- Extended Lock-Up: Unlock schedule for 80% of WLD tokens now five years.
- No Grant Impact: Verified World ID holders’ WLD grants remain unchanged.
Worldcoin’s Strategic Move
Worldcoin, a pioneering force in the blockchain realm, has announced a significant extension to the lock-up schedule for its WLD tokens. This decision directly impacts 80% of the tokens held by Tools for Humanity (TFH) team members and investors, pushing the unlock period from three to five years. The move underscores Worldcoin’s commitment to its long-term mission of establishing a global identity and financial network.
Aligning with Long-Term Vision
The extension of the lock-up schedule is more than just a strategic decision—it’s a statement of intent. Worldcoin aims to build a lasting infrastructure that can withstand the test of time, and this extension aligns with that vision. By ensuring that the majority of the WLD tokens are held for a more extended period, the organization can focus on growing its network and infrastructure without the immediate pressure of token release affecting market dynamics.
Impact on Token Grants
It’s important to note that while the lock-up schedule has been extended, the WLD grants for verified World ID holders remain unaffected. This means that individuals who have already been verified and are part of the Worldcoin network will continue to receive their tokens as planned. This decision ensures that the growth and engagement of the community are not hindered, while also maintaining the integrity and stability of the token distribution.
Linear Unlock Schedule
The extended lock-up schedule introduces a gradual and linear release of WLD tokens over four years. This daily unlocking mechanism ensures that the market is not suddenly flooded with tokens, which could potentially destabilize the token’s value.
Market and Ecosystem Impact
By slowing down the increase in the circulating supply of WLD tokens, Worldcoin is taking a measured approach to market dynamics. This strategy can help mitigate volatility and foster a more stable and predictable market for WLD tokens.
