TL;DR Breakdown
- Worldcoin, under the leadership of OpenAI’s chief Sam Altman, was released on Monday after collecting more than 2 million users during a beta period.
- At the core of the Worldcoin project is an eye-scanning “orb” that must be used in person and provides users with a unique digital identity to confirm they are real humans and not bots.
- WLD token is available on global crypto exchanges such as Binance, Huobi and Bybit.
- WLD has a circulating supply of 108,569,365 WLD coins and a max. supply of 10,000,000,000 WLD coins.
Description
Worldcoin, the ambitious crypto and digital ID initiative led by OpenAI’s chief Sam Altman, went live on Monday after years of development. The coin commits to verify users’ identities by scanning their eyes, potentially resolving one of the most pressing issues posed by recent advances in artificial intelligence, which have made it more difficult to … Read more
Worldcoin, the ambitious crypto and digital ID initiative led by OpenAI’s chief Sam Altman, went live on Monday after years of development. The coin commits to verify users’ identities by scanning their eyes, potentially resolving one of the most pressing issues posed by recent advances in artificial intelligence, which have made it more difficult to determine whether something was created by a human being or an algorithm.
What is the Worldcoin token?
Since its unofficial launch a number of years ago, the Worldcoin initiative has been subject to a number of criticisms. Concerns centre on the use of biometric data, such as eye scans, to verify the identity of users, specifically the privacy risks associated with collecting, storing, and using such data.
To some, the fact that the project incentivized early users to sign up in exchange for crypto constituted a ludicrous inducement. Given that one of the primary applications of the blockchain, the technology underlying cryptocurrencies and other distributed networks, is to conceal one’s identity.
On the other hand, others disagree with the premise of Worldcoin being used to identify individuals in such a personal and precise manner.
According to CoinMarketCap, the live Worldcoin price today is $2.21. The coin has a 24-hour trading volume of $396,185,103 WLD is up 1.40% in the last 24 hours.
The current CoinMarketCap ranking is #118, with a live market cap of $240,378,347. The coin has a circulating supply of 108,569,365 WLD coins and a max. supply of 10,000,000,000 WLD coins.
Approximately 80% of Worldcoin’s total supply was designated for worldwide distribution. It plans to accomplish this by offering free crypto to as many new “unique users” as possible as an incentive to sign up, with a particular focus on developing nations. In order to begin distributing Worldcoin, the corporation has already dispatched approximately 25 operators across the globe.
You can now reserve your share by downloading World App, the first protocol-compatible wallet. You then receive a World ID after visiting an Orb, a biometric verification device.
Eligible verified users can claim 1 free WLD token per week with no maximum. The amount is consistent across applicable regions.
How and where to buy Worldcoin?
As earlier reported by Cryptopolitan, several crypto exchanges rushed to list WLD token after its launch. Some of the top crypto exchanges, including Binance, announced plans to list the WLD token on their platforms.
All of these platforms used Twitter (now X) to notify their users of the token’s listing. In this regard, Bybit announced that the crypto exchange will offer trading pairs such as WLD/USDC and WLD/USDT.
Huobi has announced that the platform’s trading pair will be WLD/USDT. Huobi also revealed that the crypto exchange had opened deposits for the WLD currency, as announced on its official Twitter account, and that trading with the matching token had begun.
Here is a Binance case study
You can easily buy Worldcoin with the lowest fees and highest security anywhere Binance is available. First, create a free account on the Binance website or the app.
Your Binance account serves as a gateway for purchasing crypto. However, before you can purchase WLD, you must open an account and verify your identity. Register via the Binance App as a prerequisite. Alternatively, you can register online using your email address and mobile phone number.
1. Choose how you want to buy the WLD asset
On the top left of the Binance website navigation, click the “Buy Crypto” link to see the available alternatives in your country. You can pay with a credit or debit card. If you are a new user, this is the simplest way to buy Worldcoin (WLD). Binance accepts Visa and MasterCard.
You can also make a bank deposit. You will deposit fiat currency from your bank account to Binance and then use the funds to purchase Worldcoin.
Finally, you can make use of a third-party payment mechanism. There are several third-party payment channels available. Please check the Binance FAQ to see which are available in your area.
2. Check the payment details and fees
You have one minute to place your order at the current pricing. Your order will be adjusted after 1 minute based on the current market price. To see the updated order total, click Refresh.
3. Store or use your Worldcoin
Now that you have purchased WLD you can either deposit it in a personal crypto wallet or in your Binance account. You can also trade it for other cryptocurrencies or stake it on Binance Earn to generate passive income. If you wish to trade your Worldcoin on a decentralized exchange, you should consider Trust Wallet, which supports millions of assets and blockchains.
Note that, Worldcoin stocks are currently available on Binance, OKX, Bitrue, Bitget, and Bybit. Take time and learn how to purchase the coin in these individual exchanges.
Platforms differ in terms of security, dependability, and liquidity. Before opening an account, one ought to do some research. Every platform works in its own way. Some platforms are straightforward to use, while others are not.
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