Worldcoin Tokenomics Released
Worldcoin, co-founded by Sam Altman, unveiled its network and released the tokenomics of its project on Monday. However, there were reports of difficulty accessing the content, as it appeared to be geofenced in certain countries. The project had been airdropping beta tokens to verified users for the past month, and after updating the app, users can receive a 25 WLD “genesis grant” to their wallets. The token has seen significant price surges on top exchanges. The token supply will be capped at 10 billion tokens for 15 years, with an inflation rate of up to 1.5% possible after that period. At launch, the maximum circulating supply of WLD is 143 million, with allocations to the community, investors, the development team, and reserves. All 7.5 billion tokens allocated to the community were minted before launch.
Key Points:
- Worldcoin released its network and tokenomics on Monday.
- There were reports of difficulty accessing the content in certain countries.
- Beta tokens were airdropped to verified users, and a “genesis grant” was offered to users who updated the app.
- The token has seen significant price surges on top exchanges.
- The token supply will be capped at 10 billion tokens for 15 years, with potential inflation after that period.
Hot Take:
The release of Worldcoin’s network and tokenomics has generated excitement in the crypto community. However, the reported difficulty in accessing the content raises concerns about accessibility. The allocation of tokens to various stakeholders and the cap on token supply indicate careful planning for the project’s long-term sustainability. The significant price surges on exchanges highlight the market demand for Worldcoin. As the project progresses, it will be interesting to see how the network governance decides on inflation rates and token allocation.
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