FTX Creditors Are Screaming Sell! Unfortunately, it’s not that simple.
Worldcoin’s mainnet launched on July 24, 2023, and its native WLD token was listed on major exchanges, including Binance, Bybit, Huobi, and others. The token’s price surged on its first day of trading, reaching a high of $3.58 before settling back to around $2.50.
The rise in price of WLD could be seen as a positive sign for FTX creditors. This is because Sam Bankman-Fried, the CEO of FTX, is one of the angel investors in Worldcoin. If WLD continues to rise in price, it could mean that FTX creditors could be repaid in full.
It is important to note that the price of WLD is still volatile, and it is possible that the token could fall in price in the future. As such, it is too early to say for sure what this could mean for FTX creditors.
Here are some additional details that could be relevant to the article:
- Worldcoin’s token distribution model is designed to be fair and equitable. Everyone who has their iris scanned will receive a share of the WLD tokens, regardless of their income or social status.
- It has partnered with a number of organizations, including the United Nations, to help distribute the WLD tokens to people in developing countries.
- The Worldcoin Foundation has said that it plans to use the WLD tokens to fund projects that promote economic development and social justice.
The launch of Worldcoin has been met with mixed reactions. Some people are excited about the potential of the project, while others are concerned about the privacy implications of iris scanning technology. It will be interesting to see how the project develops in the coming years.
