Worldcoin Extends Token Unlock Timeline to Five Years, WLD Price Surges 30%

Worldcoin, a cryptocurrency venture focused on human identification, has announced a significant extension to its token unlock schedule for early contributors.

Worldcoin, a cryptocurrency venture centered around human identification, has announced a significant extension to its token unlock schedule for early contributors. Initially set for three years, the timeline for releasing 80% of the tokens held by Tools for Humanity’s investors and team members has now been extended to five years.

This adjustment is made in line with the long-term vision of the Worldcoin initiative, which prioritizes simplicity and aims to build for every human.

Financial Impact and Community Response

Following the announcement, the price of Worldcoin’s WLD token experienced a notable increase, rising over 30% to reach $2.77 at press time. While the broader crypto market is still struggling to gain momentum—especially as the German government sell-off isn’t even cold and Mt. Gox started liquiWorldcoinating Bitcoins worth over $5 billion—this extension has helped WLD gain value in an otherwise volatile market.

As the primary developer of the Worldcoin project, Tools for Humanity operates the unique system that awards tokens to individuals willing to have their eyeballs scanned to confirm their human identity.

Furthermore, the Worldcoin Foundation has emphasized that WLD grants for verified World ID holders will remain unaffected. Notably, over 211 million WLD tokens have already been distributed to World ID holders, which constitutes over 77% of the currently circulating tokens.

Additionally, there is a massive reserve of 7.22 billion WLD tokens under the Worldcoin Community pool, which is dedicated to ensuring the future sustainability of the project.

As the unlocking process is set to begin next week, these tokens will gradually become part of the circulating supply, marking a key development in the project’s progression. The extended unlock schedule is designed to support the stability and continuous growth of the Worldcoin ecosystem.

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