What Is Worldcoin WLD Token And Where Can You Buy It?
Posted By John Smith
Worldcoin’s vision is one of a world where a simple iris scan safely unlocks a unique digital identity — removing the need for anyone to give up personal information. That’s right, users can’t get a World ID without first scanning their retinas. In the meantime, you can download the World App and reserve your share of tokens ahead of your scan. Alternatively, you can send ETH from an existing exchange to a wallet.
After selecting your preferred payment method, enter the amount you would like to deposit into your account. Check deposit and withdrawal fees beforehand so that you can enter the exact amount for depositing and for fees. Cross check the payment details and confirm the transaction to finally add funds into your account. Most of the crypto exchanges have both mobile applications and website interfaces.
Secure Your Account
Remember, investing in cryptocurrency involves risk, so always do your research and invest responsibly. This usually involves providing your email address and creating a password. Some exchanges may require additional information for verification purposes. In the ever-evolving world of cryptocurrency, one name that’s been making waves is Worldcoin. See the Worldcoin Tokenomics section of the project’s whitepaper for details.
This guide explores the five leading exchanges that support the native crypto of the Worldcoin project. Bybit is the next best crypto exchange platform to buy Worldcoin tokens after Binance. It handles over $2 billion worth of transactions in a day and is also known for advanced trading features like leveraged trading and derivatives trading. You can buy Worldcoin tokens by using USDT or USDC trading pairs on Bybit.
Most Orbs are operated by a network of independent local businesses called Orb Operators. The Orb uses multispectral sensors to verify humanness and uniqueness, with all images being promptly deleted on-device per default (absent explicit consent to Data Custody). The mission of the Worldcoin project is to build the world’s largest identity and financial network as a public utility, giving ownership to everyone.
Bybit
The platform caters to a wide range of users, from casual investors to experienced traders. This makes it ideal for trading WLD, as Worldcoin users may come from different sectors, with different levels of trading experience. The process of verifying your identity includes uploading government-issued identity cards like driving license or other IDs. Some exchanges also make it mandatory to verify your address with address proofs like electricity bills or other utility bills.
This suggests that only six addresses own a sizable portion of the total amount of Worldcoin. These addresses belong to people or organizations that hold a significant amount of the total supply of tokens. The user registration process for Worldcoin is its most notable—and contentious—aspect. You must have your eyes scanned to demonstrate that you are a “unique human,” in the words of Worldcoin, to register with the system and receive your free share of Worldcoin. The purpose of this website is solely to display information regarding the products and services available on the Crypto.com App.
Why is Worldcoin price falling despite recent bullish catalysts from OpenAI?
While buying WorldCoin requires an investment, the transaction fees and cost structure depend on the exchange used for its purchase. Worldcoin is available on several reputable cryptocurrency exchanges, including OKX, Binance, Gate.io, Coinbase, and Bybit. Each platform provides a unique set of tools and services tailored to both beginner and experienced traders looking to invest in WLD. Launched in 2018 by Ben Zhou, Bybit quickly became a crypto community favorite thanks to its easy-to-use platform and sophisticated trading features. Distinct for its perpetual contract offerings, Bybit allows indefinite project management salary position holding, appealing to those with long-term trading outlooks. Additionally, it’s low fee of 0.1% is advantageous for those looking to purchase Worldcoin.
- The story, which cited unnamed sources with knowledge of the situation, stated that a breakdown of how the Worldcoin tokens will be allocated will also be made public.
- KuCoin is a well-known name in the industry, and one of the most competitive when it comes to fees and trading costs.
- As such, the price of WLD can be impacted by any AI or Altman-related news.
- The currency should function as a type of universal basic income to promote more fair access to the global economy, according to co-founders Altman and Alex Blania.
- Worldcoin token is a groundbreaking cryptocurrency project that aims to build the world’s largest identity and financial public utility.
- The next step is to verify your mobile number and email address by entering the codes you receive.
- Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your Worldcoin (WLD).
How to buy other crypto assets
The leading global cryptoc exchange is how to buy ethereum in the uk known for its extensive selection of cryptocurrencies, including Worldcoin. The platform offers a straightforward and secure purchasing process. Worldcoin (WLD) is a crypto project at the forefront of blockchain and AI technology. As interest in Worldcoin grows, we’re here to highlight the leading reliable platforms where prospective investors can buy WLD safely and securely.
The levels of security, dependability, and liquidity vary amongst platforms. Please note that the availability of the products and services on the Crypto.com App is subject to jurisdictional limitations. Crypto.com may not offer certain products, features and/or services on the Crypto.com App in certain jurisdictions due to potential or actual regulatory restrictions.
Aside from buying WLD, can I also deposit and store WLD from a centralized exchange or another wallet?
You can either register on the website or in a mobile application based on your preference. The next step is to verify your mobile number and email address by entering the codes you receive. Login to your account and enter other prompted details required to complete account creation. It aims to create a global identity and financial network by verifying users’ humanity through unique biometric data. This innovative approach involves scanning users’ irises to confirm their identity, which raises intriguing implications for both privacy and accessibility in the crypto space. Investing in Worldcoin is more than just a financial decision; it’s a step into the future of global economics.
For 15 years following launch, the supply cap is fixed to 10B WLD (enforced by the WLD smart contract). After 15 years, governance may decide to implement an inflation rate of up to 1.5% per year if it deems necessary for the long-term sustainability of the protocol. Governance will also decide how to allocate these newly minted tokens (if any). The inflation cap of 1.5% per year is enforced by the WLD bootstrap 5 get started smart contract.
Deposit Funds
Before we dive into how to buy WLD using Trust Wallet, you’ll need to create a wallet if you don’t already have one. Trust Wallet is available as a mobile app or you can get the Trust Wallet Extension for your desktop web browser. In this example, we’ll set up a new wallet using the Trust Wallet Mobile App.
When Worldcoin appears in the results, tap it to open up the purchase screen. OpenAI’s co-founder Sam Altman spearheads the ambitious cryptocurrency and digital ID project. As such, the price of WLD can be impacted by any AI or Altman-related news. The chart below shows WLD reaching $2.48 on Nov. 16, 2023, before beginning a tumble that quickly accelerated following news of Altman being sacked from OpenAI on Nov. 17, 2023. WLD also surged following Altman’s subsequent return to the OpenAI board.
So far, the Worldcoin token price has witnessed an overall growth of 220% since its launch in July 2023. Investing it in the current market conditions is the best choice if you are looking to make profits in the future. If you are looking to buy Worldcoin but do not know how to proceed, we are here to help you.
Get Your First Worldcoin (WLD) with KuCoin
- So far, the Worldcoin token price has witnessed an overall growth of 220% since its launch in July 2023.
- Understanding the benefits of buying Worldcoin, while also being aware of the potential risks, is key to making informed investment decisions.
- Reward amounts will be determined based on the type and relevance of the information provided.
- In the Crypto.com mobile App, search for Worldcoin by typing ‘Worldcoin’ into the search bar.
- Trust Wallet is available as a mobile app and as the Trust Wallet Chrome Extension.
- Cross check the payment details and confirm the transaction to finally add funds into your account.
If you seek to convert your WLD using a centralized exchange, you may need to transfer your tokens back to the exchange from your wallet. Once funded, you can choose to sell your Worldcoin for stablecoins or Bitcoin on most crypto exchanges. While using a wallet is only required if you plan on buying Worldcoin via a DEX, it’s recommended that you use a hardware wallet to store your crypto assets. Unlike holding your tokens on an exchange, using a cryptocurrency wallet allows you to hold custody over your funds, and it reduces the risk of your funds being stolen. You’ll need to create an account, set up a digital wallet, and then you can purchase Worldcoin. It has broadened its services to encompass margin trading with different leverage options and lending and borrowing facilities.
This community is a valuable resource for learning, networking, and collaborating. Navigate to the appropriate trading pair (e.g., WLD/USDT) and enter the amount you wish to purchase. Therefore, most WLD transactions will likely take place on the Optimism network.