Worldcoin, backed by entrepreneur Sam Altman, is implementing significant changes to its Orb rewards strategy to foster the growth of its (WLD) token supply.

This move comes as the cryptocurrency sector is rapidly evolving, with major events on the horizon such as Benzinga's Future of Digital Assets conference slated for Nov. 14, where such strategic shifts are expected to be a topic of conversation.

Originally, the WLD token was introduced with a modest circulating supply, slightly over 100 million WLD to establish a vast network of human participants.

The predominant portion of the WLD token supply is planned to be distributed to users as grants over the upcoming years.

On the supply composition front, as of Oct. 22, 2023, it comprises:

• 100 million WLD loans provided to market makers.
• Approximately 34.3 million WLD in user grants.
• A minor portion of WLD awarded to operators as incentives.

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World Assets Ltd., a branch of the Worldcoin Foundation, had previously established loan agreements with five non-U.S. market makers to ensure ample liquidity for the WLD being traded on centralized exchanges outside the U.S. These loans, amounting to 100 million WLD, were set to expire on Oct. 24, 2023.

However, World Assets Ltd. has chosen to extend these contracts until Dec. 15, 2023, albeit with a decreased loan sum of 75 million WLD.

As a result, market makers are anticipated to return up to 25 million WLD of the current outstanding loan by Oct. 24, contingent on the number of tokens they opt to purchase.

Meanwhile, Worldcoin Operators, who are integral to the project by running Orbs and verifying individuals, will soon receive their rewards in the form of WLD instead of USDC.

As part of this transition, a pilot program was launched on Oct. 10, 2023, by the Worldcoin Foundation, granting WLD rewards to select operators.

By November 2023, it's projected that all operators will be compensated in WLD.

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