Worldcoin is one of the most known and controversial coins of the moment and there are some tokenomics that everybody should know before investing in the project.
Worldcoin has a circulating suply of almost 127 million tokens and a maximum supply of 10 billion tokens, meaning that only 1,27% of the tokens are unlocked for trading. Eventually every token will be unlocked and that's what we have to take in count right now.
The schedule starts in the 24th of July of 2024, the first day when Wolrdcoin will start to unlock 3,5 million tokens every day. This will trigger a giant inflation rate.
The math is simple to do, the market cap determines the value of a crypto project and its calculated by multipling the price by the number of coins circulating, this means that every token that gets release will normally cause a price drop and if the inflation rate is high enough the price will fall for sure.
The biggest problem with this is that the ones investing now might be hurt in the future by the high inflation rate, as the coin might not ever get to the price that was bought just because there are many more tokens circulating.
Even if the coin gains traction and climbs in the market cap rank this might not be enough to compensate for the high inflation rate.
Tokenomics are a very important thing to check before investing in a project, the entry price might seem good now but when we count for inflation it might seem not so good.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments