What is Worldcoin (WLD)

Worldcoin (WLD) Basic Introduction

Worldcoin (WLD) Profile

What is Worldcoin (WLD) Trading

Worldcoin (WLD) trading refers to buying and selling the token in the cryptocurrency market. On MEXC, users can trade WLD through different markets depending on your investment goals and risk preferences. The two most common methods are spot trading and futures trading.

Worldcoin (WLD) Spot Trading

Crypto spot trading is directly buying or selling WLD at the current market price. Once the trade is completed, you own the actual WLD tokens, which can be held, transferred, or sold later. Spot trading is the most straightforward way to get exposure to WLD without leverage.

How to Acquire Worldcoin (WLD)

You can easily obtain Worldcoin (WLD) on MEXC using a variety of payment methods such as credit card, debit card, bank transfer, Paypal, and many more! Learn how to buy tokens at MEXC now!

Deeper Insights into Worldcoin (WLD)

Worldcoin (WLD) History and Background

Worldcoin (WLD) History and Background

Worldcoin was founded in 2019 by Sam Altman, the CEO of OpenAI, along with co-founders Alex Blania and Max Novendstern. The project emerged from Tools for Humanity, a company established to develop and distribute Worldcoin's technology globally. The ambitious vision was to create a universal basic income system powered by cryptocurrency and biometric identification.

Core Mission and Vision

The primary goal of Worldcoin is to create the world's largest identity and financial network, giving ownership to everyone. The project aims to distinguish humans from AI in an increasingly digital world while providing universal access to the global economy. This becomes particularly relevant as artificial intelligence advances and the need for human verification grows more critical.

The Orb Technology

Central to Worldcoin's operation is the "Orb," a distinctive silver sphere that scans users' irises to create unique biometric identifiers. These devices are deployed worldwide to verify human identity and prevent duplicate accounts. The iris scanning process generates a cryptographic proof of personhood without storing the actual biometric data, addressing privacy concerns while maintaining security.

Token Launch and Distribution

WLD tokens officially launched in July 2023, marking a significant milestone for the project. The token distribution model includes allocations for verified users, ecosystem development, and the founding team. Users who complete World ID verification through Orb scanning become eligible to claim WLD tokens regularly, supporting the universal basic income concept.

Technological Infrastructure

Worldcoin operates on a custom blockchain designed for scalability and efficiency. The World ID system serves as a privacy-preserving digital identity solution, while the World App functions as the primary interface for users to interact with the ecosystem. This infrastructure supports both identity verification and financial transactions within the Worldcoin network.

Global Expansion and Adoption

Since its inception, Worldcoin has expanded operations to numerous countries across different continents. The project has established verification centers in major cities worldwide, allowing users to access Orb scanning services. This global approach reflects the ambitious scope of creating a truly universal digital identity and currency system.

Regulatory Challenges and Responses

Worldcoin has faced regulatory scrutiny in various jurisdictions due to its biometric data collection practices and cryptocurrency distribution model. The project has worked to address these concerns by implementing privacy protections, engaging with regulators, and adapting operations to comply with local requirements while maintaining its core mission.

Who Created Worldcoin (WLD)?

Worldcoin (WLD) was created by Sam Altman, Alex Blania, and Max Novendstern in 2019. Sam Altman, who is also the CEO of OpenAI, serves as the co-founder and plays a crucial role in the project's vision and development. Alex Blania acts as the CEO of Tools for Humanity, the company behind Worldcoin, and is responsible for the technical implementation and day-to-day operations of the project.

The founding team aimed to create a global cryptocurrency that could be distributed fairly to every person on Earth. Their ambitious goal was to establish a universal basic income system through cryptocurrency distribution, leveraging biometric technology to ensure each person receives only one allocation of tokens.

Tools for Humanity, the organization developing Worldcoin, was established to build the necessary infrastructure for this global distribution system. The company developed the Orb, a distinctive spherical device that scans users' irises to create unique biometric identifiers, ensuring that each individual can claim their Worldcoin allocation only once.

The project gained significant attention due to Sam Altman's reputation in the technology industry and his involvement with OpenAI. The team's vision extends beyond just creating another cryptocurrency; they aim to address wealth inequality and provide economic opportunities to people worldwide, particularly in developing countries.

Worldcoin's development involved extensive research into biometric technology, blockchain infrastructure, and economic modeling. The founders believed that by combining these technologies, they could create a more equitable distribution of wealth through cryptocurrency, potentially serving as a foundation for universal basic income programs globally.

The project officially launched its token in July 2023, marking a significant milestone in the founders' multi-year effort to bring their vision of global cryptocurrency distribution to reality.

How Does Worldcoin (WLD) Work?

Worldcoin (WLD) Overview

Worldcoin is a cryptocurrency project founded by Sam Altman, Alex Blania, and Max Novendstern that aims to create a global identity and financial network. The project operates through a unique combination of biometric verification, cryptocurrency distribution, and blockchain technology.

Core Components

The Worldcoin ecosystem consists of three main elements: World ID, WLD token, and World App. World ID serves as a privacy-preserving digital identity protocol that uses biometric verification to prove humanness without revealing personal information. The WLD token functions as the native cryptocurrency of the network, while World App acts as the primary interface for users to interact with the ecosystem.

Biometric Verification Process

Worldcoin uses specialized devices called Orbs to scan users' iris patterns. These spherical devices capture unique biometric data to create a cryptographic proof of personhood. The iris scan generates a unique hash that cannot be reversed to recreate the original biometric data, ensuring privacy protection. This process helps distinguish real humans from bots and prevents duplicate accounts.

Token Distribution Mechanism

WLD tokens are distributed to verified users through a universal basic income model. After completing iris verification, users receive free WLD tokens as part of the project's goal to provide universal access to cryptocurrency. The distribution aims to reach billions of people worldwide, creating one of the largest cryptocurrency adoption experiments.

Blockchain Infrastructure

Worldcoin operates on Ethereum as an ERC-20 token but also utilizes Optimism, a layer-2 scaling solution, to reduce transaction costs and improve efficiency. The project plans to transition to its own blockchain network called World Chain, which will be optimized for the specific needs of the Worldcoin ecosystem.

Privacy and Security Features

The system employs zero-knowledge proofs to verify identity without exposing sensitive biometric data. Iris scans are processed locally on Orb devices and converted into cryptographic hashes. The original biometric data is deleted, and only the hash remains to prevent identity theft while maintaining verification capabilities.

Worldcoin (WLD) Key Features

Worldcoin (WLD) Core Features

Worldcoin is a revolutionary cryptocurrency project that aims to create a global digital identity and currency system. The project introduces several distinctive features that set it apart from other blockchain initiatives.

Universal Basic Income Distribution

One of Worldcoin's primary objectives is to distribute cryptocurrency tokens to every person on Earth as a form of universal basic income. This ambitious goal seeks to provide financial inclusion and economic opportunities to individuals worldwide, regardless of their geographic location or economic status.

Biometric Identity Verification

Worldcoin employs a unique biometric verification system using specialized devices called "Orbs." These spherical devices scan users' iris patterns to create a unique digital identity, ensuring that each person can only claim tokens once. This biometric approach aims to prevent fraud and duplicate accounts while maintaining user privacy through zero-knowledge proofs.

World ID System

The project introduces World ID, a privacy-preserving digital identity protocol that allows users to prove their humanity online without revealing personal information. This system enables verification for various applications while protecting user anonymity and preventing bot manipulation.

Global Accessibility

Worldcoin focuses on global accessibility by deploying Orb devices in various countries and regions. The project aims to reach underserved populations and provide them with access to digital financial services, potentially bridging the gap between traditional banking and cryptocurrency adoption.

Privacy-First Approach

Despite using biometric data, Worldcoin emphasizes privacy protection through cryptographic techniques. Iris scans are converted into encrypted codes, and the original biometric data is deleted, ensuring that personal information remains secure while maintaining the integrity of the identity verification system.

Decentralized Governance

The WLD token serves as a governance token, allowing holders to participate in decision-making processes regarding the protocol's future development and policy changes. This decentralized approach aims to give the community control over the project's direction and evolution.

Worldcoin (WLD) Distribution and Allocation

Worldcoin (WLD) Token Distribution and Allocation

Worldcoin's token distribution follows a carefully structured allocation model designed to support the project's long-term vision of creating a global digital identity and currency system. The total supply of WLD tokens is capped at 10 billion tokens, distributed across several key categories.

Community Allocation

The largest portion, approximately 75% of the total supply, is reserved for the community. This includes tokens distributed through the World App to verified users who complete the iris scanning process using Worldcoin's Orb devices. This allocation emphasizes the project's commitment to universal basic income concepts and widespread adoption.

Investors and Development Team

Around 13.5% of tokens are allocated to investors who supported the project during various funding rounds. The development team and early contributors receive approximately 9.8% of the total supply. These allocations typically include vesting schedules to ensure long-term commitment and prevent immediate market dumping.

Reserve Fund

A small percentage is held in reserve for ecosystem development, partnerships, and unforeseen circumstances. This reserve helps maintain project stability and provides resources for future expansion initiatives.

Distribution Mechanism

WLD tokens are distributed primarily through the World App after users verify their unique human identity through iris scanning. This process, called "proof of personhood," ensures each individual can only claim tokens once, preventing fraud and maintaining fair distribution.

Vesting and Release Schedule

Token releases follow predetermined schedules to prevent market volatility. Community tokens are released gradually as more users join the network, while investor and team tokens have multi-year vesting periods with cliff periods and gradual unlocking mechanisms.

Worldcoin (WLD) Utility and Use Cases

Worldcoin (WLD) Use Cases and Applications

Worldcoin (WLD) is a cryptocurrency designed to create a global digital identity and financial network. The project aims to provide universal access to the global economy through its unique biometric verification system and digital currency distribution.

Primary Use Cases:

Universal Basic Income (UBI): Worldcoin's main application is distributing free cryptocurrency tokens to verified humans as a form of universal basic income. Users receive WLD tokens regularly after completing iris scanning verification through the Orb device, ensuring one person receives one allocation.

Digital Identity Verification: The World ID system serves as a privacy-preserving digital identity solution. It enables users to prove their humanity online without revealing personal information, addressing bot detection and fake account issues across digital platforms.

Financial Inclusion: WLD tokens provide access to decentralized finance (DeFi) services for unbanked populations globally. Users can participate in lending, borrowing, and trading activities without traditional banking infrastructure requirements.

Cross-Border Payments: The cryptocurrency facilitates fast, low-cost international transfers, particularly beneficial for remittances and global commerce. WLD transactions bypass traditional banking systems, reducing fees and settlement times.

Governance Participation: WLD holders can participate in protocol governance decisions, voting on proposals that shape the network's future development and token distribution mechanisms.

Application Scenarios:

E-commerce Integration: Online merchants can accept WLD payments, expanding payment options for customers while reducing transaction costs compared to traditional payment processors.

Social Media Verification: Platforms can integrate World ID to combat fake accounts and bots, ensuring authentic user interactions and reducing spam and misinformation.

Gaming and NFTs: WLD serves as in-game currency and NFT marketplace medium, enabling verified human participation in blockchain gaming ecosystems.

Charitable Distributions: Organizations can use Worldcoin's verification system for transparent, efficient aid distribution, ensuring funds reach intended beneficiaries without duplication or fraud.

Worldcoin (WLD) Tokenomics

Tokenomics describes the economic model of Worldcoin (WLD), including its supply, distribution, and utility within the ecosystem. Factors such as total supply, circulating supply, and token allocation to the team, investors, or community play a major role in shaping its market behavior.

Pro Tip: Understanding WLD's tokenomics, price trends, and market sentiment can help you better assess its potential future price movements.

Worldcoin (WLD) Price History

Price history provides valuable context for WLD, showing how the token has reacted to different market conditions since its launch. By studying historical highs, lows, and overall trends, traders can spot patterns or gain perspective on the token's volatility. Explore the WLD historical price movement now!

Worldcoin (WLD) Price Prediction

Building on tokenomics and past performance, price predictions for WLD aim to estimate where the token might be headed. Analysts and traders often look at supply dynamics, adoption trends, market sentiment, and broader crypto movements to form expectations. Did you know, MEXC has a price prediction tool that can assist you in measuring the future price of WLD? Check it out now!