Worldcoin to launch its WLD token and mainnet in the present day

Key takeaways

• Worldcoin’s protocol launch is slated for in the present day, July twenty fourth.

• The undertaking may even launch its WLD token in the present day, months after elevating over $100 million. 

Sam Altman’s Worldcoin to go reside in the present day

Sam Altman’s crypto undertaking Worldcoin is slated to launch its mainnet protocol and native WLD token in the present day, July twenty fourth. The corporate made this announcement through Twitter over the weekend.

It is time. 24.7.23 pic.twitter.com/9oHW4DIMJX

— Worldcoin (@worldcoin) July 23, 2023

Worldcoin is a cryptocurrency undertaking created partly by OpenAI CEO Sam Altman. Worldcoin has garnered consideration within the crypto house and Silicon Valley for its formidable method to attempting to resolve two main issues: On-line id authentication and earnings inequality.

Instruments for Humanity, the corporate behind Worldcoin, raised $115 million in a Sequence C funding spherical in Could. The funding was led by distinguished crypto enterprise capital companies, together with Blockchain Capital. a16z, Bain Capital Crypto and Distributed World.

Worldcoin co-founder Alex Blania believes that within the age of AI, the necessity for proof of personhood has turn out to be essential. Blania added that the proof of personhood options have to be privacy-oriented, decentralized and maximally inclusive. 

Worldcoin to unveil its WLD tokenomics in the present day

Along with the launch of the WLD token, Worldcoin will reveal the precise tokenomics of the undertaking. 

This newest cryptocurrency information comes after Worldcoin launched a pockets for its protocol referred to as World App. The pockets is at present working on the Polygon blockchain. 

Worldcoin’s father or mother firm, Instruments for Humanity, has provided individuals from numerous components of the world free WLD tokens in alternate for scanning their  irises with a tool referred to as “The Orb.” 

In keeping with the corporate, the Iris scans be sure that individuals can have just one Worldcoin ID. The Worldcoin ID could possibly be used to distinguish actual individuals from bots. It may additionally assist scale back or eradicate fraud if governments around the globe resolve to distribute “common fundamental earnings” to their residents.

In the meanwhile, the WLD token is not going to be obtainable to traders in the USA because of regulatory uncertainty.