FTX bankruptcy estate auctioning Worldcoin tokens this week
According to CoinGecko, Worldcoin currently has a market capitalization of approximately $792 million and a 494 million circulating supply.
The FTX estate is preparing to auction off approximately 22 million Worldcoin tokens (WLD) — valued at roughly $38 million — on Oct. 3, a source familiar with the matter told Cointelegraph.
Investor bids must be submitted by 8 pm on Oct. 3, with a minimum bid of $2.5 million to qualify for the auction and the tokens could sell at a steep discount of up to 75%.
Cointelegraph also learned that the tokens are subject to a 4-year unlocking period ending in 2028.
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Author: Vince Quill
