TFH Extends Lock-Up Period for Worldcoin Investors and Team
Tools for Humanity (TFH), integral to the initial development of Worldcoin, has announced an extension of the lock-up period for their investors and team members’ Worldcoin $WLD tokens. This decision significantly alters the originally planned unlock schedule.
Since its founding in 2019, TFH has allocated locked WLD tokens to its investors and team members for their contributions. These tokens were locked to allow the Worldcoin protocol to mature. Initially, the lock-up was set for three years, with no transfers allowed for one-year post-launch (July 24, 2023) and then daily linear unlocking over the next two years.
New Extended Lock-Up Schedule
According to the firm’s report this week, TFH revealed that approximately 80% of these tokens will now follow a five-year lock-up schedule. The first year remains unchanged, but the unlocking will occur daily and linearly over four years instead of two, concluding by the end of July 2028.
Starting July 24, 2024, about 2 million WLD tokens held by TFH investors and team members will unlock daily. This is a reduction of approximately 40% from the original 3.3 million WLD per day. This change aims to slow the increase in the circulating supply of WLD, aligning with Worldcoin’s long-term mission.
WLD grants for verified World ID holders remain unaffected. The Worldcoin Foundation shared this information to provide transparency to the community. The extended unlock schedule exceeds many projects’ standards and reflects a commitment to sustainable growth.
