Sam Altman Crypto Project: Worldcoin Launches

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Starting a buzz in the digital currency universe, Sam Altman’s cryptocurrency, Worldcoin, has announced the launch of its WLD token and mainnet Monday via Twitter. This new chapter in Worldcoin’s journey has been eagerly awaited by its dedicated community.

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The Sam Altman crypto project is launched

The company cleverly drummed up expectations through a series of enticing tweets throughout the weekend. While the launch wasn’t a complete surprise (thanks to an embargoed press announcement), Traffic lights However, he managed to get the scoop by reporting the news first.

In a clever twist, Worldcoin sent users a push notification on Sunday asking them to update their mobile app, accompanied by a cryptic but intriguing message: “It’s time. Join us in the World App. July 24, 2023 11:00.”

Image source: Worldcoin Twitter

With the green light now flashing, developers can freely access Worldcoin software development kit, which was previously exclusive to beta mode. This allows them to create tools and applications that work with World ID, crypto firm Sam Altman’s signature identity protocol.

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Achieving full verification involves an intriguing process: users must have their irises scanned by a specialized device called the Orb, a product unique to the Worldcoin project. Orb creates a unique identifier from human irises, ensuring that no related data is processed or stored locally, according to the company’s claims.

Worldcoin airdrop

Previously, some users had the opportunity to receive beta tokens through five separate Worldcoin airdrops. Tiago Sada, head of product, engineering and design at Tools for Humanity, the startup backing Worldcoin, announced that these beta tokens will be converted. Once converted, users are free to use them in any way within the World App or even withdraw them for use elsewhere.

Complying with the Ethereum ERC-20 project, the Worldcoin token was designed with a familiar structure.

Regarding Worldcoin’s debut on exchanges, Sada offers a laissez-faire perspective, stating:

“We will see what the other parties choose to do. What we know is that there are some features, like some peer to peer concepts, that will be available from day one on the World App, and then everything else will be up to different people.

Worldcoin’s forward-looking roadmap calls for a massive distribution of 10 billion Worldcoin (WLD) tokens upon reaching a formidable user base of 1 billion. As many as 8 billion tokens have been allocated for community airdrops, underlining the project’s commitment to its users.

The remaining billion tokens are intended to ensure the long-term stability and growth of the cryptocurrency protocol. This pool includes rewarding programmers, tool contributors, and investors. The scale of Worldcoin’s vision is further illustrated by the fact that $100 million worth of tokens were delivered to financial institutions that participated in the first round. The Sam Altman crypto project, it seems, has set its sights high.

How to buy Worldcoin?

For enthusiasts eager to get hold of Worldcoin, Binance made the process simple. The world-famous cryptocurrency exchange has enlisted the Sam Altman cryptocurrency, WLD, on its platform. Indicatively, trading for the new spot trading pairs is expected to begin at 09:00 (UTC) on July 24, 2023.

Budding traders can look forward to these enticing spot trading pairs: WLD/BTC and WLD/USDT. Binance has allowed users to deposit WLD early. Additionally, it has scheduled a tentative time of 09:00 (UTC) on July 25, 2023 to begin WLD withdrawals. However, users should note that this is a temporary timeline. They can monitor the actual withdrawal status via the platform’s withdrawal page.

Image source: Unsplash

Adding to the allure, Binance has set the WLD listing fee at 0 BNB. Additionally, within 48 hours of 09:00 (UTC) on July 24, 2023, Binance intends to incorporate WLD as a loanable asset, introducing a new isolated margin pair: WLD/USDT.

Users who want the most up-to-date list of margin assets and complete details on particular limits and rates are advised to consult the margin data.

Speaking of spheres

Sam Altman’s crypto venture, Worldcoin, is making waves in the crypto space with its launch, which also means the completion of the project’s migration to the Optimism network, a Layer 2 scaling solution for Ethereum. This dual event is coupled with increased global availability of Orbs, the project’s unique iris scanning devices.

So far, only 200 spheres have been accessible to the public, analyzing over 2 million individuals. Tiago Sada of Tools for Humanity, the force behind Worldcoin, plans to increase this number to 1,500 by the end of the year. Made in Germany, these spheres offer the convenience of booked appointments, a marked improvement over previous pop-ups, thus improving user accessibility.

Image source: Worldcoin Twitter

OpenAI co-founder Sam Altman is a driving force behind this venture. His company, the one that developed ChatGPT, is part of Tools for Humanity, the collective that gave life to Worldcoin. This forward-thinking team secured a whopping $115 million Series C in May, with participation from blockchain giants such as Blockchain Capital, a16z, Bain Capital Crypto, and Distributed Global.

Worldcoin co-founder Alex Blania highlighted the project’s commitment to privacy, decentralization and inclusiveness in a press release, highlighting them as crucial factors for personality testing solutions in the age of artificial intelligence .

While the exact tokenomics of the project will be revealed later on Monday, Worldcoin launched a protocol wallet called World App on Polygon in May. But due to regulatory complexities, the US market will not see WLD available.

Is there a Worldcoin NFT?

And for those curious about a Worldcoin NFT, the answer for now is no. However, Worldcoin may venture into the NFT domain in the future.

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