Move over, Bitcoin! Step aside, Ethereum! There’s a new kid on the crypto block, and it’s taking the world by storm.
Worldcoin, the brainchild of Sam Altman, the mastermind behind ChatGPT, has skyrocketed to the forefront of the crypto revolution.
But that’s not all – brace yourself for the mind-blowing news: Worldcoin has already made millions after launching its groundbreaking token. With a market capitalization that nearly touched $350 million, it’s the talk of the town and the envy of crypto enthusiasts worldwide.
On a mission to democratize income disparity and transform online identity verification, Worldcoin’s game-changing technology revolves around the innovative World ID project. Picture a decentralized identification system, where your privacy remains sacred, and your identity is firmly in your control.
And here’s the kicker – you too can be a part of this digital upheaval. Worldcoin has recently airdropped its impressive token, WLD, to users of the World App – absolutely free. Top-notch exchanges like Binance, OKX, and Bitget are already on board, listing WLD with gusto and the hype is real.
As you read this, the value of Worldcoin is soaring like never before, reaching incredible heights of $3.31 this week. Even now, it’s holding steady at $2.76, with a jaw-dropping market capitalization of over $296 million. These numbers are nothing short of awe-inspiring.
But before you dive headfirst into the crypto frenzy, let us be your trusted guide. In this comprehensive tour de force, we’ll take you on an adventure through the world of Worldcoin. We’ll explore its ambitious purpose, unveil the cutting-edge technology driving it, and reveal how you can safely hop aboard this crypto rocket.
What is Worldcoin?
Worldcoin is an Ethereum-based cryptocurrency token introduced by Tools for Humanity, a company founded by Alex Blania and Sam Altman, the CEO of OpenAI. Launched in May 2023, the platform garnered an impressive 2 million signups by July 14 of the same year. With a visionary goal, Altman aims to have 2 billion users, approximately a quarter of the global human population, as active members of the Worldcoin ecosystem.
Users of Worldcoin have the opportunity to receive tokens by signing up on the platform and undergoing the verification process, which involves obtaining a World ID. These tokens can be traded globally on various cryptocurrency exchanges, with prominent exchanges like Binance, Bybit, Huobi, OKX, and Gate already confirming the listing of the “WLD” token.
World ID: The Core of Worldcoin
The World ID is a crucial component of the Worldcoin project, serving as a global identification unique to each individual. Its primary function is to authenticate users into web, mobile, and decentralized applications securely. Similar to a digital passport, the World ID is stored on users’ mobile devices, enabling them to prove their human identity while accessing services and applications that require authentication.
One of the key features of the World ID is its ability to differentiate humans from AI-generated bots. As artificial intelligence continues to advance and take on more roles in society, the World ID will play a vital role in assisting governments and organizations in identifying and supporting humans financially.
Safety and Privacy of World ID
Co-founder Alex Blania assures users that World IDs are stored on blockchains, ensuring a high level of safety and privacy. Blockchains are decentralized and immutable, making them resistant to manipulation or shutdown by any individual entity. This feature instills confidence in users that their personal data remains secure within the platform.
To create a World ID, users need to share their personally identifiable information, including phone numbers, email addresses, and biometrics, with Worldcoin or its parent organization, Tools for Humanity. While the platform ensures security measures, users must exercise their judgment when deciding how much trust to place in the organization with their sensitive data.
How to Obtain Your World ID
To obtain your World ID, follow these steps:
Step 1: Download World App
The first step is to download the World App, the mobile wallet linked to the Worldcoin platform. The app is available for download on both Android and iOS devices.
Step 2: Sign Up
Once you have downloaded the World App, the signup process is simple and can be completed within minutes. While linking your mobile number to your account is optional, it is recommended to aid in recovery if you ever lose access to your phone. Additionally, the app offers a backup feature to save your details to your Google Drive, requiring authentication of your Google account.
Step 3: Physical Verification
After signing up, you can locate the nearest physical verification orb, available at pop-up locations in 35 cities across 20 countries (with more locations to be added in the future). The verification process involves an eye-scanning procedure to confirm your identity as a human.