The lock-up schedule for 80% of WLD tokens allocated to investors, developers at Tools for Humanity, and early participants in the Worldcoin project has been extended from three to five years.
According to a statement, these coins will begin entering circulation from July 24.
Currently, over six million users have verified their identity using Orb and possess a World ID—a secure and anonymous digital passport.
The project compensates identity verification with tokens. World ID holders have already claimed approximately 211 million WLD, which accounts for over 77% of the 275 million WLD in circulation.
“As of today, the Worldcoin Community pool managed by the Worldcoin Foundation and the affiliated organization World Assets Ltd retains 7.22 billion WLD to support the project’s long-term sustainability,” the statement reads.
Regarding the tokens of early Worldcoin participants, it was initially planned that they would be unlocked linearly over three years. Under the updated tokenomics, this period has been extended to five years, which will slow the growth of the coin’s market supply.
From July 24, approximately 2 million WLD will enter the market daily, compared to about 3.3 million tokens under the original plan.
Following the announcement, the price of WLD has risen by more than 34% in the last 24 hours and by 51% over the week. The token is trading at $2.9. Its market capitalization has reached ~$806 million, placing it at 101st position (CoinGecko).
Back in July, the company behind Worldcoin, Tools for Humanity, appointed four high-ranking former employees from Apple, Google, Meta, Tesla, and X to leadership positions.
The Worldcoin Foundation team also launched a preliminary version of the L2 solution World Chain for developers.