Worldcoin Token Lockups Now Extended for Early Investors and Team Members to 5 Years

Key Points:

• Worldcoin token lockups will be extended from 3 to 5 years for early investors and team members.
• Starting July 24, 2024, TFH’s WLD tokens will unlock daily over a five-year period.

Worldcoin (WLD), the decentralized identity project, has announced a significant extension of token lockups for early investors and team members.

Worldcoin Token Lockups Extended for Early Investors and Team Members

The project’s lead developer, Tools For Humanity (TFH), revealed that Worldcoin token lockups will now span five years, up from the previous three-year commitment. This move aims to align with Worldcoin’s long-term mission and sustainability goals.

According to a recent blog post by Worldcoin, tokens allocated to TFH’s investors and team members will begin unlocking gradually on a daily basis starting July 24, 2024. The adjustment is designed to mitigate market impacts while ensuring sustained project growth.

The project emphasizes that the extension of Worldcoin token lockups does not affect WLD grants for verified World ID holders, a crucial aspect of their decentralized identity ecosystem. Over 211 million WLD tokens have already been claimed by World ID holders, constituting over 77% of the current circulation supply of 275 million WLD.

Gradual Unlocking Strategy Implemented by Tools For Humanity

The project further reveals that 7.22 billion WLD remains in the Worldcoin Community pool, managed by the Worldcoin Foundation and World Assets Ltd to support the project’s long-term sustainability efforts.

Since the announcement, WLD prices have surged, experiencing a 20% daily increase and reaching $2.35 per token, according to Coincu data. This bullish trend reflects growing investor confidence in Worldcoin’s strategic decisions and long-term viability.

Worldcoin, founded by OpenAI CEO Sam Altman, garnered attention last year with a $115 million Series C funding round aimed at expanding its global reach and decentralized identity initiatives.