Worldcoin to Extend the Market-Making Agreement with Reduced $WLD Amount

The Worldcoin Foundation provided an update on the circulating supply of the $WLD token, which has now exceeded 1% of its total supply of 10 billion tokens. Out of the approximately 134 million WLD tokens in circulation, 100 million were initially loaned to market makers, while 34 million have been distributed to users and orb operators in the form of grants.

Regarding the 100 million WLD tokens that were initially loaned to market makers, these loans were set to expire on October 24. However, Worldcoin has announced that the loans will be extended until December 15 of this year, albeit with a reduced amount of 75 million tokens. Market makers will have the option to return these tokens or, alternatively, purchase some or all of the remaining 25 million tokens.

Additionally, the foundation revealed its intention to start compensating orb operators with WLD tokens instead of USDC stablecoins in the near future.

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