Worldcoin Launches WLD Token: Controversial Project Expands Globally

Worldcoin Launches WLD Token and Expands Orb Deployment

Worldcoin, a controversial crypto project, has announced the launch of its WLD token, which will be distributed to over two million individuals globally. The project aims to use iris-scanning orbs to help people verify their identity online.

– Worldcoin’s WLD token will be distributed to over two million individuals globally, with a focus on the Global South.
– The project has faced delays but is now launching and deploying orbs in over 35 cities across 20 countries.
– The number of orbs in circulation is set to increase significantly, growing from approximately 200 to around 1,500 by the end of the year.
– Individuals verified through an orb will receive an initial allocation of 25 WLD tokens and periodic grants in the future.
– Binance and Kucoin have announced plans to list the WLD token for trading.

Worldcoin Overcomes Delays and Regulatory Challenges

Worldcoin’s launch of the WLD token comes after facing multiple delays and navigating a challenging regulatory environment, particularly in the United States.

– Despite the challenges, Worldcoin has successfully clarified that its tokens will not be accessible in the U.S. to remain compliant.
– The project has committed to expediting sign-ups by deploying orbs in more than 35 cities across 20 countries.
– The agreement with contract manufacturer Jabil will help scale up production of the iris-scanning orbs.
– The launch of orbs and the distribution of WLD tokens mark significant milestones for the project.

Binance and Kucoin to List WLD Token

Binance and Kucoin, two prominent cryptocurrency exchanges, have announced plans to list the WLD token for trading.

– Binance will open spot trading pairs WLD/BTC and WLD/USDT on July 24, 2023, while Kucoin will commence trading of WLD at the same time.
– Users can already deposit WLD on Binance, with withdrawals expected to open on July 25, 2023.
– The listing on these exchanges will provide more liquidity and accessibility for WLD token holders.

Hot Take

Worldcoin’s launch of the WLD token and expansion of orb deployment demonstrate the project’s determination to overcome challenges and provide identity verification solutions. The listing on Binance and Kucoin further enhances the token’s accessibility and market presence. While the project has faced controversy, the team’s commitment to compliance and global distribution is commendable.