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Worldcoin live price chart

WLD price can be volatile. You can see the history of price changes in the cryptocurrency price chart below to help you make the best decision while considering buying crypto.

As you can see, the current Worldcoin price is 2.385446573374836. In any case, whether you want to buy the dip or just want to buy WLD for your personal needs - we got you!

What is Worldcoin?

Worldcoin is a cryptocurrency project aimed at establishing a globally inclusive identity and financial network, designed to be owned by the majority of humanity. At its core, Worldcoin comprises two primary components: the privacy-preserving digital identity network known as World ID, and a digital currency denoted as WLD. The overarching goal is to provide every human with access to a share of WLD simply by virtue of being human.

Worldcoin's innovative solution involves granting users a unique digital identity through in-person iris scans administered by a specialized silver orb. These scans ensure that each person receives only one digital identity, which is securely stored on the blockchain.

Worldcoin was established by Sam Altman, Alex Blania, and Max Novendstern (who departed the project in July 2021). Notably, Sam Altman, one of the co-founders, holds positions as the CEO of OpenAI and is a former president of Y Combinator, a renowned startup incubator. Initial research and development efforts for the Worldcoin initiative were undertaken by Tools for Humanity (TFH) alongside other collaborators.

The project has garnered significant financial backing, accumulating over $250 million USD in funding across multiple investment rounds. Key investors include a16z, Khosla Ventures, Bain Capital Crypto, Blockchain Capital, and Tiger Global, among others.

Central to the Worldcoin initiative is the concept of "proof of personhood," which entails verifying an individual's humanity and uniqueness without divulging their real-world identity. This verification process is facilitated through custom biometric hardware, known as the Orb, which employs multispectral sensors to ascertain humanness and uniqueness.

The World ID network operates on the Worldcoin protocol, allowing individuals to assert their humanity to any verifier while safeguarding their privacy through zero-knowledge proofs. World IDs are intended to be person-bound, meaning they should only be utilized by the individual to whom they were issued, with robust measures in place to prevent fraudulent use.

The issuance of the Worldcoin token (WLD) serves to align the incentives of network participants toward the growth of the network, particularly in its early stages. This token distribution model aims to address the "cold start problem" and foster widespread adoption of the network.

The World App serves as the initial interface to World ID, guiding individuals through the verification process with the Orb and managing their World ID credentials. This application implements cryptographic protocols to securely share credentials with third parties in a privacy-preserving manner.

Functionally, Worldcoin operates around the World ID network, enabling individuals to prove their humanity to integrated platforms. This capability facilitates fair distribution mechanisms, protects against bot attacks, and supports global democratic processes. Moreover, World ID holds the potential to revolutionize digital interactions by providing universally accessible decentralized financial and identity infrastructure.

To obtain a World ID, individuals initiate by downloading the World App, a user-friendly application storing their World ID for use across various platforms and services. The app, designed with simplicity in mind, caters especially to cryptocurrency novices, offering basic decentralized financial functionalities such as token swapping via a decentralized exchange and connection with dApps through WalletConnect. Importantly, the platform permits third-party developers to create their own clients without requiring explicit permission, fostering a diverse ecosystem of World ID-supporting applications.

Upon verification through the Orb, individuals receive a World ID, a privacy-preserving proof-of-personhood credential. With World ID, users can periodically claim a predefined amount of WLD (Worldcoin Grants), where regulations permit. Additionally, World ID serves as a means to authenticate human identity in various services, such as preventing user manipulation during voting processes. Future iterations of the Worldcoin Protocol may extend to issuing additional credentials beyond World ID.

To streamline the utilization of World ID and the Worldcoin Protocol, an open-source Software Development Kit (SDK) is provided, facilitating interactions for both Web3 and Web2 applications. This SDK includes tools, libraries, APIs, and documentation for developers to seamlessly integrate World ID into their applications, enabling rapid and straightforward web, mobile, and on-chain integrations. Notably, the SDK encompasses features like a web widget (JS), developer portal, and development simulator, as well as examples and guides.

The Orb, designed to withstand scalable attacks, incorporates robust anti-fraud measures that are continuously refined by multiple teams at Tools for Humanity. Ongoing efforts include enhancing the accuracy and sophistication of liveness algorithms, with internal red team assessments probing various attack vectors. Plans entail extending red teaming activities to external collaborators through a bug bounty program.

Worldcoin envisions a future where everyone, regardless of their location, can participate in the global digital economy. Through seamless access to finance and identity, the project aims to foster greater equality of opportunity on a global scale. Additionally, the intersection of finance and identity facilitated by Worldcoin has the potential to revolutionize various sectors, including governance, consumer incentives, and the distribution of scarce resources.

The WLD token is the native asset of the project that powers the network. It has an initial and total supply of 10 billion, and as of February 22, 2024, the circulating supply is 132,801,934 WLD. 

The distribution of the 10 billion WLD tokens is as follows:

• 75% of the WLD tokens are allocated to the Worldcoin community.
• 9.8% of the WLD tokens are allocated to the Initial Development Team.
• 13.5% of the WLD tokens are allocated to TFH Investors.
• 1.7% of the WLD tokens are allocated to the TFH Reserve.

In August 2023, Kenya, one of the initial launch countries for Worldcoin, halted its enrollment program, citing concerns regarding security, privacy, and financial matters. The decision came after the Kenyan Office of the Data Protection Commissioner had previously directed Worldcoin to cease the collection of personal data, a directive that Worldcoin failed to adhere to. Additionally, Worldcoin ceased its offline verification operations in India.

The Average Fees on the Worldcoin

The fees on the Worldcoin protocol can vary depending on the amount of transaction and the network congestion, block size, transaction priority, etc. They can also depend on the specific platform used for transacting the assets. On average the fees for transacting the WLD token will be around 0,1%-0,2% of the transaction. 

The Worldcoin Token Wallets 

The WLD token can be held and stored in many of the popular crypto wallets, including Trust Wallet, Meta Mask, Ledger, imToken, Torus, Coinbase, iToken Wallet, Assure Wallet, Coinhub, BRD Wallet, etc. 

Where and How to Buy the Worldcoin

Worldcoin (WLD) is available for trading on various cryptocurrency exchanges. Some popular cryptocurrency exchanges where Worldcoin or WLD tokens might be listed for trading include Binance, Coinbase, Kraken, Bittrex, Huobi, KuCoin, Bitfinex, OKEx, Gate.io, Bitstamp, etc.