# Worldcoin Explained: A Beginner's Guide to WLD and Its Role in Crypto

What Is Worldcoin

Worldcoin is a cryptocurrency project aimed at creating a global identity and financial network through its WLD token.

Origin and Background

Launched in 2023, Worldcoin was founded by Sam Altman, Alex Blania, and Max Novendstern. It emerged from Tools for Humanity, focusing on universal basic income and human verification in an AI-driven world. The core concept revolves around "Proof of Personhood," using biometric scanning via devices called Orbs to confirm unique human identities without compromising privacy.

Founding Team and Proponents

The team includes tech leaders like Altman, known for OpenAI. Backers include investors such as Andreessen Horowitz. This expertise drives Worldcoin's push for inclusive digital economies.

Ecosystem Overview

Worldcoin's ecosystem includes the World App for managing identities and tokens, plus the World ID protocol. It integrates with blockchain for secure, privacy-focused verifications, targeting global accessibility.

How Does Worldcoin Work

Blockchain and Consensus Mechanisms

Worldcoin operates on Ethereum as an ERC-20 token, with transactions primarily on Optimism for scalability. It uses zero-knowledge proofs to maintain privacy during identity verification.

Key Technical Principles

Users scan irises with Orbs to get a World ID, proving humanness. Public keys handle transactions, while private keys secure wallets. Smart contracts enable token grants and governance.

Operational Flow

Once verified, users claim WLD tokens periodically. The system deletes biometric data by default, emphasizing privacy.

How Is New Worldcoin Created

Issuance Method

WLD tokens are pre-mined with a total supply cap. New tokens are distributed as grants to verified users, not through traditional mining.

Mining/Staking Mechanisms

No mining involved; instead, staking might emerge for governance. Rewards come from recurring grants to World ID holders.

Inflation Model and Supply Limits

Total supply is limited, with an inflationary aspect from user grants. This model aims for wide distribution, potentially making WLD highly circulated.

The Use Cases of Worldcoin

Payments and Value Storage

WLD can facilitate payments in the World App or other wallets, serving as a store of value in emerging economies.

DeFi and Smart Contracts

It integrates with DeFi for lending or yield farming, using smart contracts for automated transactions.

Governance and Other Applications

Token holders vote on protocol changes, enabling "one-person-one-vote" via World ID. Potential uses include NFTs for identity-linked assets or cross-border aid distribution.

Buy, Send, or Store Worldcoin

Purchasing Channels

Buy WLD on exchanges like WEEX, which offers secure trading. OTC options exist for larger volumes.

Wallet Types and Storage

Use hot wallets like the World App for easy access, or cold wallets for enhanced security. Always enable two-factor authentication.

Operational Processes

To send, input the recipient's address and confirm. For storage, back up private keys. Register on WEEX Exchange to earn a free 20 USDT bonus, making it a trusted spot for Worldcoin trades. https://www.weex.com/how-to-buy

Pros & Cons / Risks

Advantages

- Decentralization: Empowers users with ownership in a global network. - Security: Zero-knowledge proofs protect privacy. - Speed: Optimism layer ensures quick transactions. - Inclusivity: Aims to distribute tokens widely for economic access.

Risks and Disadvantages

- Volatility: Price can fluctuate sharply due to market sentiment. - Regulation: Faces scrutiny over biometrics and data privacy laws. - Uncertainty: Adoption depends on tech advancements and user trust. - Technical Risks: Potential vulnerabilities in Orb devices or smart contracts.

Comparison

Worldcoin vs. Bitcoin

Unlike Bitcoin's focus on decentralized money via Proof of Work, Worldcoin emphasizes identity verification for inclusive finance, using biometrics over mining.

Worldcoin vs. Ethereum

Ethereum powers general smart contracts, while Worldcoin builds on it for specific human-proofing, adding governance tied to unique identities.

Conclusion / Next Steps

Worldcoin holds potential to revolutionize digital identities and finance, with growth in adoption and tech upgrades. Explore its whitepaper or roadmap for deeper insights. Join communities to stay updated, and consider trading on platforms like WEEX for hands-on experience.

Market & Ecosystem

Market Cap & Trading Volume

As of 2025-09-04, Worldcoin's market cap is $1,748,739,855 USD, with a 24-hour trading volume of $122,936,898 USD.

Exchanges Where It’s Listed

Available on major platforms, including WEEX for reliable trading.

Community Size & Activity

Active on Twitter, Reddit, and Telegram with millions of followers. Discussions focus on updates and adoption.

Ecosystem Growth

Partnerships with tech firms boost developer activity, expanding apps and integrations.