A U.S. Securities and Exchange Commission filing submitted by Grayscale for a Worldcoin ETF says roughly 90% of circulating WLD is held in just 100 wallets, according to Protos. The disclosure stands in contrast to Worldcoin’s stated goal of distributing tokens fairly to as many people around the world as possible. The filing also says World Chain’s sequencer is run in a centralized manner. In addition, upgrade authority is coordinated by a small group of participants from World Foundation, Tools for Humanity, and Optimism, while governance remains primarily guided by World Foundation. The details add to scrutiny around token concentration, infrastructure control, and governance design tied to the project.
According to Protos, a U.S. Securities and Exchange Commission filing submitted by Grayscale for a Worldcoin ETF says about 90% of circulating WLD tokens are concentrated in 100 wallets.
The filing says that concentration contrasts with the project’s stated vision of distributing tokens fairly to as many people around the world as possible.
It also acknowledges that World Chain’s sequencer is operated in a centralized manner.
The document adds that upgrade functions are coordinated and controlled by a small group of participants from World Foundation, Tools for Humanity, and Optimism, and that governance “remains primarily guided by World Foundation.”
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
