Worldcoin Now Announced WLD Tokenomics With 143 Million In Circulation
Key Points:
- Worldcoin (WLD) reveals tokenomics with 75% community distribution, emphasizing wide token dispersal to unique human identities.
- Worldcoin’s mission focuses on building a public utility for the largest identity and financial network powered by World ID and WLD tokens.
- WLD’s fixed supply cap for 15 years, governance-controlled inflation after, and privacy-preserving identity network highlight Worldcoin’s innovative approach to cryptocurrency.
Worldcoin now releases the WLD tokenomics and provides insights into its mission to create the world’s largest identity and financial network as a public utility owned by everyone.
The project’s core focus lies in establishing a robust infrastructure to navigate the rapidly evolving landscape of AI technology.
The key objectives of the Worldcoin project related to the WLD token are as follows:
- Widespread Token Distribution: The majority of WLD tokens will be allocated to individuals simply based on their unique human identity, making WLD one of the most widely distributed digital currencies.
- Governance: World ID, alongside the WLD token, will be utilized for protocol governance, allowing users to actively participate in shaping the future of the Worldcoin ecosystem.
- Privacy-Preserving Identity Network: World ID, the privacy-preserving global identity network, will enable users to verify their humanness online using zero-knowledge proofs, particularly vital in distinguishing humans from AI entities in an AI-dominated digital space.
WLD functions as an ERC-20 token on the Ethereum Mainnet, with user grants issued on the Optimism Mainnet. Most WLD transactions are expected to occur on the Optimism network, and if necessary, the token can be bridged back to Ethereum through the Optimism bridge.
The project has put forth a fixed supply cap of 10 billion WLD for the initial 15 years after launch, enforced by the WLD smart contract. Following this period, the governance may decide to introduce a maximum inflation rate of 1.5% per year if deemed necessary for the protocol’s long-term sustainability. Governance will also determine the allocation of newly minted tokens, with the inflation cap of 1.5% per year enforced by the WLD smart contract. By default, the inflation rate is set to 0% unless changed through governance.
The token allocation breakdown includes the following:
- 75% for the Worldcoin Community: The majority of these tokens will be allocated to users, with some used for the ecosystem fund and network operations. The Worldcoin Foundation will govern the token allocation with a gradual plan to decentralize governance decision-making.
- 9.8% for the Initial Development Team: Tools for Humanity (TFH) and other service providers led the initial development of Worldcoin, including the creation of the Orb, protocol version, and World App.
- 13.5% for TFH Investors: Investors provided funding to support the multi-year pre-launch phase of the project, facilitating crucial developments for the Worldcoin ecosystem.
- 1.7% for TFH Reserve: Following launch, TFH will retain a reserve of 170 million WLD tokens for future needs.
At the launch, the maximum circulating supply of WLD tokens will be 143 million, with over 43 million WLD tokens already distributed to verified users during the successful pre-launch phase. The project aims to roll out 1,500 Orbs at launch to cater to global demand for World ID verification.
World ID, a fundamental component of the Worldcoin system, serves as a privacy-preserving global identity network. Leveraging zero-knowledge proofs, World ID enables users to prove their unique human identity online while safeguarding their privacy. This holds particular significance as AI advances blur the lines between humans and AI entities on the internet.
With World ID, individuals can verify their real identity to platforms integrating with the protocol, ranging from web3 systems to social networking sites and governmental programs. This paves the way for fair airdrops, token/NFT sales, protection against bots/sybil attacks on social media, and equitable distribution of limited governmental resources. Moreover, World ID has the potential to support global democratic processes and novel forms of governance and potentially contribute to AI-funded universal basic income (UBI).
The WLD token not only serves as a utility token with governance properties but also empowers users to participate actively in shaping Worldcoin’s future. Beyond governance, it may find utility in various other applications such as payments within World App or other wallet apps, remittances, tip transactions, buying and selling goods and services, and signaling support for various causes or initiatives.
Following the launch, the Worldcoin Foundation will steer the project while progressively decentralizing governance and the entire ecosystem. By prioritizing widespread token distribution to unique human identities, the foundation aims to make WLD one of the most inclusive and decentralized digital currencies, unlocking its full potential as a revolutionary force in the crypto space.
Following the WLD token launch event, Binance, Bitget, and major exchanges announced the listing of the token on their platforms.
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.
Author
News
Worldcoin Now Announced WLD Tokenomics With 143 Million In Circulation
Key Points:
- Worldcoin (WLD) reveals tokenomics with 75% community distribution, emphasizing wide token dispersal to unique human identities.
- Worldcoin’s mission focuses on building a public utility for the largest identity and financial network powered by World ID and WLD tokens.
- WLD’s fixed supply cap for 15 years, governance-controlled inflation after, and privacy-preserving identity network highlight Worldcoin’s innovative approach to cryptocurrency.
Worldcoin now releases the WLD tokenomics and provides insights into its mission to create the world’s largest identity and financial network as a public utility owned by everyone.
The project’s core focus lies in establishing a robust infrastructure to navigate the rapidly evolving landscape of AI technology.
The key objectives of the Worldcoin project related to the WLD token are as follows:
- Widespread Token Distribution: The majority of WLD tokens will be allocated to individuals simply based on their unique human identity, making WLD one of the most widely distributed digital currencies.
- Governance: World ID, alongside the WLD token, will be utilized for protocol governance, allowing users to actively participate in shaping the future of the Worldcoin ecosystem.
- Privacy-Preserving Identity Network: World ID, the privacy-preserving global identity network, will enable users to verify their humanness online using zero-knowledge proofs, particularly vital in distinguishing humans from AI entities in an AI-dominated digital space.
WLD functions as an ERC-20 token on the Ethereum Mainnet, with user grants issued on the Optimism Mainnet. Most WLD transactions are expected to occur on the Optimism network, and if necessary, the token can be bridged back to Ethereum through the Optimism bridge.
The project has put forth a fixed supply cap of 10 billion WLD for the initial 15 years after launch, enforced by the WLD smart contract. Following this period, the governance may decide to introduce a maximum inflation rate of 1.5% per year if deemed necessary for the protocol’s long-term sustainability. Governance will also determine the allocation of newly minted tokens, with the inflation cap of 1.5% per year enforced by the WLD smart contract. By default, the inflation rate is set to 0% unless changed through governance.
The token allocation breakdown includes the following:
- 75% for the Worldcoin Community: The majority of these tokens will be allocated to users, with some used for the ecosystem fund and network operations. The Worldcoin Foundation will govern the token allocation with a gradual plan to decentralize governance decision-making.
- 9.8% for the Initial Development Team: Tools for Humanity (TFH) and other service providers led the initial development of Worldcoin, including the creation of the Orb, protocol version, and World App.
- 13.5% for TFH Investors: Investors provided funding to support the multi-year pre-launch phase of the project, facilitating crucial developments for the Worldcoin ecosystem.
- 1.7% for TFH Reserve: Following launch, TFH will retain a reserve of 170 million WLD tokens for future needs.
At the launch, the maximum circulating supply of WLD tokens will be 143 million, with over 43 million WLD tokens already distributed to verified users during the successful pre-launch phase. The project aims to roll out 1,500 Orbs at launch to cater to global demand for World ID verification.
World ID, a fundamental component of the Worldcoin system, serves as a privacy-preserving global identity network. Leveraging zero-knowledge proofs, World ID enables users to prove their unique human identity online while safeguarding their privacy. This holds particular significance as AI advances blur the lines between humans and AI entities on the internet.
With World ID, individuals can verify their real identity to platforms integrating with the protocol, ranging from web3 systems to social networking sites and governmental programs. This paves the way for fair airdrops, token/NFT sales, protection against bots/sybil attacks on social media, and equitable distribution of limited governmental resources. Moreover, World ID has the potential to support global democratic processes and novel forms of governance and potentially contribute to AI-funded universal basic income (UBI).
The WLD token not only serves as a utility token with governance properties but also empowers users to participate actively in shaping Worldcoin’s future. Beyond governance, it may find utility in various other applications such as payments within World App or other wallet apps, remittances, tip transactions, buying and selling goods and services, and signaling support for various causes or initiatives.
Following the launch, the Worldcoin Foundation will steer the project while progressively decentralizing governance and the entire ecosystem. By prioritizing widespread token distribution to unique human identities, the foundation aims to make WLD one of the most inclusive and decentralized digital currencies, unlocking its full potential as a revolutionary force in the crypto space.
Following the WLD token launch event, Binance, Bitget, and major exchanges announced the listing of the token on their platforms.
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.
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