Worldcoin (WLD)
Unlock Schedule
Worldcoin (WLD) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the Worldcoin (WLD) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence WLD price performance.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
Supply, issuance, and inflation guardrails
WLD launched with a fixed initial supply cap of 10 billion tokens. The smart contract prevents any inflation for the first 15 years after launch; after that, protocol governance could vote to enable annual inflation up to 1.5% to support long‑term sustainability (default remains 0%). (whitepaper.world.org)
Allocation and unlocks
At genesis, 75% of the supply was allocated to the World Community, targeted primarily to users over time via recurring “user tokens.” The remaining 25% went to contributors: 13.5% TFH investors, 9.8% initial development team, and 1.7% TFH reserve (small subsequent adjustments were disclosed in 2024). Community tokens unlock gradually over 15 years to match adoption. This structure underpins “Worldcoin tokenomics,” emphasizing broad distribution as the network scales. (whitepaper.world.org)
Circulation and distribution mechanics
At network launch, circulating supply started low to respect the “humans first” distribution model. Over time, circulation grows through user tokens (grants) and programmatic allocations set by governance. An official explainer details how circulation has expanded alongside adoption and how team/investor unlocks follow long, linear schedules. (whitepaper.world.org)
What the WLD token does
- Governance and incentives: WLD is used for protocol incentives (e.g., user tokens, developer rewards) and is expected to support on‑chain governance as the network decentralizes. (whitepaper.world.org)
- Fees and access: On World Chain, ETH remains the native gas, but users can pay fees with WLD; verified users also receive a gas allowance, improving onboarding. (world.org)
- Ecosystem utility: Many Mini Apps recognize World ID for human‑gated actions and can denominate rewards or actions in WLD. This includes emerging DeFi, NFTs, and gaming use cases. (world.org)
Assumptions
- Community tokens enter circulation via user tokens (grants), operator rewards, ecosystem/developer grants, network operations spending, and occasional liquidity actions (loans/sales to trading firms).
Whitepaper and official blogs describe these concrete mechanisms; pacing is governance- and demand-driven rather than predetermined.
- Team and investor unlock split is modeled as ~80% over 48 months and ~20% over 24 months after a 12-month full lock.
Whitepaper specifies 'approximately' these proportions and notes the July 2024 extension from the original 24-month plan; exact per-holder schedules may vary.
- TFH Reserve unlock modeled as 2026-04-27 to 2028-04-27 linear after a one-year lock starting 2025-04-27.
Whitepaper figure uses this assumption for illustration and states actual allocation timing may shift; thus confidence is lower.
- Protocol inflation is not modeled.
Whitepaper states inflation may begin no earlier than 2038-07-24 via governance, capped at 1.5% annually, with default 0%. Until enacted, emissions are zero.
- Market maker loans and private placements are funded from unlocked World Community tokens and are not separate allocations.
Blogs and whitepaper indicate loans/sales draw from Foundation/World Assets holdings within the community allocation; modeling separately would double count supply.
- 1. https://whitepaper.worldcoin.org/
- 2. https://worldcoin.org/blog/announcements/update-circulating-supply-evolution-renewal-market-maker-loan-agreements
- 3. https://worldcoin.org/blog/announcements/circulating-supply-update-trading-firm-loan-agreements
- 4. https://worldcoin.org/blog/announcements/circulating-supply-update-sales-trading-firms
- 5. https://worldcoin.org/blog/announcements/worldcoin-foundation-announces-one-year-reservation-extension
- 6. https://worldcoin.org/blog/worldcoin/reserve-wld-tokens
- 7. https://worldcoin.org/images/grants