Attention crypto enthusiasts! 🚀

Tools for Humanity, the developer behind the Worldcoin project, has announced changes to the unlock schedule for its native token, WLD. The unlock was originally scheduled for three years, but will now be extended to five years, starting July 24, 2024 and concluding in July 2028.

- This measure seeks to avoid a sudden increase in supply that could lower the price of the token.

- The price of WLD rose almost 20%, trading at $2.36.

Worldcoin, co-founded by OpenAI's Sam Altman, uses a digital identity verification system called "World ID", based on iris scans. The Worldcoin app has 10 million registered users.

- More than 77% of the 275 million WLD in circulation are in the hands of verified users.

- The Worldcoin community has $7.22 billion in WLD tokens in its treasury.

However, the project has faced criticism and regulatory action due to concerns about the privacy and security of biometric data.

What do you think of this token unlock extension? Do you think it will help stabilize the market? Leave us your comments below!