Title: “Worldcoin Boosts WLD Token Supply: Private Sales Strategy Unveiled”

Apr 24, 2024

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Worldcoin Plans to Increase WLD Token Supply by 19%

Summary

Worldcoin intends to boost the supply of WLD tokens by up to 19% in the next six months through private sales.

Introduction

Worldcoin, led by Sam Altman, is set to increase the supply of its WLD token by up to 19% within the following six months, aligning with World Assets’ anticipated weekly sales.

Main Points

In a blog post on April 23, Worldcoin revealed plans for World Assets to conduct private sales outside the US, selling up to 1.5 million WLD per week. This move aims to raise approximately $8.2 million weekly and correspondingly increase the available supply of WLD.

The current market value of WLD tokens is about $197 million, and a weekly supply increase of 1.5 million tokens over six months would introduce an additional 36 million tokens. This would raise the circulating supply to 194 million, a growth of 18.6%.

To mitigate price disruption, Worldcoin intends to collaborate with trading firms to execute private placements at prevailing market prices. Despite its $1 billion market valuation, the fully diluted value (FDV) of the tokens would be $54.5 billion.

Conclusion

Worldcoin’s strategy to raise the WLD token supply through structured private sales aims to manage market impacts while expanding the token’s accessibility and value within the crypto ecosystem.


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This HTML code provides a summarized and structured overview of Worldcoin’s plan to increase the supply of WLD tokens by 19% in the upcoming months. It covers the essential aspects of the article, including the rationale behind the token supply expansion, the potential market implications, and Worldcoin’s approach to preserve token price stability amidst the increase.

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