WLD Token Unlock Delayed by 5 Years for Worldcoin Development Team

IconCryptoNewsTerminal Staff16 Jul, 2024

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WLD Token Unlock Delayed by 5 Years for Worldcoin Development Team

The Worldcoin Foundation has announced a 5-year delay in unlocking WLD tokens allocated to the Worldcoin development team, Tools for Humanity. The tokens were initially set to be unlocked in daily installments starting September 24, 2023. This delay is part of Worldcoin's ongoing efforts to ensure the long-term stability and growth of the project. By extending the vesting period, the foundation aims to align the incentives of the development team with the long-term goals of the Worldcoin ecosystem. The decision to delay the token unlock was made after careful consideration and feedback from the Worldcoin community. It is believed that this delay will provide the team with ample time to focus on developing and improving the Worldcoin protocol, ensuring its continued success and adoption. The Worldcoin Foundation remains committed to supporting the Tools for Humanity team and the overall development of the Worldcoin project. This delay in token unlocking reflects the foundation's long-term approach and its dedication to building a sustainable and equitable ecosystem for the distribution of digital identity and the advancement of human potential.

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