What is Worldcoin

Worldcoin is a global identity and public financial network designed to democratize participation in the digital economy for everyone, regardless of location, background, or economic status. It operates through a unique ecosystem comprising three key components: privacy-preserving digital identity (World ID), native token WLD, and the application World App.

World ID

World ID is a distinctive feature of Worldcoin. It is designed as a way to prove an individual’s uniqueness while protecting privacy. This digital identity aims to address a range of identity-based issues, such as fraud and identity theft, especially in digital transactions.

Worldcoin Token

The Worldcoin token WLD is another critical element of the ecosystem. WLD functions as a utility token, providing features within the network and giving users a say in the direction of the Worldcoin protocol. Importantly, WLD is the first token that can be distributed globally for free to individuals solely based on verification of its uniqueness. Currently, verified users can claim one free WLD token weekly, with no maximum limit.

World App

The third key component, World App, is a mobile application that enables payments, purchases, and transfers using digital assets and traditional currencies worldwide. Users can register their World ID through World App, claim their free Worldcoin tokens, and use their assets for transactions.

To register for a World ID, users need to download the World App from the App Store or Google Play, follow the prompts to find a local Worldcoin operator to verify their uniqueness, and receive their World ID within the app. Worldcoin operators are responsible for guiding new users and expanding to new locations regularly.

After the launch of the Worldcoin mainnet, users who have verified their uniqueness and are in regions where Worldcoin tokens are available will receive their Worldcoin tokens. Once distributed, tokens can be used for a variety of activities. For example, they can be used for governance, paying for transactions within World App, or stored as a valuable asset.

However, the value of the Worldcoin token (WLD) may fluctuate significantly based on multiple factors, similar to other digital assets. These factors include the total number of World ID holders, the scope of applications created by developers, and the circulating supply of tokens.

For those interested in obtaining more than their free share of WLD, they can purchase additional tokens after the mainnet launch, become Worldcoin operators, or receive Worldcoin grants from the Worldcoin Foundation, which are awarded to individuals contributing to the project’s progress. **$WLFI **$WLD