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- The Worldcoin (WLD) initiative, led by the CEO of OpenAI, is now officially operational.
- Binance has revealed the listing of the Worldcoin (WLD) token.
The highly anticipated cryptocurrency initiative Worldcoin, co-founded by Sam Altman, the CEO of OpenAI, has officially launched as of July 24, as confirmed by the team. Following this announcement, the cryptocurrency exchange Binance disclosed the listing of the Worldcoin (WLD) token.
#Binance will list @worldcoin $WLD.
https://t.co/WmsuRY8YJc pic.twitter.com/7Bja3w7kxF
— Binance (@binance) July 24, 2023
https://t.co/WmsuRY8YJc pic.twitter.com/7Bja3w7kxFThe Worldcoin protocol enters the decentralized arena as a “limited” system for verifying real-world identities, ensuring that a registered account is managed by a unique individual, while keeping the specific identity confidential. This protocol comprises three essential components: World ID, WLD token, and World App.
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Firstly, World ID represents a privacy-preserving digital identity grounded in proof of personhood. Secondly, WLD serves as the native cryptocurrency of the network, facilitating incentivization. Thirdly, World App functions as the interface that protects and administers the World ID credentials.
Binance, the leading cryptocurrency exchange, has announced the listing of the Worldcoin (WLD) token. Users can now begin depositing WLD on the platform. Additionally, withdrawals for WLD tokens are scheduled to commence on July 25. The trading pairs available for this listing are WLD/BTC and WLD/USDT. Other prominent cryptocurrency exchanges that have expressed support for the WLD listing include Huobi, Bybit, and OKX.
Worldcoin Is Restricted to the US Users
Recently, Tools for Humanity, the tech firm behind the Worldcoin initiative, secured $115 million in Series C funding, backed by Blockchain Capital and other investors, such as a16z, Bain Capital Crypto, and Distributed Global.
It has been reported that Worldcoin will not be accessible to users based in the United States due to regulatory uncertainties. Furthermore, co-founders and investors residing in the United States will only be able to obtain the tokens when they are outside the country’s borders. As of July 14, nearly 2 million users have registered for World ID.
Despite some apprehensions, investors remain enthusiastic and optimistic about the advancements of this extensive project. The report also indicated that Worldcoin aims for global scale alignment, suggesting that the journey will be complex and the results unpredictable.
