Starting tomorrow, Worldcoin (WLD) will commence the unlocking cycle for tokens held by investors and team members.
A total of 2.38 billion WLD, valued at approximately $5.545 billion, will be released gradually over the next four years, with around 1.63 million tokens unlocked daily.
Worldcoin (WLD) 投资者和团队的代币从明天 (7/24) 开始就进入解锁周期了。
投资者和团队共计 23.8 亿枚 WLD ($5.545B) 将会在接下来的四年里线性解锁 (大约每天 163 万枚)。Worldcoin 目前已经在为明天开始的解锁作准备：4 小时前将 9.9 亿枚 WLD 转移至 0x2E3…8e5，然后将 4.94 亿 WLD 分发到了… pic.twitter.com/0944WhQpkN
— 余烬 (@EmberCN) July 23, 2024
In preparation for this process, Worldcoin has already made significant transfers. Four hours ago, 990 million WLD were moved to the address 0x2E3…8e5. Subsequently, 494 million WLD were distributed to 222 different addresses. This marks the start of the systematic token release set to begin tomorrow.
Worldcoin to begin token unlocking on July 24
Worldcoin (WLD) tokens allocated to investors and the team will start unlocking tomorrow, July 24, according to on-chain analyst EmberCN on X. A total of 2.38 billion WLD tokens ($5.545 billion) will be unlocked linearly over the…
— CoinNess Global (@CoinnessGL) July 23, 2024
The Worldcoin Foundation had previously announced an extension for the unlock period of approximately 80% of WLD allocated to investors and the development team at Tools For Humanity. Initially planned for three years, the unlock period has been extended to five years. Consequently, these tokens will be unlocked daily over the next four years, ensuring a gradual and controlled release into the market.
This methodical unlocking of a substantial amount of WLD tokens is crucial for maintaining market stability and investor confidence. By distributing the tokens linearly, Worldcoin aims to prevent any sudden influx that could disrupt the market.
As the unlocking process begins, market participants will be closely monitoring the impact on WLD’s price and overall market dynamics. The transparent approach and structured release schedule demonstrate Worldcoin’s commitment to building a sustainable and robust ecosystem.
The gradual integration of these tokens into the market will be a significant event for the Worldcoin community. With careful planning and clear communication, Worldcoin is set to navigate this critical phase while maintaining liquidity and market balance.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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