- On Monday, July 24, 2023, the core network and the Worldcoin token are expected to be released. Before that, the company released the World App and World ID.
- This is an identifier and network for mutual payments. The protocol’s administration claims to offer the highest degree of security.
- Access is through retinal scans. The WLD token will serve as the “connecting link” in the ecosystem.
The Worldcoin project team announced the launch of the core network and the WLD token on July 24, 2023. The information was confirmed by the company’s founder and also the head of OpenAI, Sam Altman.
Worldcoin is a protocol that offers verification, digital asset storage and settlement functions. The platform consists of three main components – the WLD token, the World App and the World ID biometric identifier.
The company completed a major investment round at the end of May 2023. The startup’s exact market valuation has not been disclosed, but unconfirmed reports put it at about $3 billion.
The developers are positioning the site as a versatile tool. A high degree of security is achieved through biometric verification of users through World ID and a special gadget – Orb.
There are not many details about the token itself. Previously, the company offered a certain amount of WLD for registering and in-app retinal scans. Five crypto exchanges – Binance, OKX, Gate.io, Bybit and Huobi – announced the listing of the asset.
The distribution mechanism is being kept secret. It is expected to be revealed shortly after the release of the mainnet, as reported by Semafor, citing its sources.
According to the project’s official page, registration on the Worldcoin website is already open. But at the time of writing, only the logo is displayed here:
Reminder, Incrypted has a guide to the available activities in Worldcoin. Follow the link to learn more.