WLD price surges 48% following an announcement that Worldcoin has extended the unlock period of WLD tokens held by Tools for Humanity (TFH) team members and investors from three years to five years

Worldcoin has extended the unlock period for its native token, WLD.

The unlock schedule for 80% of the WLD held by Tools for Humanity (TFH) team members and investors is now extended from three years to five years.

This change aims to mitigate the risk of a sudden surge in token supply, which could potentially depress the token’s price.

Following this announcement, the 7 days price of WLD surged by 48.50%, trading at $2.96.

However, there have been some allegations of price manipulation following the delay in unlocking the tokens. 

The Worldcoin (WLD) token allocation

Here’s a breakdown of the WLD token allocation based on the information available:

75% to the Worldcoin community

This significant portion is allocated to users who participate in the Worldcoin ecosystem, primarily through the World ID verification process.

9.8% to initial developers

These tokens are reserved for the team that initially developed the Worldcoin project.

13.5% to Tools for Humanity (TFH) investors

Investors who provided capital for the project’s development receive this allocation.

1.7% reserved

A small percentage is set aside for various other purposes not specified in the available information.

The total supply cap for WLD tokens is set at 10 billion over a 15-year period, and WLD is an ERC-20 token.