BTSE will add Worldcoin (WLD) onto its platform, adding to its users’ selection of quality digital assets. Additionally, WLD will be listed on BTSE’s wider ecosystem of 10+ white label crypto exchanges, enabling better liquidity and pricing. Users will be able to trade WLD via the WLD/USDT and WLD/USDC trading pairs.
1. Deposits enabled: 6:00am (UTC) on July 25, 2023 (Supported network: ERC-20)
2. Trading enabled: 7:00am (UTC) on July 25, 2023
3. Withdrawals enabled: TBA
Worldcoin: Pioneering Global Identity Verification and Democratizing Cryptocurrency Ownership
Worldcoin is an ambitious project co-founded by renowned industry figures, including Sam Altman, the co-founder and current CEO of OpenAI, with a mission to build the largest identity and financial network worldwide. This mission revolves around World ID, a revolutionary, privacy-preserving identity network enabling users to validate their humanness (Proof of Personhood) online while ensuring their privacy through cutting-edge zero-knowledge proofs.
Individuals can verify their identity using an innovative device called the Orb, operated by a network of independent local businesses or Orb Operators. This device uses multispectral sensors to confirm the individual’s humanness and uniqueness while respecting privacy, with all images promptly deleted by default.
How to Engage with Worldcoin?
To partake in the Worldcoin network, individuals first need to download the World App, the maiden wallet application that supports the creation of a World ID. After visiting an Orb to get their World ID verified, users become eligible to claim recurring grants of free WLD tokens. This has the potential to position WLD as the most widely distributed digital currency, truly making cryptocurrency a universal asset.
The Role of WLD Token
Designed as a utility token with governance properties, WLD gives power to its users, granting them a voice in the future evolution of the protocol. World ID’s unique “one-person-one-vote” mechanisms, combined with the conventional “one-token-one-vote” systems, lay the groundwork for innovative governance models, and the community will play a crucial role in shaping these.
Moreover, WLD may serve various uses beyond governance. Users could opt to use WLD tokens to pay for specific actions within the World App or other wallet apps, make payments, or even signal approval for various initiatives or causes.
It’s important to note that WLD is an ERC-20 token, operating on the Ethereum blockchain, with user grants being distributed on the Optimism Mainnet. As such, most WLD transactions will likely occur on the Optimism network.
What Traders See in WLD
WLD token offers a unique proposition in the crypto landscape, making it a fascinating addition to any portfolio. The innovative approach to identity verification with World ID could pave the way for new forms of online interactions, impacting web3 systems, social networking sites, and governmental programs. This token’s wide distribution and potential universal adoption, coupled with its multifaceted utility and governance aspects, make it an intriguing prospect for cryptocurrency enthusiasts. World ID has gained over 2 million sign-ups at the time of writing.
Trade on the go — download the BTSE mobile app (iOS/Android)
Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at firstname.lastname@example.org or on Twitter @BTSE_Official.
Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.