Worldcoin’s launch was impressive with a circulating supply of 111 million. Binance saw a sharp increase in trading volume after listing.
Worldcoin‘s launch involved market makers who were loaned 100 million tokens, creating an interesting game theory dynamic around the token’s price.
Binance experienced a significant increase in trading volume after listing Worldcoin, doing $65 million in volume in the first hour.
The circulating supply of Worldcoin is 111 million, with 100 million sent to market makers and 11 million claimed by users during the pre-launch phase.
Recently, the circulating supply of Worldcoin was revealed to be 111 million, with 100 million of those tokens being loaned to market makers. The other 11 million tokens were claimed by users who participated in the pre-launch phase. As more users claim their tokens, the circulating supply will increase, with 1.6 billion WLD tokens set to unlock by next year.
What makes Worldcoin unique is the involvement of market makers in the token‘s launch. Five market makers were loaned 100 million WLD tokens for a period of three months, after which they can return the tokens or purchase them for $2.00 plus ($0.04 * X), where X is the number of tokens purchased divided by 1 million. This arrangement creates an interesting game theory dynamic, which anchors the token’s price around $2 and incentivizes users to participate in the pre-launch phase.
The launch of Worldcoin was one of the most orderly launches in recent memory. Bybit and Huobi were the first exchanges to list the token, with Huobi experiencing some false starts before trading began in earnest. Uniswap joined the fray next, with its price eventually converging with other centralized exchanges over a 45-minute period. Binances listing caused a spike in volatility before prices quickly converged and began to trade in lockstep. Despite some price divergences, this was a clean launch in terms of price discovery.
In the first two hours, the combined volume for other exchanges was $16 million. In Binance‘s first hour of listing, it did $65 million in volume, followed by Bybit at $14 million. Huobi’s hourly volume was also steady compared to other exchanges.
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Gemini Trust: Gemini Earn Users to Receive 100% Physical Digital Asset Returns Pending Court Approva
Arkham: US Government Transfers Over $1 Billion in Bitcoin from Confiscated Bitfinex Hacker Funds
Hong Kong Halts Applications for Virtual Asset Trading Platform Licenses
21Shares Integrates Chainlink Reserve Proof to Enhance Transparency of ARK 21Shares Bitcoin ETF ARKB
Token Unlocks: Major Unlocking of Tokens ARB, SUI, APT, and Others in March
Pig-Butchering Scams Net More Than $75 Billion, Study Finds
Bitcoin Magazine: Three Conditions Bitcoin Layer 2 Standards Must Fulfill
Binance Registered Users Surpass 178 Million, Records Net Inflows Exceeding $3 Billion in the Past 3