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Cryptocurrencies are recovering, and one of the best news an altcoin can give is the delay of token unlocking. The WLD Coin team just announced this good news, and the price immediately started to rise with the news that a significant amount of tokens would enter circulation later. So, what are the details of the postponement decision?
WLD Coin Rises
BTC price is above $63,500, and despite the MTGOX transfers, we saw a V-shaped recovery. Although investors are not yet convinced of the continuation of the rise, many valid reasons now suggest that the target should be $70,000. In this environment, the WLD Coin team, Tools for Humanity (TFH), announced the good news that the unlocking of WLD Coin allocated to investors and team members (80%) has been extended from 3 years to 5 years.
The announcement stated:
“As of July 24, 2024, it is planned that the WLD tokens allocated to Tools for Humanity (TFH) investors and team members who initially contributed to the Worldcoin project will start to unlock linearly on a daily basis. This week, TFH informed the Worldcoin Foundation that, in a move consistent with the long-term nature of Worldcoin’s mission, the unlocking program for 80% of the WLD held by TFH’s team members and investors has been extended from 3 years to 5 years.
Tools for Humanity (TFH) helped with the initial development of Worldcoin and transferred the protocol’s governance to the independent Worldcoin Foundation about a year ago before the protocol’s launch. Today, TFH continues to serve the Worldcoin Foundation and operates the first Worldcoin-compatible wallet, the World App.”
