Sam Altman Led Worldcoin Plans 19% WLD Supply Increase

• Worldcoin plans to raise the supply of WLD tokens by up to 19% in the following 6 months.
• The available supply of WLD will rise in tandem with World Assets’ projected weekly sales.

In a series of private sales to institutions outside the US, Worldcoin led by Sam Altman plans to raise the supply of its WLD token by up to 19% in the following six months.

In a blog post published on April 23, Worldcoin announced that World Assets, a division of the Worldcoin Foundation responsible for issuing tokens, will sell up to 1.5 million WLD, or approximately worth $8.2 million, weekly through a string of “private placements to a select group of institutional trading firms” based outside the United States. According to Worldcoin, the available supply of WLD will rise in tandem with World Assets’ projected weekly sales of half a million to 1.5 million WLD.

Limiting Potential Influence on Token’s Price

According to CoinMarketCap, the current market value of WLD tokens is around $197 million. A six-month supply increase of 1.5 million tokens each week would result in 36 million additional tokens entering the market.

During the same time period, the private sales increased the total accessible supply of WLD tokens by 18.6%, bringing the current circulating supply to 194 million.

To limit the potential influence on the token’s price, Worldcoin said it will work with individual trading companies, particularly those involved in competition, to conduct private placements as near to “prevailing [WLD] market prices” as feasible.

Worldcoin brags about having a market valuation of $1 billion at the moment. The overall worth of the tokens if they were all in circulation, known as their fully diluted value (FDV), is $54.5 billion, thus this is little compared to that.

Users of Worldcoin verify their identities using the “World App” by scanning their retinas at what the firm calls “Orbs.” Users get around 25 Worldcoin (WLD), in return for their biometric data.

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