Tools for Humanity has extended the lock-up period for Worldcoin (WLD) tokens from three to five years, affecting 80% of tokens held by team members and investors. Starting July 24, 2024, the remaining 20% of WLD tokens will be distributed daily to early participants.
The lock-up extension has driven WLD’s price up by nearly 9%, reflecting investor confidence. The Worldcoin Foundation has already distributed 77% of the total WLD supply to verified users. Despite regulatory challenges, notably in Spain, this move aims to foster long-term stability and growth.
This strategic extension underscores Worldcoin’s commitment to a gradual and sustainable token distribution, ensuring market stability. The decision highlights the project’s focus on long-term success in the evolving crypto market.
