In a recent announcement on the WorldCoin blog, it was revealed that World Assets Limited, a subsidiary of the WorldCoin Foundation, plans to sell WLD tokens from the World Assets Treasury to support and meet the growing demand for Orb-verified World IDs. She is making. Expansion of the WorldCoin network.
The majority of the 193 million WLD tokens currently in circulation have been claimed through user grants by over 5 million individuals with Orb-verified World IDs and in over 160 countries. To facilitate the sale of WLD tokens, World Assets will conduct a private placement with select institutional trading firms operating out of the United States.
These private placements will last for up to 6 months and will include measures to prevent the flow of WLD tokens sold into the country outside the US. For example, the trading firms involved would be prohibited from reselling WLD tokens to individuals or on digital asset trading platforms accessible to US persons. Additionally, subject to legal and commercial considerations, a 40-day lock-up period may be imposed to restrict the resale of WLD tokens by trading firms.
World Assets aims to negotiate with several trading firms in order to promote competition between them to ensure the execution of private placements at prices close to the prevailing market rates for WLD tokens, taking into account the above restrictions .
Under current market conditions, World Assets is projected to sell an average of 0.5 million to 1.5 million WLD tokens per week. This represents less than 0.1% to 0.4% of the weekly trading volume, leading to a corresponding increase in the circulating supply of WLD tokens.
It is important to note that World Assets may deviate from the plans outlined, and readers should see the disclaimer provided in the WorldCoin whitepaper for more information. Additionally, there are inherent risks in engaging with crypto products such as WLD Token, and individuals are advised to review the important user information available on the WorldCoin website.
Please be aware that the availability of WorldCoin (WLD) tokens is limited to certain regions, and they are not intended for individuals, companies or organizations located in the United States or other restricted territories. However, World ID, TFH’s World App, and other related functionality within the WorldCoin ecosystem are available in the United States.
For more information and updates, you can subscribe to the WorldCoin newsletter on the official website.
Image Source: Shutterstock
, , ,
tag
