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Blockchain

Worldcoin Announces Circulating Supply Update and Sales to Trading Firms

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Worldcoin Foundation’s subsidiary, World Assets Ltd., intends to address the rising demand for orb-verified World IDs and support the expansion of the Worldcoin network by selling WLD tokens. These sales will be executed through private placements with trading firms located outside the US, with measures implemented to prevent the resale of tokens to US individuals. This move will lead to an increase in the circulating supply of WLD tokens.

In a recent update posted on the Worldcoin blog, it was disclosed that World Assets Ltd., a subsidiary of the Worldcoin Foundation, plans to sell WLD tokens from its treasury to cater to the increasing demand for orb-verified World IDs and to aid in the growth of the Worldcoin network.

The majority of the current circulating supply of 193 million WLD tokens has been distributed to over 5 million individuals with orb-verified World IDs and through user grants across more than 160 countries. To facilitate the sale of WLD tokens, World Assets will conduct private placements with selected institutional trading firms operating outside the United States.

These private placements will span up to six months and will incorporate measures to prevent the flow of WLD tokens sold outside the US back into the country. For instance, participating trading firms will be prohibited from reselling WLD tokens to individuals or on digital asset trading platforms accessible to US persons. Additionally, a 40-day lock-up period may be enforced to restrict the resale of WLD tokens by trading firms, subject to legal and commercial considerations.

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World Assets aims to engage with multiple trading firms, fostering competition among them to ensure that private placements are executed at prices close to prevailing market rates for WLD tokens, while considering the aforementioned restrictions.

In the current market scenario, World Assets anticipates selling between 0.5 million and 1.5 million WLD tokens on average per week. This volume represents less than 0.1% to 0.4% of the weekly trading volume, resulting in a corresponding increase in the circulating supply of WLD tokens.

It is essential to acknowledge that World Assets may deviate from the outlined plans, and readers are advised to consult the Disclaimer provided in the Worldcoin Whitepaper for further information. Moreover, engaging with crypto products like WLD tokens entails inherent risks, and individuals are encouraged to review the Important User Information available on the Worldcoin website.

Please note that the availability of Worldcoin (WLD) tokens is limited to specific territories and is not intended for individuals, companies, or organizations situated in the United States or other restricted territories. Nevertheless, World ID, TFH’s World App, and other associated functionalities within the Worldcoin ecosystem remain accessible in the United States.

Source: blockchain.news

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The post Worldcoin Announces Circulating Supply Update and Sales to Trading Firms appeared first on HIPTHER Alerts.

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UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System

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The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.

Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.

“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”

ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.

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“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”

The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.

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Bybit Supports Wildlife Conservation Through Sea Turtle Adoption Initiative with Subsum

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Libfx.com Announces Vision to Build a World-Class Financial Platform

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