Crypto community puzzled over Worldcoin’s mixed circulating supply data

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Crypto aggregators and on-chain suppliers appear to supply contradictory info in regards to the WLD token provide, prompting considerations concerning the accuracy of the information.

In an X post on Mar. 20, Nansen CEO Alex Svanevik identified a major distinction between Worldcoin‘s reported circulating provide of the WLD token and the information displayed on Optimism, the place tokens had been migrated from Ethereum in 2023. Svanevik in contrast knowledge from crypto aggregator CoinGecko and the Optimism bridge protocol, uncovering a discrepancy of practically 10 million WLD tokens within the circulating provide.

CryptoQuant CEO Ki Younger Ju added that one other crypto market aggregator, CoinMarketCap, additionally presents a contrasting view in comparison with on-chain knowledge. Ju recommended that the token circulating info on centralized aggregators seems to be self-reported by the Worldcoin workforce, labeling it as “clearly improper.”

Nonetheless, in response, Remco Bloemen, Worldcoin’s head of blockchain, recommended that the distinction in numbers might stem from the truth that over 50 million treasury tokens are held on Optimism, clarifying that “these [tokens] are bridged however not circulating.”

As of press time, Worldcoin has not issued any public statements addressing the distinction between the self-reported figures and people displayed on-chain. Crypto.information reached out to Worldcoin for remark however had not obtained a response on the time of publication.

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