In the bustling world of digital currencies, a fresh star has emerged – World coin. But what exactly is it? Let’s dive into five key things you need to know about this revolutionary cryptocurrency.
1. A Fresh Digital Currency
Imagine having a special kind of money that anyone, anywhere in the world, can use. That’s Worldcoin! Created by smart people like Alex Blania and Sam Altman (who’s also the boss of the super-smart ChatGPT), it’s like money that belongs to everyone.
2. Your Eye is the Key
No ordinary password is required here! The Orb captures the intricate details of a user’s iris, akin to the distinctiveness of fingerprints, generating a one-of-a-kind identification code called an Iris Code. This serves as a safeguard, ensuring that each individual possesses just one World ID.
3. One Eye, One World ID
No two people have the same eye picture, just like no two snowflakes look the same. So, with your eye picture, you get a secret code that only you have. This stops tricky people from getting lots of secret codes.
4. World App
World coin’s blockchain diligently records each World ID, offering users the convenience of the World App for verification. Moreover, the World App extends its functionality to encompass a suite of decentralized finance applications, nurturing a sense of financial autonomy.
5. Token Rewards
As a tantalizing incentive, World coin rewards users with WLD cryptocurrency tokens upon creating their World ID and installing the World App. The reward system grants users an initial allocation of WLD tokens, a gesture of goodwill from the World coin ecosystem.
The distribution of these tokens varies depending on geographical location and project stage. Presently, World coin is endowing individuals in select countries with 25 WLDs upon iris scanning. This amounts to approximately $50, translating to roughly 7,100 Kenyan shillings.
In a realm where blockchain technology intersects with the intricacies of human identity, Worldcoin emerges as a groundbreaking force, revolutionizing not just the concept of cryptocurrency, but also the very fabric of digital identity and financial accessibility.