According to The Block, FTX is preparing to sell 22.3 million locked Worldcoin (WLD) tokens, worth about $37.7M, at a discount to raise money to pay off debt.
Interested parties must submit an auction application before 7 AM tomorrow (Vietnam time) and will receive the results later if the application is accepted. That means FTX will sell in the form of OTC, not directly on the exchange because the tokens are still locked.
The discount for these tokens can range from 40% to 75% compared to the current market price of WLD (about $1.69/token).
This time, FTX decided to sell all remaining WLD to pay off debt. These tokens will be unlocked from December 1, 2024 to July 2028, opening a little bit each day. Previously, FTX had sold off SOL and MPLX tokens, now it's WLD's turn to be on sale!
