⚠️The fear is rising, could this be the start of the new identification system???
WLD coin, co-founded by OpenAI's Sam Altman, aims to create a global digital currency by providing everyone with a unique ID through iris scans. The project envisions financial inclusion for the unbanked and seamless global transactions, harnessing the power of blockchain technology.
However, this ambitious vision has met with significant backlash. Privacy advocates express deep concerns about the potential misuse of biometric data. The idea of scanning irises to generate unique IDs raises alarms about surveillance and data security. Critics argue that the project risks becoming a dystopian tool for mass data collection.
The backlash isn't just theoretical. In Kenya, where Worldcoin began trials, the government of kenya suspended its operations, citing concerns over data privacy and regulatory compliance. Additionally, some participants have reported feeling misled about the scope and security of the data collected.
Despite these issues, Worldcoin presses on, promising robust safeguards and transparency. Yet, the project's ability to overcome its reputational and ethical challenges remains uncertain, casting a shadow over its potential to revolutionize global finance.
Alert ⚠️ ⚠️ ⚠️ Don't invest blindly. Let me breakdown for you the whole truth about Tapswap and Why Expectations for TapSwap Need to Be Realistic. ‼️‼️‼️
In the dynamic world of cryptocurrency, it’s crucial to have a grounded understanding of market cap and supply to set realistic expectations for coin value. Recently, there has been confusion between NOT coin and TapSwap coin, leading to inflated expectations for TapSwap’s potential price. Let’s break this down to clear up misconceptions and set a realistic outlook.
The Basics
Market capitalization (market cap) is a key metric to evaluate the value of a cryptocurrency. It is calculated as: Market Cap = Price per Coin ×Total Supply
For context, NOT coin currently has a circulating supply of 100 billion coins and a market cap of $506 million USD. This gives each NOT coin a value of around : 506 million USD ÷100 billion coins = 0.00506 USD per coin
Now let's review TapSwap: The Supply Challenge 56 Trillions coins / 760 Billions taps = 73 Coin per Taps Let us suppose 10% are allocated for the Tap to earn airdrop which makes total supply of 560 Trillions Coins. Now many are going to attack me with a big lie they have been fed with of 1 billion tokens supply. Well, I do my own research before typing, minor tapswap miners are having 2 million coins😂😂
TapSwap coin with expected staggering total supply of 560 trillion coins, a vastly higher supply compared to NOT coin. To set realistic price expectations, let’s assume TapSwap achieves the same market cap as NOT coin, which is $506 million USD.
Calculating TapSwap’s Potential Price
Using the market cap formula, we can calculate the expected price per TapSwap coin: Price per TapSwap Coin= 506 million USD÷560 trillion coins
This results in: 506,000,000 USD÷560,000,000,000,000 coins= 0.000000905 USD per coin
Now let us Set Realistic Expectations
The calculation shows that with a market cap of $506 million USD, each TapSwap coin would be worth approximately $0.000000905. #crptonews
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