Worldcoin WLD/USD Surges 40% After TFH Extends Token Lockup Periods

Worldcoin (WLD/USD) has seen a remarkable 40% surge in price following an announcement by Tools for Humanity (TFH) regarding an extension of token lockup periods for early contributors. This news has reignited interest in Worldcoin, a project aiming to establish a global identity and financial network.

According to a recent blog post by the Worldcoin Foundation, TFH has decided to extend the unlock schedule for 80% of the WLD tokens held by TFH’s team members and investors from 3 to 5 years. This move aligns with the long-term vision of the Worldcoin project and has been positively received by the market.

Initially, the unlock schedule was set to commence on July 24, 2024, with tokens becoming available daily over two years. However, under the new plan, the unlocking process will be more gradual over four years, concluding by the end of July 2028.

This extension is expected to have a significant impact on WLD’s circulating supply, with the daily unlock rate decreasing from approximately 3.3 million WLD to 2 million WLD, effectively slowing the rate at which new tokens enter the market by about 40%. It’s important to note that this change does not affect WLD grants for verified World ID holders, who make up the majority of tokens in circulation.

As of the announcement, more than 211 million WLD have been claimed by World ID holders, representing over 77% of the 275 million WLD currently circulating. The Worldcoin project, with over 6 million unique humans participating in its network, remains focused on its mission of becoming the world’s largest identity and financial network, emphasizing the importance of proving human uniqueness in an era of increasing AI influence.