The Worldcoin Foundation Plans to Pay Orb Operators in WLD Tokens Instead of USDC Stablecoin
The Worldcoin Foundation team has announced its decision to pay Orb operators in WLD tokens, the native tokens of the crypto project, rather than the USDC stablecoin. This transition will impact most jurisdictions and is part of a “transition phase” following the project’s official launch on July 24.
“In November 2023, the Worldcoin Foundation expects that the transition process will be completed such that all Operators will receive WLD going forward.”
Worldcoin team
What is Worldcoin?
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Worldcoin is a crypto project that aims to create a database of universal personal identifiers. It offers market participants the ability to scan the iris using a specific device called an orb. The individuals who collect these scans are known as orb operators.
However, WLD tokens are currently not available to US citizens, companies, or certain other restricted territories. Since the project’s launch, the supply of WLD tokens has increased from around 100 million to approximately 134 million.
Hot Take: Worldcoin Shifts Payment Method for Orb Operators
The Worldcoin Foundation has announced a change in payment method for Orb operators, opting to pay them in WLD tokens instead of the USDC stablecoin. This transition is part of a larger “transition phase” following the project’s official launch. By November 2023, the Foundation expects all Operators to receive WLD going forward.
Worldcoin is a crypto project that aims to establish a database of universal personal identifiers. It utilizes an orb device to scan individuals’ iris as a means of identification. However, US citizens, companies, and certain restricted territories are currently unable to access WLD tokens.
Since its launch, the supply of WLD tokens has experienced significant growth. This shift in payment method reflects Worldcoin’s commitment to its native token and its vision for the project’s future.
