Just today, Worldcoin’s official Twitter revealed a message “it’s time”, and we saw that the WLD (Worldcoin) option has been added to its currency deposit. We can boldly guess that this message is about preparations for currency listing.

#Worldcoin​ What is it for?

Worldcoin is an open source protocol designed to help everyone enter the global economy. It is decentralized by design, meaning that ultimately its oversight and decision-making will rest with its community of users. Worldcoin's vision is to build the world's largest, fair digital identity and digital currency system, which achieves identity authentication by scanning the iris of every person's eyeball on the planet.

Worldcoin has three main tasks, creating a global identity ID, a global currency, and a wallet that carries the identity ID and currency.

Who are the investors in Worldcoin?

Worldcoin’s investors include well-known Silicon Valley venture capital a16z, Coinbase Ventures, Digital Currency Group, which was the world’s largest cryptocurrency venture capital, former exchange FTX founder Sam Bankman-Fried, and LinkedIn co-founder Reid Hoffman ( Reid Hoffman) et al.

In addition, World App has a strong lineup of partners, and many well-known cryptocurrency companies, projects and tools provide support for the App's backend - including Uniswap for exchanging tokens, ENS for direct transfers, and ENS for deposits and withdrawals. Kim's Ramp and MoonPay.

Seize the opportunity with Worldcoin?

The most obvious opportunity for us is through Worldcoin’s airdrop event.

Worldcoin's token (WLD) is not publicly sold through ICO and can only be obtained through the secondary market and airdrops. Currently, there are three ways to obtain airdrops:

1. Register for worldID and receive 25 WLDs per week. Now you can receive 1 WLD per week.

2. Become a promotion operator of orb and obtain wld tokens through promotion

3. Contribute code, make donations, etc. to the community to obtain wld tokens.

Challenges facing Worldcoin?

Worldcoin is not invulnerable. Among them, the biggest problem is the iris recognition system, which may cause privacy concerns for users.

And many countries do not allow commercial companies to transfer human biological information (including other private data) abroad. The places where worldcoin processes data are the United States, the United Kingdom, Germany, Japan, and India. Data outside these countries must obviously go abroad.

Therefore, Worldcoin is currently prohibited from registration in the following countries: Iran, North Korea, China, Myanmar, Palestine, Syria, Somalia, Sudan, Yemen, Iraq, Libya, Afghanistan, Cuba, Seychelles, Lebanon, Bangladesh, Zimbabwe, Grape, Sri Lanka, India, Kuwait, Lesotho, Kazakhstan, Singapore, Ubekistan, Saudi Arabia, Armenia, Lithuania, Nepal, Russia, Botswana, Australia, Kenya, Brunei, Botto, Madagascar, Canada, Malaysia, Thailand , South Africa, Fiji, France, Taiwan, Japan, and the United States.

in conclusion

First of all, congratulations to the friends who have received WLD before. Unfortunately, I don’t have an iris machine here yet so I can’t receive WLD. The vision of WLD is great and ideal, but projects like this will also face huge regulatory pressure, especially Controversies over iris recognition machines will continue to arise. Are there other weak DID methods to determine identity in the future? If so, will it become a new solution? Wait and see