Worldcoin $WLD has plummeted 73% since April. There are three problems in front of Ultraman:
1. Regulatory conflicts and data security issues:
Although Worldcoin has obtained operating rights in Europe, Argentina, Mexico, Singapore, Japan and South Korea, some countries have begun to restrict the collection of biometrics of San Altman this year. Just recently, Hong Kong once again expressed opposition to Worldcoin, believing that collecting facial images is unnecessary to verify the authenticity of participants.
In the short term, the sensitivity of biometric information will still be difficult to eliminate in a short period of time.
2. Accusations of currency prices
The original design of Worldcoin stipulated that the maximum annual inflation rate was 1.5%, 43 million WLDs were allocated to orb verification users in the early stage of the project, and 100 million were lent to 5 market makers. This mechanism still has the possibility of controlling token price fluctuations.
The initial circulation was 43 million, but one year later, according to the data returned by the orb API, the actual circulation of WLD had reached 276 million, the inflation rate was as high as 541%, and the depreciation rate was very fast.
3. The project party cannot obtain positive commercial profits from it
The project party needs to pay operating expenses and hardware construction costs, etc., and the counterfeiting of each orb device is $4,000. The only way for the operation team to make a profit is to sell WLD. From the data, the total amount of tokens sold on the exchange by a single operator occasionally reaches 20,000 WLD per week.
If these problems are not solved, WLD will always be a story of a leek taking over!
