Binance has announced that it would be launching the Worldcoin token, the principal digital asset of the Worldcoin project, co-founded by the brilliant AI programmer and entrepreneur Sam Altman. Worldcoin’s introduction on Monday received a lot of attention from the cryptocurrency community due to its novel approach to resolving issues of identification and wealth disparity.
Released in May, Worldcoin’s World App is a gas-free crypto wallet that showcases the company’s commitment to innovation after its transition from Polygon to Optimism. Binance is adding two new spot trading pairs for the Worldcoin token on July 24 at 9 a.m. UTC, WLD/BTC and WLD/USDT.
Coinciding with the launch of Worldcoin, an expanded “orbing” campaign will enable people in 35 places across 20 nations to sign up for Worldcoin and get a coveted World ID.
In order to verify a customer’s identification using this novel method, an in-person iris scan utilizing the cutting-edge “Orb” technology is required. The final product is a globally unique identification that prevents the creation of multiple user profiles.
The Worldcoin proposal has sparked considerable controversy. Concerns over privacy have been highlighted, casting doubt on the eventual success of efforts to implement a universal basic income (UBI).
Although there are detractors of the latter system—in which all citizens get monthly and unconditional cash transfers from the government—Sam Altman is a fervent proponent of it.
Inspired by Altman’s insight and the project’s state-of-the-art technology, the Worldcoin team has stuck to its mission to revolutionize identity verification and tackle wealth inequality.
Binance’s listing and the project’s development put Worldcoin in a good position to go toward its aim of making the global economy more equal and inclusive. The World ID is a revolutionary step forward for digital identity, and WLD tokens will play a crucial role in the World ID network.
The crypto community is eagerly awaiting Worldcoin’s listing on Binance as evidence that Worldcoin’s vision of empowering individuals through a novel digital identity system and potentially groundbreaking universal basic income will shape the future of how we interact with technology and address societal challenges.
