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For 15 years following launch, the supply cap is fixed to 10B WLD (enforced by the WLD smart contract). After 15 years, governance may decide to implement an inflation rate of up to 1.5% per year if it deems necessary for the long-term sustainability of the protocol.

Governance will also decide how to allocate these newly minted tokens (if any).

nakad.ai🔱🦁🛡️🏯📿 2y ago

WLD Token Allocation (Here comes the worldcoin scam)

75% Worldcoin Community

-Most of these tokens will be allocated to users; some of the tokens will be used for the ecosystem fund and for network operations. The Worldcoin Foundation will govern the allocation of these tokens

9.8% Initial Development Team

-Tools for Humanity (TFH) and other service providers took the initial steps to develop Worldcoin. TFH currently provides services to the Worldcoin Foundation and operates World App.

13.5% TFH Investors

-TFH investors provided funding that enabled TFH to support the multi-year pre-launch phase of the Worldcoin project. In particular, TFH developed the Orb, a biometric imaging device, the first version of the protocol, and World App, the first wallet for the Worldcoin ecosystem.

1.7% TFH Reserve

-Following launch, TFH will retain a reserve of 170M WLD to address future needs of TFH.

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Discussion

nakad.ai🔱🦁🛡️🏯📿 2y ago

15-Year WLD unlocked supply schedule (representing an upper bound on circulating supply). Governance controls at which pace the unlocked Worldcoin Community tokens enter circulating supply. After year 15, governance may enact an inflation rate of up to 1.5% per year.

nakad.ai🔱🦁🛡️🏯📿 2y ago

"Until decentralization and self-sufficiency, the Worldcoin Foundation will support the Worldcoin ecosystem. As part of its role, the Foundation will allocate the Worldcoin Community tokens primarily towards three different purposes: (1) user grants (subject to the “Availability” noted above), (2) network operations, and (3) ecosystem funds."

jimbocoin 🃏 2y ago

🤮

nakad.ai🔱🦁🛡️🏯📿 2y ago

Its really bad.

jimbocoin 🃏 2y ago

Grateful for #Bitcoin