Worldcoin

Worldcoin (WLD) is a cryptocurrency project that aims to create the world's most extensive identity and financial network, emphasizing privacy and inclusivity. The project is built around World ID, a global identity network that uses zero-knowledge proofs to allow users to prove their humanness online without compromising privacy. To participate, individuals must download the World App and verify their identity with a physical imaging device called the Orb. Worldcoin distributes free WLD tokens to Orb-verified individuals, potentially making it one of the most widely circulated digital currencies. WLD tokens have utility and governance properties, allowing users to influence the protocol's future. The token is an ERC-20 token on the Ethereum blockchain, with transactions primarily occurring on the Optimism network.

• Total Supply

• : The total supply of WLD tokens is capped at 10 billion.

• Purpose

• : WLD tokens are designed to be utility tokens with governance properties, enabling users to participate in the governance of the Worldcoin protocol. They may also be used for payments and other actions within the World App or wallet apps.

As of today 26 July 2024, the price of Worldcoin is ₹217.84 INR, with a 24-hour trading volume of 253968149.17 USD. The market capitalization for Worldcoin is 695071691.9USD. The circulating supply is 295936402.75 Worldcoin, with the total supply also being 10000000000 Worldcoin.

• Inclusivity

• : Worldcoin's distribution model aims to give people equal access to worldwide digital currency.

• Privacy

• : The use of zero-knowledge proofs in World ID ensures user privacy.

• Governance

• : WLD token holders can participate in the governance of the protocol.

• Utility

• : Beyond governance, the token may have additional use cases as the community decides.

• Wide Distribution

• : The project's goal to distribute tokens widely could lead to a large and diverse user base.

• Privacy Concerns

• : Despite privacy measures, collecting biometric data may raise concerns.

• Regulatory Uncertainty

• : The lack of clarity in regulations could affect the project's operations.

• Volatility

• : Like all cryptocurrencies, WLD is subject to market volatility.

• Technical Complexity

• : Understanding and participating in the project may be challenging for non-technical users.

• Environmental Impact

• : The energy consumption of blockchain technology is a concern for some.

• Innovative Identity Solution

• : Worldcoin's World ID could become a standard for online identity verification.

• Potential for Growth

• : The project's unique approach to distribution may lead to rapid adoption and growth.

• Community Governance

• : Investors have a say in the project's direction through governance participation.

• First-Mover Advantage

• : Worldcoin's identity verification method is novel in crypto.

• Backing by Reputable Figures

• : The project is co-founded by Sam Altman, a notable figure in the tech industry.

• Proof of Personhood

• : Worldcoin's identity verification method is unique in cryptocurrency.

• Global Distribution Model

• : The project aims to distribute tokens to every person on Earth, which is unprecedented.

• Privacy Preservation

• : World ID's use of zero-knowledge proofs sets it apart from other identity solutions.

Worldcoin addresses the issue of identity verification in the digital age by providing a privacy-preserving solution that can distinguish between real humans and bots or AI, which is increasingly important as the internet becomes more integrated into daily life.

Worldcoin was co-founded by Sam Altman, a prominent entrepreneur and the CEO of OpenAI. Altman's background in technology and artificial intelligence lends credibility to the project.

Worldcoin raised $240 million during its token sale, which ended on July 24, 2023.

• Regulatory Risks

• : Changes in cryptocurrency regulations could impact the project.

• Privacy and Security Risks

• : The collection and storage of biometric data could be targeted by malicious actors.

• Market Volatility

• : The price of WLD tokens could be highly volatile.

• Adoption Risks

• : The project's success depends on widespread adoption, which is not guaranteed.

• Technological Risks

• : Potential technical issues could arise with the Orb devices or the World App.

Worldcoin aims to revolutionize digital identity and finance by creating a global "proof of personhood" system using blockchain and biometrics. The World ID system employs zero-knowledge proofs to verify individual uniqueness without compromising privacy, using the Orb, a biometric device that deletes images post-verification. The Worldcoin token (WLD) incentivizes network growth and aims for wide distribution. The World App supports World ID creation, facilitating user interaction with the protocol. Worldcoin's broader goals include enabling instant, borderless transactions, combating bots, equitable resource distribution, and potentially supporting global democratic governance and AI-funded UBI. Success hinges on token adoption, Orb effectiveness, and application development. Investors should exercise due diligence. Worldcoin's vision is to build an inclusive global identity and economic network, pending technological and adoption milestones.