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If you bought $10,000 worth of $WLD in 2024, today you would have only $250.
This is prime example of how predatory Tokenomics ruin tokens.
July 2023, Sam Altman, the founder of OpenAi launched WLD with the aim of creating a global identity and financial network.
-Worldcoin launched with a circulating supply of 100M token.
- With a total supply of 10B tokens.
- That's basically 1% in circulation.
Fake demand arose because of the inflated valuation and the engineered scarcity.
The token went to a ATH of $11.96 and lots normies FOMOed in.
Week by week, more tokens have been added to the market.
Fast foward, the foundation sells 239M WLD OTC (~$65M)
Token goes down day by day as more tokens are unlocked.
Until today, 49.65% of the tokens are still not in existence.
VCs and team cashed out, community got dumped on.
Scam Altman they say.