Commencing Tuesday, individuals shall be the recipients of WLD tokens rather than the conventional USDC. As stipulated within a novel document drafted by developers. The ambitious and contentious venture known as Worldcoin (WLD) is set to transition operator incentives from the stable USDC to the indigenous WLD tokens on the impending date of October 24th. This maneuver shall precipitate an augmentation in the WLD token’s presence within the unrestricted market domain.
In a statement published last Sunday. Worldcoin elucidated, “The WLD token’s initial release was characterize by relatively modest circulating supply, slightly exceeding 100 million WLD units. This restraint was a deliberate strategy, with the primary objective being the establishment of a vast network encompassing as many human entities as conceivable. To materialize this vision, a substantial portion of the WLD token reservoir will allocated towards conferring user grants. Directed to both nascent and pre-existing users, over the forthcoming years.”
Worldcoin, underpinned by the vision of Sam Altman, the progenitor of OpenAI. Functions as an identity protocol distinguished by deployment of an intricate apparatus labeled ‘Orb’. This apparatus is instrumental in verifying the authenticity of individuals by scrutinizing their irises, thereby affirming their human status. This distinctive approach is anticipate to confer substantial benefits to the broader realms of cryptocurrency and artificial intelligence (AI) as they become increasingly integrated into the fabric of our society.
Users who have been validate via the utilization of the ‘Orb’ have the prerogative to claim WLD tokens through the dedicated project application, provided they abide by the requisite regulatory frameworks. In a parallel manner, the operators of the ‘Orb’ were remunerate with USDC tokens for each iris scanning procedure conducted. The precise remuneration structure for these operators remains shrouded in obscurity.