Worldcoin, a highly ambitious crypto project, has taken the financial world by storm with its unique approach towards achieving global scale. Backed by Sam Altman, the former head of the startup accelerator Y Combinator and current CEO of OpenAI, along with several other high-profile individuals, the project intends to distribute a new digital currency globally to every person with internet access. What is Worldcoin crypto? How to buy Worldcoin? Here’s everything you should know about the WLD token.
The core team behind Worldcoin has crafted a lofty vision for the future. According to the project’s whitepaper, Worldcoin is designed as an inclusive cryptocurrency, offering every person on the planet an opportunity to participate in the global economy irrespective of their geographical location. The project promises to push the boundaries of blockchain technology to ensure a more equitable financial landscape.
What is Worldcoin Orb?
To successfully roll out its project, Worldcoin has introduced a unique piece of hardware known as the “Orb”. The Orb is a futuristic basketball-sized device that is capable of scanning users’ eyes to produce a unique biometric identifier. This identifier is then used to ensure each person receives their fair share of Worldcoin tokens. It’s an innovative approach to user verification, aimed at discouraging fraud and ensuring a fair distribution of the new cryptocurrency.
How to Verify World ID?
In order to verify your world ID, you’ll need to schedule an appointment at the nearest country/city where it is provided. Check out the following link to take an appointment: https://worldcoin.org/find-orb
Is Worldcoin available in the US?
Unfortunately, Worldcoin is not available yet for US citizens. Despite Worldcoin network being inclusive to all, the tokens are not currently available in all countries. The reason for this is the fear of lawsuits from the SEC like what recently happened with Ripple and other crypto projects.
What Does the Crypto World Think about Worldcoin?
Opinions on Worldcoin’s unique approach have been varied. Vitalik Buterin, the co-founder of Ethereum, shared his thoughts on Worldcoin’s biometric approach in a recent blog post.
Buterin outlines several potential risks that biometrics present when used at a large scale, including privacy concerns and the possibility of irreversible harm if the biometric data is compromised. He stresses the difficulty of replacing biometric data, unlike passwords or private keys, once it has been exposed.
Despite the potential benefits of biometric technology in preventing fraud and abuse in cryptocurrency distribution, Buterin argues that the use of biometrics should be subjected to high ethical standards and strict oversight due to the sensitive nature of the data. He also points out the challenges in ensuring the meaningful consent of individuals when collecting such data.
What’s the Ticker of Worldcoin?
It is important to note that the rise of new crypto projects often gives birth to fraudulent schemes designed to ride on the popularity of legitimate initiatives. Some of these scams create projects with names similar to the original to trick unsuspecting investors. To avoid falling victim to such deceptions, it is vital to know the official ticker for Worldcoin, which is WLD.
How to Buy Worldcoin
Acquiring Worldcoin (WLD) tokens is a straightforward process. The tokens can be purchased on Binance, a leading global cryptocurrency exchange. Prospective buyers will need to register an account on Binance and complete the Know Your Customer (KYC) procedure. After successfully funding their account, they can then buy WLD tokens directly on the platform.
How to Download the Worldcoin App?
You can easily find the official Worldcoin app on both App Store and Google Store. However, be wary of other fake projects that have a similar name.