According to Coingecko, the WLD token has increased by more than 20% to reach US$2
Worldcoin, a cryptocurrency project founded by OpenAI CEO Sam Altman, launched on Monday. The project’s core offering is its World ID, which the company describes as a “digital passport” to prove that its holder is a real human, not an AI bot. To get a World ID, a customer signs up to do an in-person iris scan using Worldcoin’s ‘orb,’ a silver ball approximately the size of a bowling ball. According to Reuters, once the orb’s iris scan verifies that the person is a real human, it creates a World ID.
The company behind Worldcoin is San Francisco and Berlin-based Tools for Humanity. Crypto exchanges Binance, Huobi, Bybit, and OKX have listed Worldcoin’s WLD token, which went live on Monday.
According to Coingecko, the WLD token has increased by more than 20% to reach US$2. The token has already been listed on Huobi and Bybit, where users can deposit and trade. Bybit plans to make withdrawals available on Tuesday at 10 a.m. UTC, while OKX will also make withdrawals available simultaneously. Huobi users can trade the WLD/USDT pair, while Bybit has also made WLD/USDC available for trading.
According to a blog post, Binance will list Worldcoin “and tentatively set to open trading for these spot trading pairs” for WLD, bitcoin (BTC), and USDT at 9 am UTC on Monday. Binance will allow withdrawals starting Tuesday at 9 a.m. UTC. OKX enabled deposits at 7 a.m. UTC on Monday and will list WLD/USDT “Once token deposit meets requirements,” it said in a press release.
Altman told Reuters Worldcoin also can help address how generative AI will reshape the economy. “People will be supercharged by AI, which will have massive economic implications,” he said.
One example Altman likes is universal basic income, or UBI, a social benefits program usually run by governments where everyone is entitled to payments. Because AI “will do more and more of the work that people now do,” Altman believes UBI can help to combat income inequality. Since only real people can have World IDs, it could be used to reduce fraud when deploying UBI.
