WorldCoin will increase the tokens supply by 19% in the next six months

Author: Tom Mitchelhill, Cointelegraph; Compilation: White Water, Bit Chain Vision Realm

The digital identity project WorldCoin will sell a large number of private sales from non -American institutions, and will increase the supply of its WLD tokens by 19%in the next six months.

In a blog post on April 23, WorldCoin said, “The World Assets (Subsidiary of the WorldCoin Foundation responsible for tokens) will sell as many as 1.5 million WLDs through a series of “private equity” by a series of “private equity”, worth about 8.2 million US dollars.

WorldCoin will increase its WLD token supply in the next six months.Source: worldcoin

“World Assets is expected to sell 500,000 to 1.5 million WLDs per week,” Worldcoin wrote.”WLD’s circulation will increase accordingly.”

According to the data of Coingecko, an increase of 1.5 million WLD tokens per week within six months is equivalent to the supply of 36 million tokens in the market, and the current value is about 197 million US dollars.

At present, the circulation supply of WLD tokens is 193 million, and private equity sales means that the total available supply in the same period has increased by 18.6%.

WorldCoin pointed out that it will negotiate with individual trading companies (especially those competing companies) to implement private placement as possible to be closer to the “current [WLD] market price”Essence

Based on the current price, the market value of Worldcoin is $ 1 billion.However, compared with the complete dilution value (FDV) of 54.5 billion US dollars, this is dwarfed -if all tokens are circulating, its total value is $ 54.5 billion.

WorldCoin was rated as the sixth largest cryptocurrency by FDV.Source: Coingecko

Wordcoin launched a test version in July 2023, founded by OPENAI CEO Sam Altman, current Wolrdcoin CEO Alex Blania, and MAX Novendster, CEO of the Biometric Research Company.

WORLDCOIN is a digital identity project based on cryptocurrencies. Its marketing goal is to provide solutions for the identity problem brought about by the rapid development of artificial intelligence, and introduce a novel basic income model through its native WLD token.

Wordcoin users scan the retina on the company’s “ORBS” machine, register their identity on the company’s “World App”.In order to exchange their biometric data, users will get about 25 Worldcoin -the current value is about $ 137.

Promoted by the sharp rise in the price of artificial intelligence -related cryptocurrency projects, the issue price of WorldCoin soared from US $ 2.17 on July 24 to the peak of March 10 at 11.74 US dollars, soaring 435%.