Key Points:
On December 16, 2023, World Assets Ltd., a subsidiary of the Worldcoin Foundation, inked a loan pact with five international trading entities. These companies, operating beyond the borders of the United States, collectively received a substantial loan of 10 million WLD.
Originally set to expire around June 14, 2024, the loan agreements have undergone a strategic alteration. World Assets Ltd. has opted to extend the duration of the loan by an additional year, stretching it to June 14, 2025. Notably, all other terms and conditions of the initial agreement remain unaltered.
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This decision has significant implications for WLD’s ecosystem. With the extension, the 10 million WLD loaned to the trading companies will continue to circulate within the supply chain for the foreseeable future. This prolonged circulation ensures a stable and sustained presence of WLD within the market, contributing to the overall liquidity and robustness of the cryptocurrency.
Following the conclusion of the extended period, each trading entity is obligated to repay the loan in its entirety. This provision ensures accountability and financial integrity within Worldcoin’s lending framework.
The extension of the loan agreement signals WLD’s commitment to fostering long-term partnerships and sustaining a healthy ecosystem. By retaining the circulating supply of WLD, the cryptocurrency remains accessible and active in various financial transactions, bolstering its utility and value proposition.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
George Town, Grand Cayman, 22nd November 2024, Chainwire
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