jakiro
author:Wolfdao Source: X,@10xwolfdao
WLD once rose rapidly to a high point of $ 11.72, but the price of the currency fell down the way under the popularity of the heat and unlocking the pressure. At present, it has been explored near $ 2, and there have been no signs of stopping.The market outlook is expected to be very pessimistic.
In May 2023, due to the strong connection with OPENAI, WLD (Worldcoin) entered our field of vision, we collected a lot of data research and sorting out the Research News!Of course, no specific research report data report is made today; after experiencing a large roller coaster, we plan to combine the data statistics of the time and the recent progress of WorldCoin. We give us our understanding.
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WORLDCOIN is a free distribution project using blockchain, biology, statistics and other technologies. It is a concrete manifestation of the economics of UBI (the basic income of universal basic in the country).WorldCoin coordinates the interests of all participants and is committed to allocating most token to new users as an incentive to join the network to achieve widespread adoption.
OPEN AI founder Sam Altman, as the creation of WorldCoin, may be the embodiment of some of his thoughts in the future world.
Team and investment and financing history
Members of the founding team of the project include the CEO SAM Altman of Open AI. WLD is a historical performance and is usually highly related to the movement of ChatGPT and Altman’s speech.
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Alex Blania served as a researcher at California University of Science and Technology from 2019 to 2020; Tools for Humanity, an operating company in WorldCoin, has served as CEO and co -founder.
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Sam Altman Sam Altman is the founder and CEO of OpenAI, co -founder of WorldCoin, and president of Y Combinator from 2014 to 2019.
In terms of investment and financing, WorldCoin has gone through three rounds of financing. Investment institutions include A16Z, Coinbase Ventures, and DCG, and other top investment institutions in the industry. The total financing amount is US $ 240 million. The recent round of financing valuation is 3 billion US dollars.
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WLD (Worldcoin) Investment and Financing History Record
Market data performance
Let's pay attention to the performance of the Woldcoin market data
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WLD & AMP; BTC price linkage comparison Source: tradingView
The current price of WLD is 2227, the market value of circulation is 550 million US dollars, the FDV is 22.2 billion US dollars, and the currency price has fallen by more than 80%at the highest point.Congzhan currency is not comparable.
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WLD position chip price distribution Source: dune (killer_whales_dao_levilin2008)
The data on the chain shows that a large number of chips are distributed between 2.3 –2.5, and there are also a large number of complex disks above $ 6.6.There are strong support in the current position.
Large -scale unlocking and increasing stress
Tokens Economics Distribution Model
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Community 75%: Most of these tokens will be assigned to users; some tokens will be used for ecosystem funds and network operations, and the WorldCoin Foundation will follow the tasks of the company's articles of association and gradual dispersion of tokens.
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Initial development team 9.8%: Provide services for the WorldCoin Foundation and operate the World App.
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TFH investor 13.5%: TFH investors provide funds so that TFH can support the project.In particular, TFH has developed biometric imaging equipment, the first version of the protocol and the world application, and the first wallet of the ecosystem.
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Reserve 1.7%: Used to meet the future needs of TFH.
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WLD token allocation model source: wolrdcoin white paper compilation
Tokens circulation and unlocking supply plan
In order to promote the scale of WorldCoin in the next few years, WorldCoin Community may need a large number of tokens, which may be within the first few years after launch.This is why the 4.0B WLD of the community tokens was unlocked in the first three years.However, the speed of these tokens entering circulation is controlled by governance, depending on the growth rate of the network.
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TFH investor tokens: tokens assigned to TFH investors will be locked by contracts for 12 months after these investors exercise their respective tokens, and then unlock each day in the next 24 months.
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Initial development team tokens: tokens that have been assigned to the past and current team members will be locked for 12 months after the release, and then unlocks a day in the next 24 months.
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TFH reserves: The tokens assigned to TFH reserves will be locked in a contract, at least as long as the lock -up period for TFH investors and team members.The exact lock period will depend on the distribution time of these tokens.
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WLD Unlock supply curve Source: Wolrdcoin White Paper Compilation
The total amount of WLD's token is 10 billion yuan, and the current circulation is only 16%of the total pavilion. A large number of tokens are still in the state of unlocking. At present, the main unlocking tokens are owned by the community. The daily unlocking volume is 3.2 millionAccording to the current price of about $ 7.13 million, accounting for 1.29%of the total market value.
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According to token.unlocks, after June 24th, WLD will face a larger scale of Japanese currency unlocking, with a total of 6.62 million pieces, according to the market price of 16.28 million US dollars, accounting for about 10%of the past 24h transactions.The unlocking volume of 16 million US dollars is even higher than Solana. Considering that the market value of WLD's circulation is less than 1/100, the transaction volume is less than 1/10. Such token unlocking can be described as a heavenly amount.Under the premise of lack of market liquidity in itself, facing such a large throwing pressure, smashing a dollar can be expected.At present, the community already has a sound to modify the unlocking rules, but the possibility of implementation should be less.
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Source: Coingecko
The price of currency prices rose to a high point of $ 11.72 before, but because the tokens had no actual use scenarios and a large number of unlocking tokens, the currency price fell all the way after the heat was dispersed.Nearby, and there is no signs of stopping the decline. If the unlocking implementation of 7.6 million (next unlocking time on July 24, 2024) is subsequently unlocked.
The data on the chain is worrying
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According to Cryptorank’s data, the first 10 address of WLD accounted for 91.19%, and the first 100 address accounted for 99.15%. Affected by the proportion of tokens and investor distribution of the community, the token distribution was very concentrated.The possibility is high.
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WLD (Worldcoin) new/active address change Source: intoTheblock
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WLD (WorldCoin) active address and price fluctuations Source: intoTheblock
According to data data data, due to the continuous downturn of the currency price, the activity of the WLD chain has fallen sharply, and the number of active addresses on the chain decreases by more than half compared with the previous month.After the opportunity, users lack continuous attraction to WLD.
AI track narrative overall cold
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Similar to the situation of WLD, most of the AI concept tokens have generally declined by more than 30%in the past month.The original AI concept (computing power service, AI computer, etc.) could not be implemented. The project itself could not generate enough business income to maintain its own operations, let alone feedback investors.Fall.
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Taking the hot computing power service platform IO.NET as an example, the actual GPU usage rate is very low, a large number of resources are idle, the market value of 200 million US dollars, more than 2 billion FDVs, and the average daily income of the network is less than 500 US dollars.And even if this data is relatively high in the AI track, it can be seen that the severity of the entire track foam is seen.
WLD is a project that is biased towards public welfare. It does not have its own business model. It relies heavily on the popularity of AI and the strong appeal of SAM Altman’s own.Past experience has repeatedly proved that non -finance applications are basically unreasonable in the encryption field, and the long -term future of WLD is not optimistic.
Summarize
The UBI vision of WorldCoin is very grand, but its investors in the encryption field are not their audience.Due to the special connection with OpenAI, the new GPT release may have a certain boosting effect on the WLD currency price, but under the multiple negative effects of the overall liquidity of the currency circle+the continuous unlocking and weak narrative, the currency price is still very largeA larger downlink space.
Since the current market price has been reported to unlocking the air, the price may be maintained at a certain level in the short term, but in the long run, if the project party does not take positive measures or the external market environment is not improved, WLD Broken 1 is completely possible.
