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Exciting news in the world of cryptocurrency! Worldcoin has recently announced updates regarding the circulating supply of WLD tokens and their plans to sell tokens from the World Assets treasury to meet the increasing demand for orb-verified World IDs and support the growth of the Worldcoin network.
The majority of the 193 million circulating WLD tokens have already been claimed by over 5 million individuals with orb-verified World IDs and through user grants spanning across 160 countries. To facilitate the sale of WLD tokens, World Assets, a subsidiary of the Worldcoin Foundation, will be conducting private placements with select institutional trading firms outside of the United States.
These private placements will last up to 6 months and will include restrictions to prevent the resale of WLD tokens back into the US market. Trading firms involved will not be able to sell WLD tokens to individuals or on digital asset platforms accessible to US citizens. Additionally, a 40-day lock-up period may be implemented to further restrict the resale of WLD tokens by trading firms.
World Assets aims to negotiate with multiple trading firms to ensure competitive pricing close to prevailing market rates for WLD tokens, considering the imposed restrictions. Currently, under market conditions, World Assets anticipates selling between 0.5 million and 1.5 million WLD tokens per week on average, leading to an increase in the circulating supply of WLD tokens.
It is important to note that plans outlined by World Assets may change, and readers should refer to the Disclaimer in the Worldcoin Whitepaper for more information. Engaging with crypto products like WLD tokens carries inherent risks, and individuals are encouraged to review the Important User Information on the Worldcoin website.
For those interested, Worldcoin (WLD) tokens are not available for individuals, companies, or organizations in the United States or other restricted territories. However, functionalities like World ID, TFH’s World App, and other features within the Worldcoin ecosystem remain accessible in the US.
Stay informed by subscribing to the Worldcoin newsletter on their official website for the latest updates and information!
Remember, investing in cryptocurrencies involves risks, so always do your research and make informed decisions.
Stay tuned to Extreme Investor Network for more exciting news and updates from the world of crypto!
