Worldcoin Token Surges 20% Ahead of Early Contributor Unlock
Worldcoin Token Surges– Worldcoin, the human-verification cryptocurrency project co-founded by OpenAI CEO Sam Altman, has announced that early contributors will start seeing their WLD tokens unlock next week.
In a recent blog post, the project detailed the new unlocking schedule for these tokens, which has been extended to align with the long-term goals of Worldcoin.
WLD tokens allocated to the investors and team members of Tools for Humanity (TFH), early contributors to the Worldcoin project, are scheduled to begin unlocking daily in a linear fashion, the post stated. This week, TFH informed the Worldcoin Foundation that—in a move aligned with the long-term nature of Worldcoin’s mission—the unlock schedule for 80% of the WLD held by TFH’s team members and investors is being extended from 3 to 5 years.
Worldcoin Allocates Locked WLD Tokens to Investors and Tools for Humanity Contributors
Tools for Humanity is the lead developer and main advocate of the Worldcoin project. This initiative assigns World IDs and tokens to individuals who undergo an eye scan by an orb to verify their humanity. The company is headed by CEO Alex Blania, who co-founded Worldcoin with Sam Altman.
Investors and individuals associated with Tools for Humanity have been assigned locked WLD tokens for their contributions, according to the announcement. Worldcoin clarified that WLD grants for verified World ID holders remain unaffected, with over 211 million WLD claimed by World ID holders, representing more than 77% of the current 275 million WLD in circulation.
The project further detailed that there are 7.22 billion WLD still in the Worldcoin Community pool, managed by the Worldcoin Foundation and its affiliate entity, World Assets Ltd. This pool is dedicated to ensuring the long-term sustainability of the Worldcoin project.
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