Worldcoin Foundation Announces WLD Token Sale to Meet Demand
In a recent blog post, the Worldcoin Foundation announced that its subsidiary, World Assets Ltd., plans to sell WLD tokens from the World Assets treasury to address the increasing demand for orb-verified World IDs and support the growth of the Worldcoin network.
This move comes as a response to the high demand for WLD tokens, with over 5 million individuals already claiming the majority of the 193 million circulating tokens through orb-verified World IDs and user grants in more than 160 countries.
Private Placements with Institutional Firms
- World Assets will conduct private placements with select institutional trading firms outside the US
- These placements will last up to 6 months
- Measures will be in place to prevent tokens sold outside the US from returning
Negotiations and Competition
- World Assets aims to negotiate with multiple trading firms
- Competition among firms will ensure placements at market rates
- Prices will account for restrictions on resale and lock-up periods
Selling Strategy and Supply Increase
- World Assets plans to sell between 0.5 million and 1.5 million WLD tokens per week
- This represents less than 0.1% to 0.4% of weekly trading volume
- The circulating supply of WLD tokens will see a corresponding increase
Risks and Disclaimers
- Plans are subject to change, readers should reference the Worldcoin Whitepaper for details
- Engagement with WLD tokens carries risks, review Important User Information on the website
- WLD tokens availability is limited to specific regions and not for use in the US
Access to Worldcoin Ecosystem
While WLD tokens may have restrictions, the World ID, TFH’s World App, and other functionalities within the Worldcoin ecosystem are accessible in the US. Subscribe to the Worldcoin newsletter for updates.
Hot Take: Embrace the Worldcoin Vision and Stay Informed!
As the Worldcoin Foundation embarks on this token sale journey, it’s crucial for crypto enthusiasts to stay updated and informed about the developments in the Worldcoin ecosystem. Embrace the vision of a connected world with secure digital identities and explore the opportunities that Worldcoin offers. Remember, knowledge is power in the ever-evolving crypto space!
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