Why is Worldcoin (WLD) Pumping? Team Extends Unlock Schedule to Five Years
Tools for Humanity (TFH), the software and hardware company behind the development of the Worldcoin ecosystem, has informed the Worldcoin Foundation of the extension of the Worldcoin (WLD) token unlock schedule from three to five years.
The announcement sent the value of WLD surging on Tuesday to $2.85. In the past 24 hours, WLD has risen roughly 39%, and in the past seven days, the cryptocurrency has seen a 45% uptick, per data from CoinStats.
Worldcoin Extends Token Unlock Schedule
According to an official release, WLD tokens allocated to TFH investors, members, and Worldcoin contributors are scheduled to start unlocking daily in a linear fashion from July 24. TFH locked the tokens to ensure the protocol matures before the involved entities access their allocations. Per the original schedule, the tokens were to be fully released from the lock-up by the end of July 2026; however, TFH has made certain changes.
TFH has extended the unlock schedule for 80% of the WLD held by the firm’s team members and investors from 2026 to July 2028, five years after Worldcoin’s launch. Initially, the tokens were to be unlocked in droves of 3.3 million WLD daily, but the extension has reduced this number by roughly 40%.
From July 24, approximately 2 million WLD will be unlocked every day until July 2028. This is bound to slow the increase in Worldcoin’s circulating supply. Currently, more than 275 million WLD are in circulation, and roughly 7.22 billion tokens are still in the Worldcoin community pool. By the time the tokens are fully released in the next four years, there will be exactly 10 billion WLD in circulation.
Worldcoin’s Growth in a Year
The Worldcoin team claims the project has garnered over six million users within a year after its launch. These users have verified their identities by scanning their irises with Worldcoin’s orbs, and they are qualified to receive the majority of the WLD tokens because they are “unique” humans.
Verified Worldcoin users, also World ID holders, have claimed more than 211 million WLD, representing over 77% of the circulating 275 million WLD.
“The mission of the Worldcoin project is to become the world’s largest identity and financial network, giving ownership to everyone. If successful, the network will represent key infrastructure essential for a world where AI plays an increasingly important role,” Worldcoin said.
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