OpenAI CEO’s Ambitious Crypto Worldcoin Project Now Launches Token On Binance
- Binance, the biggest cryptocurrency exchange, has announced that it would list Worldcoin, with trading set to begin on Monday at 09:00 UTC.
- The exchange enables spot trading pairs WLD/BTC and WLD/USDT, with deposits available now and withdrawals from July 25, 2023.
- The project’s visionary mission gains traction, expanding “orbing” operations to 35 cities across 20 countries.
Binance, one of the world’s leading cryptocurrency exchanges, has acted promptly and listed Worldcoin (WLD) with spot trading pairs opening at 2023-07-24 09:00 (UTC).
The newly introduced spot trading pairs include WLD/BTC and WLD/USDT. Users can already deposit WLD into their Binance accounts, while withdrawals are tentatively scheduled to open on July 25 at 09:00 (UTC). Binance has waived the listing fee for WLD, ensuring convenient access for users to acquire the cryptocurrency.
Furthermore, Binance is incorporating WLD as a new borrowable asset within its margin pair on Isolated Margin. Within 48 hours of the launch, users will be able to engage in trading with the WLD/USDT margin pair, offering additional opportunities for investors to participate in the project’s growth.
Worldcoin, an extraordinary digital identity protocol aimed at empowering humanity in the era of artificial intelligence, was officially launched on Monday. Conceived in 2020 by Sam Altman, CEO of OpenAI, and Max Novendstern, the project is now led by Alex Blania, a former Ph.D. student in theoretical physics, who serves as the CEO of Tools for Humanity, the parent organization driving the development of Worldcoin towards full decentralization.
The concept behind Worldcoin is both ambitious and akin to a sci-fi plot. The project promises to reward individuals with crypto tokens after scanning their eyes using a futuristic orb. These eye scans serve to establish and verify individuals’ unique “humanness,” a highly valuable characteristic in a world increasingly influenced by artificial intelligence.
Following three years of trials that have drawn attention to Worldcoin’s ambitious goals, potential challenges, and peculiar approach, the token, is now being distributed through an airdrop to users who have undergone verification via the orb. Other users can secure their tokens by utilizing the company’s app until they gain access to an orb, providing broader participation in future airdrops. However, the token distribution is subject to certain limitations, and U.S. users are ineligible to receive tokens due to regulatory uncertainties.
Worldcoin’s overarching vision revolves around the notion of “personhood” verification through the eye scan conducted with their proprietary orb. The project envisions a financial distribution model wherein the token serves as a central form of currency, potentially distributed through “universal basic income” programs. During its beta period, Worldcoin garnered two million users, and with the recent launch, the project is expanding its “orbing” operations to 35 cities across 20 countries.
The significance of cryptocurrency in Worldcoin’s vision lies in the blockchain’s capability to securely store World IDs while ensuring user privacy. This approach guarantees that the system remains decentralized, impervious to control or shutdown by any single entity, providing a robust and resilient framework.
World IDs, acquired through the orbing process, may play a crucial role in the age of generative AI chatbots like ChatGPT, which produce remarkably human-like language. By leveraging World IDs, it becomes possible to differentiate genuine human interactions from AI bots, addressing potential concerns surrounding the authenticity of online communications.
As Worldcoin embarks on this pioneering journey, its impact on the convergence of AI, blockchain, and decentralized finance is garnering close attention. With a mission to empower humanity in an AI-driven world, Worldcoin presents a compelling vision for the future of digital identity and cryptocurrency adoption.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.