Worldcoin Extends Token Lock-Up Period for Early Contributors
Worldcoin recently announced that it will be extending the token lock-up period for early project contributors from 3 years to 5 years. This decision was made in an effort to further secure the project’s long-term sustainability and commitment to its mission. As a result of this news, the price of WLD experienced a significant increase, rising by more than 20% and reaching a high of $2.42.
Positive Market Response to Tools for Humanity News
Following the announcement of the extended lock-up period, the market responded positively to news from Tools for Humanity, a development team that played a crucial role in the development of Worldcoin. The price of WLD surged, with gains exceeding expectations and reinforcing investor confidence in the project.
Impact on World ID Holders and Community Pool
Worldcoin has seen over 6 million individuals obtain World ID verification through sphere scanning since its launch in July 2023. These World ID holders have claimed a total of 211 million WLD tokens, accounting for 77% of the current circulating supply. Additionally, the WorldCoin community pool still holds 7.22 billion WLD tokens, managed jointly with World Assets Ltd to support the project’s long-term sustainability.
