The WLD Coin team has postponed the token unlocking period from 3 years to 5 years. Meanwhile, Bitcoin (BTC) has seen a V-shaped recovery, trading above $63,500. Despite earlier doubts, investors are now setting their sights on a price target of $70,000.
Cryptocurrencies are on the rebound, and a key positive sign for an altcoin is a delay in token unlocking. The WLD Coin team has just announced that they will push back the token unlocking period. This news caused the price to rise as investors anticipate that a large number of tokens will not be entering circulation right away. Let’s look at the details of this postponement.
WLD Coin Delays Token Unlocking from 3 to 5 Years
Bitcoin (BTC) is trading above $63,500, showing a V-shaped recovery despite recent concerns over MTGOX transfers. While some investors remain cautious about the sustainability of this upward trend, there are strong indicators suggesting a potential target of $70,000. In this positive market environment, the WLD Coin team, known as Tools for Humanity (TFH), has announced a delay in the unlocking of WLD tokens allocated to investors and team members.
Initially set to unlock over three years, the release of 80% of these tokens has now been extended to five years. This decision aligns with the long-term goals of Worldcoin’s mission. According to TFH, starting from July 24, 2024, WLD tokens allocated to TFH investors and team members will begin to unlock gradually each day. TFH, which played a key role in developing Worldcoin and later transferred governance to the Worldcoin Foundation, continues to support the project by operating the World App, the first wallet compatible with Worldcoin.
WLD Coin Unlocking Extended to 5 Years
The announcement from Tools for Humanity (TFH) outlined that starting July 24, 2024, the WLD tokens allocated to TFH investors and team members will begin unlocking daily in a linear fashion. This update extends the original three-year unlocking schedule to five years.
This decision aligns with Worldcoin’s long-term vision and is aimed at maintaining stability. TFH, which was instrumental in the initial development of Worldcoin, had previously transferred governance to the independent Worldcoin Foundation prior to the protocol’s launch. Currently, TFH continues to support the Worldcoin Foundation and operates the World App, the first wallet compatible with Worldcoin.
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