#wld World Coin is a decent project, but the downside is that it raised over 200 million in the early stages and issued over 1 billion tokens, causing institutions that invested in 2021 and 2022 to have costs below 0.1. The 115 million invested in 2023 is higher than the current price(so the proportion of tokens given relative to unlocked tokens is not high), especially in Series A. Three Arrows Capital and FTX were early investors (Three Arrows sold daily tokens immediately, FTX sold uniformly at market price discounts), with estimated costs around 0.01-0.02. With 25 million, they received a