Worldcoin recently announced a strategic plan to increase the circulation of its coveted WLD token by an astonishing 19% over the next six months.
This corresponds to a stunning $8.2 million in tokens, which are being offered to a small group of trading firms. This daring endeavor not only expands Worldcoin’s global reach, but also demonstrates the company’s dedication to forging strategic alliances and advancing innovation in the rapidly evolving digital landscape.
Plan for Institutional Partners
World Assets, a significant subsidiary of the Worldcoin Foundation, intends to introduce up to 1.5 million WLD tokens into the market each week through a carefully planned series of exclusive private sales to prestigious institutional partners outside of the United States.
This jump in supply represents an 18.6% increase over the current circulating supply of 193 million WLD tokens.
To minimize the impact on token price, Worldcoin intends to arrange private sales with trading firms, aiming to match current market pricing as closely as feasible.
Worldcoin expects selling 0.5 million to 1.5 million WLD tokens per week, considerably increasing its circulating supply. According to CoinGecko data, this may add a stunning 36 million new tokens to the market over the next six months, worth almost $197 million.
Despite its present market capitalization of $1 billion, Worldcoin’s fully diluted value (FDV) is a remarkable $54.5 billion, indicating the tremendous potential value of its complete token supply if all were in circulation. This gap provides an intriguing look at the extent of Worldcoin’s growth trajectory.
Read also: Worldcoin Introduces World Chain to Enhance User Experience
