Worldcoin Will Instead Issue WLD Rewards to Operators, Extending Loan Agreements to 5 Market Makers Until December 15, 2023
On October 23, Worldcoin officially announced that during the transition period after the launch of Worldcoin, Orb operators will be rewarded in the form of USDC. Currently, this transition period is coming to an end and operators will receive rewards in the form of WLD. In addition, when WLD is officially launched, World Assets Ltd. (a subsidiary of the Worldcoin Foundation) has signed loan agreements with five market makers operating outside the United States.
However, World Assets Ltd. has decided to extend the initial loan agreement to December 15, 2023, with a reduction of 75 million WLD in total loan amount while keeping all other terms of the agreement unchanged. Therefore, on October 24, 2023, market makers will return 25 million WLD of the current outstanding loans.
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