What is Worldcoin (WLD) Token? It's on Binance!
Binance is known as the giant of the cryptocurrency world and is the largest cryptocurrency exchange in the world. Let's examine the details about Worldcoin (WLD), a cryptocurrency recently listed by Binance and attracting attention.
Worldcoin: A Worldwide Identity and Financial Network Destination
Worldcoin is a crypto project that defines itself with the goal of creating the world's largest identity and financial network. This project can also be considered a public service, as the main goal is to make identity and property rights open and accessible to everyone. At the heart of the project is a global identity network called World ID.
World ID allows users to verify their identity online and protect their privacy in the process. Revolving around this global identity network, Worldcoin requires people to create a World ID in order to participate in the system. To do this, users download an app called World App and authenticate using a device called Orb.
Orb: A Groundbreaking Device for Authentication
Orb uses multiple spectral sensors to verify that the user is a real person and a unique entity. Once the authentication is complete, users with a World ID are eligible to claim their free WLD token. This makes Worldcoin potentially one of the most widely distributed digital currencies. However, it should be noted that the tokens are currently not available in the US.
The Founders of Worldcoin and the Power Behind It
The Worldcoin project was founded by Sam Altman, Alex Blania and Max Novendstern. Sam Altman is also the co-founder and CEO of OpenAI, as well as the former head of startup incubator Y Combinator. The initial research and development phases of the project were carried out by Tools for Humanity (TFH) and other partners.
Worldcoin: A Protocol Aiming for Global Adoption
Unlike many other crypto projects, Worldcoin aims for a truly global adoption. The key feature of the project is that most of the tokens are issued to individuals simply for being human. Thanks to World ID, individuals can prove that they are a real and unique human being. This feature can be used on any platform that integrates with the Worldcoin protocol, which can be effective in areas such as social media, web3 systems or government programs. In addition, the project is characterized by features such as protection against fake accounts and fair distribution of government resources.
Worldcoin's Supply and Distribution
The total supply of Worldcoin is 10 billion WLD. Of this supply, 75% is allocated to the Worldcoin community, 9.8% to the Initial Development Team, 13.5% to TFH Investors and 1.7% to the TFH Reserve. This distribution emphasizes the sustainability of the project and a fair approach towards the community.
In conclusion, Worldcoin is a unique cryptocurrency project. Its goal of global identity and financial networking, its listing by major exchanges, and the strong founders behind the project all bode well for the future of Worldcoin. However, it is important to do your own research before investing in cryptocurrencies and to consult a financial advisor when necessary. While Worldcoin seems like an interesting project and full of potential, it is important to remember that every investment comes with risks.
