Worldcoin mainnet launches, WLD token soars 60% on major exchanges Worldcoin mainnet launches, WLD token soars 60% on major exchanges
Worldcoin's mainnet went live on July 24, airdropping the WLD token to early community members.
2 min read
Updated: Mar. 6, 2024 at 3:27 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Worldcoin, the Sam Altman-backed digital identity project, has launched its mainnet, and its native WLD token jumped by more than 60% after being listed across major exchanges, including Binance, Bybit, Huobi, and others.
The mainnet went live earlier today, July 24, and WLD’s value spiked above $2.50 within an hour of its launch, according to data from Coingecko.
Worldcoin mainnet launch
According to a July 24 statement, Worldcoin was launched to create a new identity and financial network for everyone.
“Worldcoin consists of a privacy-preserving digital identity network (World ID) built on proof of personhood and, where laws allow, a digital currency (WLD). Every human is eligible for a share of WLD simply for being human. “
The project stated that its launch could help to increase “economic opportunity, scale a reliable solution for distinguishing humans from AI online while preserving privacy, and enable global democratic processes.”
The project has been in development for over three years, raising $115 in a May Series C funding round led by Blockchain Capital. However, the project has attracted significant criticisms for targeting people in the global south and privacy concerns.
WLD token
According to its tokenomics, the token has an initial supply of 10 billion, with 75% allocated to its community, 9.8% to the development team, and 13.5% to Tools for Humanity investors.
Early community members, over 2 million people who have been verified, were allocated over 43 million WLD tokens.
Blockchain analytical firm 0xScope stated that the Worldcoin airdrop has begun with more than 90,000 addresses eligible, and most can only claim around 25 WLD tokens each.
The Worldcoin mobile app has also been updated, and people can reserve their share of the WLD tokens through the app. However, to earn WLD tokens, users must visit a Worldcoin Orb location where they will be scanned to verify their human identity and provide proof of their humanity.
The WLD token is unavailable in the U.S. due to unclear cryptocurrency regulations.
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Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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Worldcoin
$2.25299
Worldcoin’s mission is to build the worldโs largest identity and financial network to serve as a public utility, giving ownership to everyone.
Binance
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.
HTX
Huobi, a virtual asset exchange, launched a revised branding strategy on September 13, 2023, where “Huobi” will be rebranded as “HTX.” “H” stands for Huobi, “T” represents TRON with a commitment to being all in TRON, and “X” stands for the exchange.
Bybit
Bybit is a cryptocurrency derivative trading platform established in March 2018 and registered in the BVI.
Sam Altman is the CEO of OpenAI, an AI research and deployment company since 2019.
