WLD (Worldcoin) Project Analysis
Worldcoin is an ambitious and innovative project that seeks to solve identity and financial issues worldwide, especially for those who lack legal or digital identities. Worldcoin is also a controversial project, which involves user privacy and security issues, as well as token distribution and governance issues. Worldcoin needs to overcome many technical, legal and social challenges in order to realize its vision.
2. Recent flash point
Worldcoin has garnered some attention recently, mostly because it unveiled a device called the Orb, a device that scans a user's eyeball and verifies their identity in a matter of seconds. Worldcoin released a series of tweets on Twitter, introducing the internal structure and working principle of Orb, and released related hardware engineering documents. It also posted a video on its website showing what the Orb looks like and how to use it, and invited users to sign up to participate in the test.
3. Project introduction
Worldcoin aims to be a global cryptocurrency accessible to everyone on the planet, whether they have a bank account in their name or not. Although the currency has been around since 2013, it won't gain global acceptance until 2021, when plans to distribute it are revealed. Worldcoin's ambitious plan is to register 1 billion users within the next two years. Its founders plan to achieve this by distributing 30 "Orbs" to operators worldwide. With these devices, operators can scan the irises of millions of people, and in return they will receive Worldcoin as payment. Its founders' ultimate goal is to create a version of universal basic income for the cryptocurrency age and, in the process, provide banking services to as many unbanked people as possible/
4. Token role
Its proof method is to use an eye scanning device called Orb to scan the user's iris to generate a unique digital identity, and then through an application called World App, a certain amount of World tokens are issued to users every month, which can be freely exchanged with other cryptocurrencies.
5. Token economic model
The upper limit of Token supply is 10 billion. Except for 2 billion coins that will be reserved for the Worldcoin Foundation and investors, the remaining 8 billion coins will be freely distributed around the world.
6. Project Highlights
It was initiated by OpenAI founder Sam Altman, and its goal is to achieve communism around the world, that is, to send free money to humans around the world every month, as long as they can prove that they are a human being. Worldcoin is a new cryptocurrency project that aims to enable global financial inclusion and basic income by scanning users' eyeballs to distribute tokens.
7. Investment institutions
Worldcoin is backed by several well-known investors who make up some of the biggest names in the cryptocurrency space: Sam Bankman-Fried (co-founder of FTX), Denis Nazarov (formerly a16z, founder of mirror.xyz), and Jesse Walden (founder of Variant Fund). Additionally, many early team members from Solana, several Ethereum projects, Polkadot, and Reid Hoffman (co-founder of LinkedIn) were involved in Worldcoin. In its first round, Worldcoin raised $25 million, valuing the company at $1 billion. The company recently reportedly raised another $100 million, valuing it at $3 billion.
8. Community
Twitter 105,000, Telegram 8,700, Discord 16,000
9. Special economic model
none
10. Future Outlook
The future vision of Worldcoin is to become the world's largest identity and financial network, providing everyone with a digital identity and an initial capital, so that they can enjoy various advantages brought by blockchain technology, such as transparency, security, decentralization, etc. Worldcoin plans to distribute tokens globally in the first quarter of 2023, and will support more blockchain networks and applications in the future.
Basic information
Project introduction: The goal of Worldcoin is to become a global cryptocurrency that can be used by everyone on the planet, whether they have a bank account in their own name or not. Although the currency has been around since 2013, it won't gain global acceptance until 2021, when plans to distribute it are revealed. Worldcoin's ambitious plan is to register 1 billion users within the next two years. Its founders plan to achieve this by distributing 30 "Orbs" to operators worldwide. With these devices, operators can scan the irises of millions of people, and in return they will receive Worldcoin as payment. Its founders' ultimate goal is to create a version of universal basic income for the cryptocurrency age and, in the process, bank the as many unbanked as possible.
Full name of the currency: Worldcoin
Token name: WLD
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2023/7/24