Worldcoin is an open-source protocol designed to democratize global economic access through two core components: World ID (a digital identity system) and Worldcoin Token (WLD) (a digital currency, where legally permitted). Co-founded by Sam Altman, CEO of OpenAI, the project envisions a unified global currency and identity framework for seamless transactions.
Core Components of Worldcoin
1. World ID: Proof of Personhood
World ID is a privacy-centric digital identity that verifies an individual’s uniqueness using iris recognition via a biometric device called the Orb. Key features:
- Decentralized Identity: Enables users to prove their authenticity without revealing personal data.
- Sybil-Resistant: Combats bots and fake accounts in airdrops, social media, and resource distribution.
- Biometric Verification: Orb devices use multispectral sensors to ensure each ID is unique. All biometric data is deleted by default unless consent is given.
👉 Learn more about World ID’s privacy framework
2. Worldcoin Token (WLD)
- Global Distribution: Freely distributed to verified users, fostering inclusive participation.
- Utility: Used for transactions, governance, and cross-border payments.
- Trading: Available on major exchanges like OKX.
3. World App
A multi-currency wallet supporting:
- Worldcoin tokens (WLD)
- Stablecoins and traditional currencies
- Cross-platform transfers and payments
How to Participate in Worldcoin
- Download the World App: The official wallet for creating a World ID.
- Visit an Orb Location: Use the Orb locator to find nearby verification sites operated by independent businesses.
- Complete Biometric Verification: The Orb scans your iris to issue a World ID. Data is processed locally and deleted unless retained with consent.
Managing WLD Tokens on OKX
Depositing Worldcoin (WLD)
- Navigate to Assets > Deposit on OKX.
- Select WLD and choose the deposit network.
- Transfer tokens using the generated wallet address or QR code.
Withdrawing WLD Tokens
- Go to Assets > Withdrawal.
- Enter the WLD amount and destination address.
- Confirm network details and submit.
FAQs
Q: Is Worldcoin available worldwide?
A: Services vary by jurisdiction due to local regulations. Check Worldcoin’s official site for availability.
Q: How does Worldcoin ensure privacy?
A: Biometric data is processed locally and deleted unless users opt in for custody. World ID uses zero-knowledge proofs to minimize data exposure.
Q: Can I trade WLD tokens on OKX?
A: Yes, WLD is listed on OKX for trading against major cryptocurrencies.
Disclaimer