Worldcoin's Subsidiary World Assets Plans To Sell WLD Tokens

According to Foresight News, Worldcoin has announced that its subsidiary, World Assets, plans to sell WLD tokens from the Worldcoin treasury in the coming months. This move is aimed at meeting the growing global demand for World IDs verified by Orb and supporting the development of the Worldcoin network. Specifically, World Assets intends to gradually sell WLD tokens to a group of institutional trading companies operating outside the United States through private placements. These private placements of WLD will continue for six months. Additionally, depending on certain legal and commercial factors, World Assets may seek to establish a 40-day lock-up period to restrict trading companies from reselling WLD. In the current market situation, World Assets expects to sell an average of 500,000 to 1.5 million WLD per week, which is less than 0.1% to 0.4% of the current weekly trading volume. Consequently, the circulation of WLD will increase accordingly.