Worldcoin’s token price has experienced a minor resurgence, moving from $1.94 to $2.43. However, with only 1% of the token circulating, investors closely monitor the scheduled daily unlocks.
Tom Wan, an on-chain data tracker, shared in a Twitter thread the price surge of Worldcoin.
From today, 3M tokens valued at approximately $7.7M are slated for daily community unlocks, accounting for 0.6% of the existing supply. Yet, a more substantial release is on the horizon. Starting 26th July 2024, Worldcoin would release 6.62M tokens daily, earmarked for the TFH reserve, initial investors, and the development team. Based on current valuations, this would amount to a staggering daily unlock of $15.4M.
Established with a vision of forging a global identity and financial network, Worldcoin provides three primary solutions: the World App, Worldcoin token (WLD), and World ID. Collectively, they facilitate secure, private, and user-friendly global economic participation.
The World App, acting as the ecosystem’s portal, allows users to manage their World ID and Worldcoin tokens, giving them access to various financial services. Leveraging Zero-Knowledge Proofs (ZKPs), the app verifies user identities while safeguarding their privacy.
The Worldcoin token (WLD) has multifunctional use, from making payments and accessing financial services to influencing network governance. Meanwhile, World ID offers a privacy-centric digital identity founded on iris scans, streamlining global economic participation while prioritizing user privacy. According to the latest data, WorldCoin WDC’s current price is $0.015901 USD. With a 24-hour trading volume of $12,822.19, it has seen a 26.21% surge in the last day. Currently, WorldCoin WDC ranks 4474 on CoinMarketCap, with specifics regarding its market cap and circulating supply yet to be determined.
