What is Worldcoin? Why are Multiple Top Exchanges Listing Its Token Simultaneously?

Today, several renowned exchanges in the industry, such as Binance, OKEx, Huobi, Bybit, Bitget, and Gate, simultaneously announced the listing of a project token called Worldcoin ($WLD). What exactly is Worldcoin and why is it able to be listed on multiple CEXs？

Worldcoin was founded in 2020 with the vision of creating a globally inclusive and equitable financial ecosystem through an open-source protocol. Its mission is to build the world's largest and fair digital identity and

cryptocurrency

system, ensuring ownership for everyone. The goal is to establish universal access to the global economy, accelerating the transition to an economic future that welcomes and benefits every individual on Earth. Worldcoin achieves identity verification by scanning the iris of every person on the planet. This unique approach aims to facilitate financial inclusion for individuals regardless of their nationality or background.

Worldcoin offers three main products:

• World ID: A digital identity that allows users to prove themselves as unique and real individuals without revealing their personal information. This product utilizes Zero-Knowledge Proofs (ZKP) to protect users' privacy.

• Worldcoin Token: A token distributed for free to people worldwide, which can be used for future governance purposes.

• World App: A self-custodial wallet that enables users to conduct payments, purchases, and transfers globally using Worldcoin tokens, digital assets, stablecoins, and traditional currencies.

Registering with Worldcoin requires users to scan their irises (the colored part around the pupil) to verify that they are indeed a real, living, and unique individual. The scanning process is done using a custom hardware device called “orb.”



Worldcoin's solution to address privacy concerns related to personal biometric information involves using the orb to capture a photograph of the iris, the device then generates a unique encoding of the iris randomness called an “iris code.” By default, the raw biometric measurements are immediately destroyed, and only the iris code leaves the orb. This approach ensures that sensitive biometric data remains secure and protects the user's privacy.

Users who successfully register for Worldcoin and complete iris verification will be able to receive $WLD in token airdrops.

The total supply of $WLD tokens is 10 billion, with a circulating supply of 143 million. The token distribution is as follows: 75% allocated to the community, 9.8% to the team, 13.5% to TFH investors, and 1.7% to TFH reserves.



Today, the official Worldcoin Twitter account released an open letter co-signed by Worldcoin founders Alex Blania and Sam Altman. The content is as follows:



One of its co-founders, Sam Altman, is the CEO of OpenAI. The technology company behind Worldcoin, Tools for Humanity, raised $115 million in Series C funding, with Blockchain Capital leading the investment and a16z among the co-investors.

The reason why Worldcoin can be listed on multiple top exchanges in the industry is due to:

• Innovative Project Vision: Utilizing blockchain technology to help users create digital IDs and establish a new financial ecosystem.

• Large User Base: Attracting users to register through token airdrops.

• Support from Founders and Capital.