Worldcoin to launch new lending agreements with 5 market makers effective December 16
Worldcoin will terminate agreements with 5 market makers on December 15, who collectively received a loan of 100 million WLD tokens. Based on the current agreement terms, the market makers will be required to return 75 million WLD tokens on December 15. Therefore, the maximum circulating supply on December 15 may decrease by 75 million WLD tokens, depending on whether the market makers choose to return the tokens directly to World Assets Ltd. instead of purchasing them.In addition, World Assets Ltd. is negotiating new loan agreements with these 5 market makers, which will take effect on December 16. Under these agreements, the market makers will receive much less in loans than before, with a total loan amount of 10 million WLD tokens and a term of 6 months. Therefore, the circulating supply on December 16 will increase by 10 million WLD tokens. After 6 months, each market maker must fully repay the loan. Under these new agreements, they are not allowed to purchase any WLD tokens from World Asset Ltd. Overall, the net impact on WLD circulating supply will depend on how many tokens the market makers choose to purchase on December 15.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Turning Tesla cameras into data engines
A DePIN hardware device from Hamburg-based NATIX Network allows Tesla drivers to monetize their travel
Price targets to watch as bitcoin struggles to hit $100K
Ledn’s John Glover gives some price targets to watch for bitcoin
Bitcoin Price Seeks Recovery Today As CHILLGUY Surges 40%
CFTC could take over cryptocurrency regulation under Trump administration; Will SEC’s role be diluted?