As Worldcoin’s native token WLD surged on Monday, the identity-oriented organization released a whitepaper explaining its tokenomics, providing key insights into the newly launched coin.

WLD’s total supply, the maximum amount of coins created by the network, will be fixed at 10 billion WLD for at least the network’s first 15 years, according to the document. After that period, in the year 2038, an inflation rate of 1.5% could be instituted by voters.

Minted ahead of launch, the 10 billion tokens had a fully diluted valuation of $20.6 billion, as of this writing, according to CoinGecko. The tokens’ circulating supply, reflected as market capitalization, was valued at around $219 million across 106 million WLD tokens.

The mismatch between WLD’s total and circulating supply is concerning based on other projects’ histories, Tom Dunleavy, the founder of Alethia, a protocol for driving token transparency standards, told Decrypt.

“Most tokens that have a small amount of distribution or a large fully diluted valuation have shown themselves to be easy targets for quick sell-offs,” he said. “The history of airdrops, in general, has not been favorable.”

Worldcoi

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Author: André Beganski

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