Orbs presyoORBS

The mission of the Worldcoin project is to build the world’s largest identity and financial network as a public utility, giving ownership to everyone. The Worldcoin system revolves around World ID, a privacy-preserving global identity network. World ID enables users to verify their humanness online ("Proof of Personhood") while maintaining their privacy through zero-knowledge proofs. To engage with the Worldcoin protocol, individuals must first download World App, the first wallet app that supports the creation of a World ID. Individuals visit a physical imaging device called the Orb to get their World ID Orb-verified. Most Orbs are operated by a network of independent local businesses called Orb Operators. The Orb uses multispectral sensors to verify humanness and uniqueness, with all images being promptly deleted on-device per default (absent explicit consent to Data Custody). All Orb-verified World IDs holders are entitled to claim recurring grants of free WLD tokens (WLD tokens are not available in the US; see the Worldcoin Tokenomics section of the project's whitepaper for details). This has the potential to make WLD the most widely distributed digital currency. The WLD token is designed as a utility token with governance properties, empowering users by giving them a say over the future of the protocol. Beyond conventional "one-token-one-vote" governance mechanisms, the introduction of World ID paves the way for "one-person-one-vote" mechanisms. These two mechanisms can also be combined to enable new ways of governance. After launch, the Worldcoin Foundation will solicit proposals and work with the community on how World ID and the WLD token should interact in Worldcoin's governance model (see the project's whitepaper for details on governance and decentralization). The community of users will determine the token's utility, but a few other use cases in addition to governance could emerge. For example, users may decide to use the WLD token to pay for certain actions in World App or another wallet app, to make other payments, or to signal their approval for certain initiatives or causes. WLD is an ERC-20 token on Ethereum. Individuals will receive their user grants on Optimism Mainnet. Therefore, most WLD transactions will likely take place on the Optimism network. Worldcoin aims to build the world's largest identity and financial network, achieving truly global adoption at a billion-people scale. In contrast to most other crypto projects, the majority of the WLD tokens will be given to individuals - simply for being human. Using World ID, individuals will be able to prove that they are a real, unique human to any platform that integrates with the protocol, including to web3 systems, social networking sites, and governmental programs. This will enable fair airdrops or token/NFT sales, provide protection against bots/sybil attacks on social media, and enable the fairer distribution of limited governmental resources. Furthermore, World ID can also enable global democratic processes and novel forms of governance (e.g., via quadratic voting), and it may eventually support a path to AI-funded UBI. Over two million people from more than 30 different countries across five continents have verified at an Orb during the pre-launch phase, which lasted from May 2021 untill July 2023. At launch, Worldcoin begins the rollout of 1,500 Orbs across 35+ cities in 20+ countries to meet the global demand for World ID. The initial total supply of Worldcoin is 10 billion WLD. For 15 years following launch, the supply cap is fixed to 10B WLD (enforced by the WLD smart contract). After 15 years, governance may decide to implement an inflation rate of up to 1.5% per year if it deems necessary for the long-term sustainability of the protocol. Governance will also decide how to allocate these newly minted tokens (if any). The inflation cap of 1.5% per year is enforced by the WLD smart contract. Per default, unless changed via governance, the inflation rate is set to 0%. The 10B WLD tokens are allocated to different stakeholders as follows: 75% of the WLD tokens are allocated to the Worldcoin community. 9.8% of the WLD tokens are allocated to the Initial Development Team. 13.5% of the WLD tokens are allocated to TFH Investors. 1.7% of the WLD tokens are allocated to the TFH Reserve. The Worldcoin Foundation has formulated an aspirational token allocation goal, aiming to allocate at least 60% of all WLD tokens (coming from the Worldcoin Community pool) to individuals in the form of user grants. See the Worldcoin Tokenomics section of the project's whitepaper for details.$WLD

$Orbs pumping is not a good sign for market

The Korea Digital Asset Exchange Association announced that ORB (Orbs) and TEMCO will be included in the trading warning currencies. Deposit business of these two currencies will be suspended. The ORB project failed to truthfully disclose information that had a significant impact on the currency price. TEMCO was for arbitrarily changing important information without public disclosure.

Worldcoin (WLD)Worldcoin's approach to digital identity verification addresses challenges in distinguishing humans from AI entities, a concern amplified by advancements in artificial intelligence. By offering a secure and private method for identity verification, Worldcoin positions itself to become a foundational element in the evolving digital economy. The project's recent rebranding to "World" and the introduction of an updated Orb device with enhanced features indicate a commitment to scalability and user adoption. is a cryptocurrency initiative co-founded by Sam Altman, CEO of OpenAI, aiming to establish a global identity and financial network. The project utilizes biometric verification through iris-scanning devices called "Orbs" to create unique digital identities, known as World IDs, ensuring users are real humans. Growth Potential Worldcoin's approach to digital identity verification addresses challenges in distinguishing humans from AI entities, a concern amplified by advancements in artificial intelligence. By offering a secure and private method for identity verification, Worldcoin positions itself to become a foundational element in the evolving digital economy. The project's recent rebranding to "World" and the introduction of an updated Orb device with enhanced features indicate a commitment to scalability and user adoption. Price Forecast As of October 31, 2024, WLD is trading at approximately $2.05, with a market capitalization of around $1.2 billion. The token's price has experienced fluctuations, influenced by market dynamics and regulatory developments. Analysts suggest that if Worldcoin successfully expands its user base and addresses privacy concerns, WLD could see significant appreciation. However, potential investors should remain cautious, as the project's reliance on biometric data has attracted scrutiny from regulators in various countries. Position Analysis Worldcoin's unique proposition of combining cryptocurrency with biometric identity verification sets it apart in the crypto space. The project's success depends on its ability to balance innovation with privacy and regulatory compliance. While the concept holds promise, the execution and public perception will play critical roles in determining its long-term viability. Investors and users should monitor ongoing developments, including regulatory responses and technological advancements, to assess Worldcoin's potential impact on the digital identity and cryptocurrency sectors.

Sam Altman's Worldcoin project has rebranded itself as 'World' and introduced a new, faster version of its iris-scanning device, the 'Orb.' The project's primary objective remains the creation of an identity-verification system that allows individuals to anonymously prove their humanity online. The new Orb 2.0 is designed to be quicker to build and operate, featuring improved chips and open-source code. At a recent media event, Altman and co-founder Alex Blania, along with World employees, detailed their plans for the updated Orb. Chief designer Rich Heley emphasized the need for a significant increase in the number of Orbs, suggesting that around 1,000 additional devices are necessary. These Orbs will be deployed in various locations, including storefronts in Buenos Aires and Mexico City, local coffee shops, and even available for home delivery via an app. In addition to the Orbs, World aims to expedite the adoption of its world ID system by allowing users to onboard through government IDs. Chief Information Security Officer Adiran Ludwig noted that while this method does not confirm the user's humanity as effectively as the Orb, it includes additional checks to prevent deepfakes. A new feature, World ID Deep Faces, will enable internet users to verify that the individuals they are interacting with online are not deepfakes, provided they have a World ID. $WLD