{"id":34327,"date":"2024-07-16T15:42:03","date_gmt":"2024-07-16T15:42:03","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/worldcoin-extends-token-lock-ups-for-early-contributors-wld-price-jumps-20\/"},"modified":"2024-07-16T15:42:03","modified_gmt":"2024-07-16T15:42:03","slug":"worldcoin-extends-token-lock-ups-for-early-contributors-wld-price-jumps-20","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/worldcoin-extends-token-lock-ups-for-early-contributors-wld-price-jumps-20\/","title":{"rendered":"Worldcoin extends token lock-ups for early contributors; WLD price jumps 20%"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1690185274861-fb8b135f-259d-4a40-9f66-2f6867430e8e-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1690185274861-fb8b135f-259d-4a40-9f66-2f6867430e8e-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1690185274861-fb8b135f-259d-4a40-9f66-2f6867430e8e-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1690185274861-fb8b135f-259d-4a40-9f66-2f6867430e8e-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Worldcoin has announced an extension of token lock-up for early project contributors from 3 years to 5 years.<\/span><\/li>\n<li><span style=\"font-weight: 400\">WLD price jumped after the announcement, rising more than 20% to reach highs of $2.42.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Worldcoin (WLD) price jumped on Tuesday, rising more than 20% to hit intraday highs of $2.42.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Although WLD price saw slight gains alongside other cryptocurrencies on the day, the pace increased sharply after what the market sees as bullish news from Tools for Humanity, the developer team contributing to Worldcoin\u2019s development.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Worldcoin extends WLD token lock-ups for team and investors<\/span><\/h2>\n<p><span style=\"font-weight: 400\">On Tuesday, Worldcoin announced that TFH had extended the lock-up period for tokens held by team members and investors \u2013 from 3 years to 5 years.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cStarting July 24, 2024, the WLD tokens allocated to the investors and team members of Tools for Humanity (TFH), early contributors to the Worldcoin project, are scheduled to begin unlocking daily in a linear fashion,\u201d the Worldcoin Foundation wrote in a <a href=\"https:\/\/worldcoin.org\/blog\/announcements\/extended-lock-up-for-tfh-team-and-investors\" target=\"_blank\" rel=\"noopener\">blog<\/a>. \u201cThis week, TFH informed the Worldcoin Foundation that\u2014in a move aligned with the long-term nature of Worldcoin\u2019s mission\u2014 the unlock schedule for 80% of the WLD held by TFH\u2019s team members and investors is being extended from 3 to 5 years.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">The new lock-up schedule however does not impact WLD grants meant for verified World ID holders.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to Worldcoin, the project has seen over 6 million people get verified for a World ID via the orb scan.<\/span><\/p>\n<p><span style=\"font-weight: 400\">World ID holders have claimed over 211 million WLD tokens since Worldcoin\u2019s launch in July 2023, with total token claims accounting for 77% of the cryptocurrency\u2019s current circulating supply of 275 million WLD.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As of Tuesday, the Worldcoin Community pool still held 7.22 billion WLD tokens, which the Worldcoin Foundation administers alongside its affiliate World Assets Ltd to support the project\u2019s long-term sustainability.<\/span><\/p>\n<p>WLD token\u2019s price remains below $5 where it dropped amid Hong Kong authorities\u2019 order that Worldcoin <a href=\"https:\/\/coinjournal.net\/news\/worldcoin-wld-drops-below-5-following-hong-kongs-ban\/\">ceases its biometric data collection<\/a>.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/worldcoin-extends-token-lock-ups-for-early-contributors-wld-price-jumps-20\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Worldcoin has announced an extension of token lock-up for early project contributors from 3 years to 5 years. WLD price jumped after the announcement, rising more than 20% to reach highs of $2.42. Worldcoin (WLD) price jumped on Tuesday, rising more [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":34328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34327"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=34327"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34327\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/34328"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=34327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=34327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=34327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}