Worldcoin is one of Sam Altman’s most ambitious projects. An application from which we can receive tokens periodically for confirming that we are human and not an artificial intelligence. A kind of “universal income” in exchange for scanning our iris.
The project has more than 2 million users in beta and is officially launched today. The new WLD cryptocurrency it’s here. Those registered can already receive these tokens and exchange them.
Available in 20 different countries, including Spain, Worldcoin is one of the most striking crypto and digital identity projects of recent times. We have a very simple application, a cryptocurrency whose value will change and a device, the Orb, which is used to register the iris and where all its details have been shared with us to minimize doubts about its operation.
Sam Altman and the Germany-based team at Worldcoin have managed to capture more than 250 million dollars to launch this application. As the founder of OpenAI himself explains, the goal is simple: “to launch a global financial and identity network based on evidence of humanity. Especially important in the age of AI.”
Free tokens in exchange for your iris
Right now they have 2 million users who have already provided their biometric databut Altman wants Let that number be 2 billion. Basically a large part of the population. To all of them it will periodically assign tokens.
“The person will be able to do whatever they want with these tokens. The World App is like the blockchain wallet that my grandmother could use,” Ricardo Macieira, Worldcoin’s director for Europe, explained to Xataka.
At the moment, these WLD tokens will not be available in the United States due to regulatory uncertainty. Despite the legal decision with Ripple, it is still not clear to what extent these tokens can be considered ‘securities’. On the other hand, in the European Union cryptocurrencies have been well defined and companies like Worldcoin already know the requirements that they must put in place to comply with the legislation.
According to describe in the whitepaper from W.L.D., the company will keep 20% of all tokens to finance the development of the Orb. During the first 15 years, there will be a maximum of 10 billion tokens and 144 million in circulation.
Taking advantage of the launch of this new token, which will be received free of charge through the World App, other exchanges such as Binance have announced that will include it. At the moment the WLD is trading at about $2.65.
In the process of the token launch, Worldcoin has switched tokens from the Polygon network to the Optimism network. A process that you have to accept from the application and takes a few minutes.
Sam Altman and Worldcoin have created an app that comes with the promise of free cryptocurrency every week. A most striking premise that is complemented by a very well developed digital identity system. All in exchange for a iris scanning that seems a bit excessive at first glance to apply to everyone.
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