forecast…”

The investor’s concerns highlight the potential risks associated with Worldcoin’s current token distribution strategy. With such a large volume of tokens being unlocked and distributed daily and monthly, there is significant selling pressure that could hinder long-term price stability.
While the recent price increase may offer some optimism to short-term traders, the sustainability of WLD’s value remains uncertain in the eyes of some investors. As Worldcoin continues to develop and expand its network, how it manages these tokenomics challenges will likely play a crucial role in its future success.

Get more updates at: coinsprobe.com
Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial advice.
#Worldcoin​
#WLD
#NFA✅

Hold onto your crypto hats, folks, because the market's brewing a potent cocktail of controversy and anticipation! Here's a quick dive into the hottest trends:️ Worldcoin's Eye-Scanning Orb Lands on Reddit: Remember Worldcoin, the project promising universal basic income in exchange for an eye scan? Yeah, they're teaming up with Reddit and Microsoft, raising eyebrows (and privacy concerns) across the cryptosphere.World ID 2.0 Is this a dystopian plot twist or a genuine innovation? You decide!⏳ Ethereum ETF Delay: Patience is a Virtue: The SEC just threw a curveball, pushing back the decision on Invesco and Galaxy Digital's Ethereum ETF to February 2024. SEC ConferenceThis doesn't necessarily mean doom and gloom – it could just signal the SEC's meticulous approach to ensuring investor protection. Will 2024 be the year the Ethereum ETF dam breaks? Market Musing: With these developments swirling, the market's taking a contemplative break.Market Musing Quote on InflationWill Worldcoin's Reddit integration spark user outrage or widespread adoption? Will the delayed Ethereum ETF decision dampen spirits or fuel anticipation for a bigger approval wave? It's a puzzle wrapped in an enigma, but one thing's for sure: it's gonna be a wild ride!So, crypto champions, let's dissect these trends!Is Worldcoin's vision a bridge to a brighter future or a slippery slope to Big Brother?A Tweet on this whole TopicDoes the Ethereum ETF delay signify a cautious SEC or a potential green light for other applications?What other crypto trends are capturing your attention today?Share your thoughts, predictions, and memes! Let's make sense of this ever-evolving crypto landscape together.Remember, knowledge is power, and curiosity is the key to unlocking the next chapter of the crypto revolution.Hashtags: #Worldcoin​ #ETFTrends #fomc #cryptocurreny #bulllish $ETH $BTC $XRP 🪷

For the next six months, Worldcoin intends to sell up to 1.5 million WLD tokens weekly to specific trading firms outside the United States. Additionally, the digital identity project, Worldcoin, plans to boost its WLD token supply by as much as 19% during this period.

This increase will occur through a series of private sales to institutions located outside the United States.

Worldcoin Plans Significant WLD Token Supply Expansion
In an April 23 blog post, Worldcoin revealed its strategy to boost the supply of WLD tokens significantly. The subsidiary, World Assets, under the Worldcoin Foundation’s purview, will oversee the token issuance process. They aim to sell approximately 1.5 million WLD tokens, valued at about $8.2 million, weekly through private placements to institutional trading firms outside the U.S.
According to Worldcoin’s announcement, World Assets anticipates selling between 0.5 million and 1.5 million WLD tokens per week on average. This continuous influx will result in a proportional increase in the circulating supply of WLD tokens.

Source: Worldcoin
Over a span of six months, this initiative will introduce approximately 36 million new WLD tokens into the market, translating to an estimated value of around $197 million, based on CoinGecko data. Given the current circulating supply of 193 million WLD tokens, these private sales signify an 18.6% surge in the total available supply within the same timeframe.
Worldcoin’s Negotiation Strategy and Market Position
Worldcoin disclosed its intention to engage in negotiations with individual trading firms, especially those in competition with each other. The aim is to facilitate private placements at or near prevailing market prices for WLD tokens. This approach seeks to mitigate potential price impacts on the token.

Despite its current market capitalization of $1 billion, Worldcoin’s fully diluted value (FDV) stands significantly higher at $54.5 billion, considering the total value if all tokens were in circulation.

Worldcoin is ranked as the 6th largest cryptocurrency by FDV. Source: Coingecko
Launched from beta in July 2023, Worldcoin was co-founded by OpenAI CEO Sam Altman, current CEO Alex Blania, and Max Novendstern, who also leads the biometrics research firm Mana. Positioned as a crypto-based digital identity project, Worldcoin addresses identity challenges stemming from AI advancements and introduces a unique universal basic income model through its native WLD token.
Worldcoin’s Identity Registration Process and Price Movement
Identity Registration with the “World App”: Worldcoin users undergo identity registration using the company’s “World App,” where they scan their retinas at machines known as “Orbs.” In return for providing their biometric data, users receive approximately 25 Worldcoin, valued at around $137 currently.
Price Movement Amidst AI-Linked Crypto Rally: Benefiting from a broader surge in the prices of AI-linked cryptocurrency projects, Worldcoin experienced a remarkable 435% surge from its launch price of $2.17 on July 24 to its peak of $11.74 on March 10.

Worldcoin grew other 450% in six months: Source – CoinGecko
Recent Price Decline: Despite its previous upward trajectory, Worldcoin has witnessed a significant downturn in recent weeks, with its price plummeting by over 53% from its all-time high. Presently, it is being traded at $5.49.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#WLD #Worldcoin​ #Bitcoin #Ethereum $WLD $BTC $ETH

Sam Altman, ousted as CEO of OpenAI, continues as co-founder and chairman of Tools for Humanity, the company behind Worldcoin.Negotiations about his return to OpenAI are ongoing. Despite initial drops, Worldcoin's WLD token has recovered from $1.83 to $2.40 post Altman's ouster. The project aims to create a global network using a unique verification method involving retinal scans and has distributed nearly 40 million WLD tokens since launch. Tools for Humanity secured $100 million in March 2022 at a $3 billion valuation and an additional $115 million in May 2023.#Worldcoin​ #WorldcoinRise #BTC

$WLD Chain is a new blockchain designed for humans.

It will be open to everyone, and verified humans will have priority in block space over bots, as well as a gas allocation for casual transactions. Developers will be able to reach millions of these real users around the world, with applications focused on utility for everyday life.

The network will be deeply integrated with the Worldcoin protocol to accelerate growth and leverage the World ID Personality Test. It will also be secured by Ethereum as L2 and designed for scalability with the Superchain ecosystem.

More than 2.4 million people have signed up to have their irises scanned by Worldcoin’s ”orb” devices in exchange for a digital ID and free cryptocurrency, shrugging off privacy campaigners' concerns that the database could be misused.Worldcoin, co-founded by Altman, says its aim is to create a global identity and financial networkWorldcoin, the cryptocurrency project set up by OpenAI CEO Sam Altman, aims to establish a global ID network akin to India’s Aadhaar biometric ID system, a senior employee told Reuters.More than 2.4 million people have signed up to have their irises scanned by Worldcoin’s ”orb” devices in exchange for a digital ID and free cryptocurrency, shrugging off privacy campaigners' concerns that the database could be misused.Worldcoin, co-founded by Altman, says its aim is to create a global identity and financial network, suggesting on its website a variety of ambitious use cases, including distinguishing people from artificial intelligence bots and providing a means for distributing universal basic income (UBI).The company’s head of product, Tiago Sada, told Reuters the company sought to emulate India’s Aadhaar system, which ascribes unique ID numbers, and records individuals’ fingerprints, face and iris scan.”A really good analogy for the type of impact something like Worldcoin can have is the Aadhaar project in India,” Sada, the company’s head of product, engineering and design, said.Various regulators, including in the United Kingdom and Germany, have said they were looking into Worldcoin following its launch in July.#BTC #SFM #Worldcoin​ #CryptoNews🔒📰🚫 #digital $BTC $XRP $USDC