Understanding Today’s Worldcoin (WLD) Price
The Vision Behind Worldcoin
Worldcoin aims to establish the largest global identity and financial network, functioning as a public utility accessible to everyone. At the heart of this initiative is the creation of essential infrastructure, crucial for a future where artificial intelligence plays a predominant role.
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The World ID: A Revolution in Privacy and Identity
The core of the Worldcoin system is the World ID, a privacy-centric global identity platform. World ID empowers users to confirm their human identity online while safeguarding their privacy through zero-knowledge proofs.
Applications and Benefits of World ID
With World ID, individuals can authenticate their unique human identity on any platform that integrates with this protocol, including web3 systems, social networking platforms, and government services. This innovation facilitates equitable distribution of airdrops, tokens, or NFTs, shields social media from bot and sybil attacks, and enables a more just allocation of limited government resources. Additionally, World ID supports global democratic processes and innovative governance models like quadratic voting, potentially paving the way for AI-funded Universal Basic Income (UBI).
The Role of the WLD Token
Worldcoin’s native token, WLD, in conjunction with World ID, empowers users to engage in the governance of the Worldcoin protocol. This utility token plays a vital governance role within the ecosystem.
Engaging with the Worldcoin Protocol
To interact with the Worldcoin protocol, users must first download a compatible wallet app that facilitates the creation of a World ID. They then visit an Orb—a physical imaging device operated by independent local businesses known as Orb Operators. These Orbs employ multispectral sensors to authenticate human identity and uniqueness. After verification, a World ID is issued, and all captured images are deleted on-device by default unless explicit consent for Data Custody is provided.
Access to Free WLD Tokens
Holders of verified World IDs are eligible to receive recurring grants of free WLD tokens, subject to certain availability conditions. This initiative enhances user participation by distributing the utility token designed for governance purposes.
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