Starting from July 24, WLD will usher in a large amount of linear unlocking, unlocking 6.62 million WLD tokens per day, equivalent to about 18 million US dollars, and the unlocking will last for 730 days. Including community unlocking, initial development team unlocking and investor unlocking. What is Worldcoin token?
Worldcoin (WLD) is a project that uses blockchain for identity verification and has attracted a lot of attention from the market due to its significant rise in popularity. Just a few days ago, Worldcoin was named the second-best performing coin in the cryptocurrency market, growing in value by more than 7%. This surge in Worldcoin comes despite a sluggish global cryptocurrency market with little activity in Bitcoin and Ethereum. WLD also saw a significant increase in transaction volume, up more than 70%, indicating strong buyer demand.
The price of WLD surged after Kenyan authorities decided to stop investigating the project’s alleged mishandling of customer data. Last August, Kenya halted Worldcoin’s activities due to privacy concerns regarding the collection of user iris data. With the investigation concluded, Worldcoin is poised to continue operations, which could attract more market interest and investment.
The Worldcoin token economic model is as follows:
75% will be allocated to the Worldcoin community, most of the tokens will be allocated to users, and some will be allocated to the ecosystem fund and network operations. The Foundation will manage the allocation of these tokens in accordance with its Articles of Incorporation and authorize the governance of the gradual decentralization of token management decisions;
9.8% was allocated to the initial development team, Tools for Humanity (TFH) and other service providers who took the initial steps in developing Worldcoin. TFH currently provides services to the Worldcoin Foundation and operates the World App
13.5% is allocated to Tools for Humanity investors. TFH investors provide funding to enable TFH to support the multi-year pre-launch phase of the Worldcoin project;
The remaining 1.7% will be used as TFH's reserve. After launch, TFH will retain a reserve of 170 million WLD.
Affected by this, the price of WLD has continued to fall recently, and the decline is significantly higher than other mainstream cryptocurrencies. In the past 20 hours, its price has fallen by more than 10%. Judging from the funding rate of perpetual contracts, shorts have gained the upper hand.
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