Worldcoin will be selling up to 1.5 million WLD tokens to select trading firms outside of the United States every week for the next six months.
Digital identity project Worldcoin will increase the supply of its WLD token by as much as 19% over the next six months through a swathe of private sales to non-United States institutions.
In an April 23 blog post, Worldcoin shared that World Assets — a subsidiary of the Worldcoin Foundation in charge of token issuance — will sell up to 1.5 million WLD, about $8.2 million worth, every week through a series of “private placements to a select group of institutional trading firms” operating outside of the U.S.
“World Assets expects to sell between 0.5 million and 1.5 million WLD per week on average,” Worldcoin wrote. “The circulating supply of WLD will thus increase correspondingly.”