WLD · one of the most inflationary in our coverage.
Last 90 days: ~601M WLD came onto the market, 0 was taken off. Daily linear unlock from a pre-minted 10B reserve (community ~285M + TFH team/investor ~169M) plus a $65M Foundation OTC sale in March. Next 90 days lighter — the July 24, 2026 −43% blended emission cut lands inside the window — but the read is still one of our heaviest.
Community/operator linear unlock from the 75% Community pool: 3.2M WLD/day continuous distribution to Orb-verified humans + Orb operators + grants. The July 24, 2026 community-side rate cut drops this to 1.6M/day — INSIDE next-90D window. Piecewise: ~56 days pre-cut + ~35 days post-cut → ~235M / 90D.
Tools for Humanity team + investor 5-year linear vest at 1.9M WLD/day (80% of tokens extended Jul 2024 from 3y → 5y). July 24, 2026 team-side cut drops to 1.3M/day. Piecewise next-90D ≈ 152M.
Residual market-maker loan rotations. §0.45.3.4 enumeration: Mar 2026 OTC sale ($40M = ~147M WLD unrestricted portion) settled Mar 20, 2026 inside last-90D window; the $25M lockup release (~92M) lands ~Sep 28, 2026 — OUTSIDE next-90D. World Foundation + Tools for Humanity custody opacity ongoing.
No bankruptcy estate.
No protocol buyback mechanism.
No fee burn mechanism on the World token.
World Foundation is a net distributor (Row #3 watching), not a market buyer.
No new long-term lockup programme.
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