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The developer behind Worldcoin, Tools for Humanity (TFH), has decided to extend the lock-up period for WLD tokens allocated to team members and investors. This strategic move has altered the token distribution timeline, with 2 million tokens set to be released daily starting from July 24, 2024. Initially, the schedule projected a daily release of 3.3 million tokens.
### Significant Decision from the Worldcoin Team
The revised strategy aims to reduce market saturation and support the token’s value. Consequently, this adjustment was introduced to manage the token flow into the market and allow for a more measured increase in circulating supply. Access **COINTURK FINANCE** to get the latest financial and business news.
Amid this development, the WLD price surged by 23% in the last 24 hours, reflecting investor optimism. As of the time of writing, WLD is trading at $2.84 with a market cap of $784.9 million. However, the potential for selling pressure remains as the increased supply may encourage early investors to sell. HumaCapital shared the following statement on the matter:
Extending the lock-up period for 80% of the tokens from three to five years aims to strengthen the stability of the Worldcoin ecosystem. The unlocking process will now span four years and conclude in July 2028, with the vesting schedule extended until 2029.
### Details on the Matter
Worldcoin’s tokenomics have faced scrutiny, particularly due to the low circulation rate. A CoinGecko report highlights that among the top 300 cryptocurrencies by market cap, Worldcoin exhibits the lowest circulation rate at 0.02. This low rate indicates limited tokens in circulation, potentially leading to increased volatility due to future token unlocks.
Nevertheless, Worldcoin continues to attract users to its network. Currently, over 6 million people possess a World ID verified by the orb. This digital passport verifies the user’s humanity and facilitates access to the network. The allocation of WLD tokens to verified World ID holders remains unchanged, with over 211 million tokens claimed to date. This accounts for more than 77% of the circulating 275 million WLD.
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**Disclaimer:** The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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