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Cryptocurrency News Video

Worldcoin Makes a Bold Move: Increasing WLD Token Supply by 19% Through Private Sales

Apr 24, 2024 at 06:00 pm Crypto News Flash

Worldcoin, a leader in digital identity technology, plans to boost its WLD token supply by 19% over the next six months. This initiative, conducted through private sales to non-U.S. institutional trading firms, will be managed by World Assets Ltd., a Worldcoin Foundation subsidiary. The move aims to inject roughly 36 million new tokens into the market, increasing total supply by about 18.6%, and enhancing liquidity and market penetration without disrupting prices. Simultaneously, World Assets Ltd. prepares for significant outflows, expecting increased demand for World IDs and the expanding Worldcoin network. To ensure regulatory compliance and market integrity, stringent measures will restrict token resale to U.S. entities and impose potential lock-up periods to stabilize the market and boost investor confidence.
Video source:Youtube

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