WLD Price Soars as Sam Altman's Worldcoin Plans to Expand to Ecuador
W.L.D.
$3,050
+2.35%
The price of WLD rose today following the announcement that Sam Altman's Worldcoin is expanding its operations to Ecuador. This development marks an important milestone in Worldcoin's ambitious global expansion strategy. Co-founded by Sam Altman of OpenAI, Worldcoin aims to introduce its World ID orb verifications in Ecuador, enhancing its global identity verification network.
The great expansion of Worldcoin
The recent announcement underscores Worldcoin's commitment to establishing a comprehensive global identity verification network. This strategic move is expected to strengthen investor confidence, contributing to the rise in WLD price.
Worldcoin expands to Ecuador
Worldcoin, recognized for its privacy-preserving identity verification system, has announced its latest expansion to Ecuador. Starting June 26, World ID orb verifications will be available in Guayaquil, followed by Quito on June 27. This expansion includes the launch of World ID verifications in six locations in these major cities.
Ecuador joins a growing list of Latin American countries, including Argentina, Chile, Colombia, Mexico and Peru, where World ID verification is now available. Local surveys indicate strong demand for identity verification technology, aligning with the broader regional need for secure digital interactions.
A survey conducted by Worldcoin contributor Tools for Humanity revealed that 92% of Ecuadorian respondents support technology that distinguishes humans from online bots. Similar sentiments were found in Peru, where 90% of respondents supported such technology, and in Colombia and Mexico, where there are significant concerns about online fraud and a preference for human-generated content.
Regional impact and investor confidence.

According to Cointelegraph: Following its launch on June 20, the LayerZero (ZRO) token surged 15.15% in 20 minutes, then plunged 22% amid debate over whether its donation mechanism is a stroke of genius or just an excuse for a "tax."

LayerZero (ZRO), the new token launched by cross-chain interoperability protocol LayerZero, has fallen 17% since its launch, a drop that has sparked controversy because claiming the token requires a donation, which some see as a "tax."

Some disagree with this criticism, arguing that this mechanism could be a good solution to the recent token airdrop problem.

On June 20, ZRO surged 15.15% to $4.71 in 20 minutes, then plunged 22% in two hours, a pattern that is often seen in token airdrops as claimers dump their newly acquired tokens.

In this case, the launch of ZRO brought its own unique controversy. LayerZero stipulates that users who want to claim the token must donate a small amount of US dollars for each ZRO token.
LayerZero said the donations will result in around $18.5 million being donated to the Protocol Guild, the collective funding mechanism for Ethereum developers.
The move has been met with backlash from the crypto community, with users arguing that having to pay a “tax” would change
LayerZero has been adamant that the recent launch is “not an airdrop.”
LayerZero argued in a June 20 statement that airdrops no longer contribute to the “fair distribution, community building, and protocol health goals that were originally introduced.”
This is largely due to token recipients having “little to no interest in the long-term success of the project,” as well as an increase in the number of mining and claiming entities targeting airdrops.
LayerZero co-founder Bryan Pellegrino seemed to defend the token launch throughout the day, reiterating that no one is entitled to the tokens and that users should give up claiming them if they don’t want to donate.
He said: "There is no forced donation, if you don't want to donate... don't ask for it. It's not something you own, it's something that is provided."
Meanwhile, some members of the crypto community believe that ZRO's donation request mechanism may be a right direction for future airdrops. Some believe that this can increase the cost of Sybil entities and set a base value for the token.
ZRO is currently trading at $3.35, down 17% in the past 24 hours

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