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What exactly Worldcoin is and who is behind the project, we have researched for you
What is Worldcoin? The most important information
Worldcoin is not just a cryptocurrency, but also a company that includes projects such as World ID and World App. You should know this information:
- Worldcoin is a project by Sam Altman, Max Novendstern and Alex Blania. Tools for Humanity GmbH is behind the technical development
- The core element of Worldcoin is the so-called World ID. This is an identity protocol that people can use to identify themselves as real people in the age of AI.
- In order to access all the functions of the associated World app, a one-off biometric scan of the iris is required, which is carried out using an orb.
- The Word app includes a crypto wallet that currently (as of March 2024) enables trading in Bitcoin, Ethereum, Worldcoin and USD Coin.
- If you want to trade with the Worldcoin token (WLD), you must be identified as a real person via iris scan. Verified users receive a credit of 25 WLD.
- If no nearby orb is available, this starting credit can be reserved for one year. Orbs in the vicinity can be found via the Worldcoin website
- The World App was developed so that it also works on older smartphones, requires little mobile data and uses as little memory as possible. This should enable Worldcoin to be used worldwide – even in economically weaker regions.
- According to the project founders, the digital currency in combination with the World ID should form the basis for a global basic income and give everyone access to the global economic system.
How to buy Worldcoin
If you are interested in where and how you can buy Worldcoin, you will find the most important information here:
- Worldcoin is traded under the abbreviation WLD
- In addition to the Worldcoin project, which is based on World ID, there is another cryptocurrency under the name WorldCoin. However, this is traded under the abbreviation WDC. Here you should be careful which WorldCoin you buy so as not to get the wrong one
- On the CoinMarketCap page you will find a list of all crypto marketplaces that allow trading in WLD.
