Worldcoin is an open-source protocol designed to democratize access to the global economy through a unique digital identity system (World ID) and, where legally permitted, a digital currency called Worldcoin. Co-founded by Sam Altman, CEO of OpenAI, the project envisions a seamless global financial ecosystem enabling transactions with its native token alongside traditional and crypto assets.
Core Components of Worldcoin
World ID
World ID is a privacy-centric digital identity solution that verifies an individual's uniqueness using a custom biometric device called the Orb. Leveraging iris recognition technology, it provides a tamper-proof proof of personhood (PoP) credential, addressing challenges like bot fraud and Sybil attacks in digital spaces.
Worldcoin Token (WLD)
The WLD token is distributed freely worldwide to eligible participants, fostering inclusivity and governance participation. Trade WLD on 👉 OKX Exchange, a leading platform for digital asset transactions.
World App
A multifunctional wallet supporting transactions in WLD, stablecoins, and traditional currencies. It integrates with World ID for secure, human-verified interactions.
How to Participate in Worldcoin
- Download the World App: The primary wallet for creating a World ID.
- Visit an Orb: Use the biometric verification device operated by local Orb Operators to obtain an Orb-verified World ID.
- Verify Uniqueness: The Orb’s multispectral sensors confirm authenticity, with on-device data deletion by default (unless consent is given).
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 address or QR code.
👉 Learn more about secure deposits
Withdrawing WLD Tokens
- Go to ‘Withdrawal’ and select WLD.
- Enter the amount and destination address.
- Confirm network details and submit.
FAQs
Q: Is Worldcoin free to claim?
A: Yes, eligible participants receive WLD tokens at no cost, subject to local laws.
Q: How does the Orb ensure privacy?
A: Iris data is deleted on-device unless explicit consent is provided for custody.
Q: Where can I trade WLD?
A: WLD is available on major exchanges like OKX.
Q: What’s the purpose of World ID?
A: It prevents fraud by verifying unique human identities online.
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