Tokenization
Worldcoin Token Unlock Schedule Extension
Wednesday. July 17 at 2:30 AM
1 min. readTools for Humanity (TFH), the developer of the Worldcoin project, has decided to extend the unlock schedule for 80% of its native token, WLD. Originally planned to unlock over three years, the tokens will now be accessible over a five-year period starting from July 24, 2024. This change aims to gradually release the tokens over four years, ending by July 2028. By informing the Worldcoin Foundation on July 15, TFH emphasized the protocol's long-term vision. The extended unlock period will prevent a sudden surge in token supply, potentially stabilizing the token's price. Following this announcement, the WLD token saw a 20% increase, trading at $2.36. Worldcoin, co-founded by Sam Altman of OpenAI, focuses on the 'World ID' concept, a digital identity verification system using iris scans. Despite facing privacy concerns, Worldcoin has gained popularity with 10 million registered users and a significant token pool in treasury.