Worldcoin, which has been much discussed a few months ago, is finally online. What’s more important is that once you go online, everything will be covered. In fact, there are not many such lineups. The last time it was the arb second-tier public chain. We all know that worldcoin is another work of Altman, the founder of openai.

From the white paper, we can see that its vision and mission are: to build the world’s largest identity and financial network as a public utility, giving everyone ownership.

The goals regarding the $WLD token are as follows:

-Most $WLD tokens will be awarded to individuals - simply for being a unique person

- Most people alive today receive $WLD tokens, making $WLD the most widely distributed digital currency

- The $WLD token, along with World ID, will be used for protocol governance

- The $WLD token will form the basis of the largest privacy-preserving identity and financial network

It is currently an ERC-20 token issued on the Ethereum mainnet. Individuals can receive rewards on the Optimism mainnet (iris-authenticated users). Therefore, most WLD transactions will likely be conducted on the Optimism network. The initial circulation at launch was 143 million, of which 43 million were distributed to users who had verified their iris, and 100 million were loaned to market makers.

Currently, more than 2 million users have undergone iris verification, and this process is still ongoing. This is the general situation after worlcoin is launched.

Some friends asked whether the current valuation of worldcoin is high or low. Is it necessary to hold it?

For the valuation of a new project, generally speaking, we first look at the track in which the project is located, and then look for similar types to benchmark for a simple valuation. Because most projects in the currency circle do not generate profits at all at the beginning, it is impossible to use the stock PE set for valuation.

First, let’s see which track does his positioning belong to?

For this type of project, I thought it was a DID track at first. Then I checked again and found that Ouyi did not classify it, but Bi'an classified it in the AI ​​sector. Later I read the white paper and found that it was indeed Can be attributed to the AI ​​sector. If it belongs to the AI ​​sector, it is actually difficult for us to find a suitable project to benchmark against, because it is indeed a new species.

Let’s look at the currency price again. The price at this time is about 2 US dollars, and the circulating market value is nearly 300 million US dollars. So is this 300 million US dollars high or low?

From the perspective of a public chain, it is definitely underestimated, but is worldcoin a public chain? Not yet, at least not yet. If we look at second-tier applications, the market value is actually neither high nor low (in terms of a bear market). If we look at the total diluted market value of FDV, it has now reached nearly 20 billion US dollars.

This valuation is very interesting and is close to the current valuation of #openai, but can the newly born worldcoin be compared with openai? Although they are born to the same father, I think they are still not comparable.

In addition, judging from worldcoin's past financing, the valuation in the last round of financing was 3 billion, with a total of 125 million US dollars raised. That is to say, when it raised funds a few months ago, it was valued at US$3 billion, and as soon as it went public, its valuation increased by six times.

Where does this intermediate valuation difference come from? Not to mention just a few months. From the perspective of speculation, the project was sought after by major exchanges as soon as it was launched. It was popular and was born with a golden key. Therefore, I think that if the market can stabilize, there is the possibility of speculation in the short term 1-2 months. ;

But from the perspective of investment in one to two years, it seems that the room for imagination is very limited (it is already 20 billion, what else can you imagine).

For us retail investors, we are not only concerned about the track, but also the imaginary room for appreciation. With such a high market value from the beginning, even if we think it is promising in the future, it makes people feel boring and has no urge to participate. Therefore, my personal attitude towards this project is that I will not hold it for the time being.

#荣耀时刻