According to the token’s Dune page, Worldcoin (WLD) has accomplished a spectacular milestone with more than 16 million claims. The number of people claiming addresses has simultaneously increased to a startling 520,000. According to these data and the current market price for the WLD token, the average profit per claimer is now estimated to be at $56.
When examining the current tokenomics of Worldcoin, it was discovered that only 1.25% of the 10 billion WLD total supply were actually in use at the time. The projected market value of Worldcoin is $225 million as a result of this setup.
Market experts have various opinions on the effects of Worldcoin’s constrained free float. Some people think that the limited availability of WLD has worked to the project’s favour, allowing it to efficiently regulate sales since its listing.
This situation, meanwhile, also prompts worries about possible market manipulation by a number of interested parties, which can result in erratic price changes. A huge unlocking time is also approaching for Worldcoin. Every two weeks starting in mid-July 2024 and continuing for two years, 6.62 million WLD will be released onto the market.
What is Worldcoin (WLD)?
The movement, started by Sam Altman, aims to build a globally inclusive identification and financial network that is controlled by a sizeable fraction of mankind. Through the collaboration of the World App, Worldcoin Token (WLD), and World ID, this vision is made a reality.
Access to financial services, token administration, and other features are made available through the World App, which serves as a portal to the Worldcoin ecosystem. The Worldcoin token (WLD) is used for payments, financial access, and network administration among other things. According to the World ID project’s whitepaper, iris scans provide a safe way to verify an individual’s identification without revealing any personal information.
