What is Worldcoin (WLD)?

Cryptocurrency
What is Worldcoin (WLD)?
WLD Coin is the native token of the Worldcoin project founded by Sam Altman. It’s an innovative Web3 initiative that combines digital identity verification with blockchain technology. Aiming to create "digital identity for everyone," WLD verifies users' identities through Orb devices that perform biometric iris scans and rewards them with WLD tokens. Running on Ethereum, this token is designed to serve both as a governance tool and a fundamental unit of value in the global digital economy. WLD Coin aims to play a significant role in the future of decentralized exchanges. In this blog post, we’ll explain what Worldcoin is, how it works within the ecosystem, and more.

Worldcoin (WLD) Project

Worldcoin (WLD) is a blockchain project that aims to promote global digital identity verification and financial inclusion. Its primary goal is to verify the uniqueness of every individual to create a singular digital identity. This identity system allows individuals to confirm their identity in the digital world while adhering to privacy principles. Worldcoin particularly aims to increase participation in the digital economy for people with limited or no access to financial services. The most notable component of Worldcoin is the biometric scanning device called "Orb." This device scans users’ irises to verify their uniqueness and ensures each person can register only once. After completing this process, users receive WLD tokens. This system is designed to ensure digital security and prevent fake accounts.

Who are the Founders of Worldcoin?

One of the most prominent founders of Worldcoin is OpenAI CEO Sam Altman. Known for his leadership in AI and visionary approach to technology, Altman brings a deeper dimension to the project beyond just crypto. Early interpretations of the project described WLD as a token representing access and identity based on the unique patterns in the human iris. By using this biological feature as a personalized password/ID and storing it securely, Worldcoin stands out as a pioneering project in the AI era. Other co-founders include Alex Blania and Max Novendstern, experienced figures in technology and entrepreneurship. Their vision is to create a technological and social revolution: giving every individual an identity and establishing a global system that offers a basic income model.

Worldcoin (WLD) Statistics

Worldcoin (WLD) was officially launched in July 2023. After its launch, it was listed on several major exchanges and quickly gained attention. According to CoinMarketCap data, its market cap reached the billion-dollar range in a short time, with a portion of the total supply distributed to the community. The token supply is limited and is planned to be released gradually over time. The project is actively registering users via Orb devices in selected countries and offering them WLD token rewards. Data such as current price, circulating supply, and trading volume are closely monitored by investors. Below, you can find a detailed table listing the advantages and disadvantages of Worldcoin. All tokens in the crypto ecosystem have their own pros and cons depending on their structure and the networks they use. Before buying or becoming a long-term investor, it's crucial to analyze the tokenomics and technical structure in detail. You can find more about WLD in the table below.
Advantages Disadvantages
Unique Authentication: Allows users to create a unique digital identity with World ID. Centrality Concern: The developer company's influence over identity data may be criticized.
Inclusion at Scale: Enables digital identity and financial inclusion for unbanked populations. Data Privacy Controversies: The biometric scanning (eyeball) process has been criticized from a privacy perspective.
OpenAI and Sam Altman Support: Developed by trusted team with a strong technology background. Regulatory Risk: There are legal uncertainties and restrictions on use in some countries.
ERC-20 Based: Compatible with the wider DeFi ecosystem as it runs on Ethereum infrastructure. Early Stage: The project is still in its early stages of development and its use cases are limited.
Universal Basic Income (UBI) Model: Offers users free WLD distribution in exchange for identity. Price Volatility: Prices can change rapidly according to the supply-demand balance in the market.

Worldcoin (WLD) Whitepaper

Worldcoin’s whitepaper details the project's technical infrastructure, goals, and use cases. When reviewing the documentation, it becomes clear that principles such as decentralization, privacy, and scalability are highly prioritized. The most defining concept of the project is "Proof of Personhood." The whitepaper also elaborates on how Orb devices function, the distribution strategies, tokenomics, and the network’s growth roadmap. This document is a key reference for developers and potential investors, clearly outlining Worldcoin’s long-term vision.

Is Worldcoin (WLD) Trustworthy?

Worldcoin initially gained major attention thanks to its well-known and reputable founders. However, it has faced criticism for collecting biometric data. Storing sensitive information like iris scans has raised concerns regarding user privacy. In response, the Worldcoin team emphasizes that all data is processed locally and not stored in centralized systems. Additionally, since the project’s code is open-source, it can be audited by developers—enhancing its transparency and reliability.

How to Buy WLD Token?

To buy WLD tokens, you first need to verify your identity and create an account on a crypto exchange. Then, deposit TRY, USDT, or another supported currency and trade through the WLD trading pairs. Some exchanges also offer credit card purchase options for WLD. WLD can also be accessed through decentralized exchanges (DEXs), though this may involve minor gas fees. For users looking to buy WLD easily, creating an account on a reliable crypto exchange is the best option. In Turkey, CoinTR stands out with its user-friendly interface and high liquidity.
Steps to Buy WLD:
  1. Sign up on CoinTR and complete identity verification.
  2. Deposit Turkish Lira (TRY) or USDT into your account.
  3. In the spot trading section, select the WLD/TRY or WLD/USDT pair.
  4. Enter the amount of WLD you want to buy and confirm the transaction.
  5. Your purchased WLD tokens will be instantly reflected in your CoinTR wallet.

Where to Buy WLD Token?

You can purchase Worldcoin (WLD) tokens from major crypto exchanges such as: It is possible to trade crypto on these exchanges with trading pairs such as WLD/USDT, WLD/BTC. You can buy any amount of WLD tokens by placing an order after depositing funds into your account.

WLD Coin Comment

Worldcoin is a project closely followed by the crypto community due to its innovative technology and visionary leadership. One of its strong suits is focusing on solving a real-world issue—providing digital identity to users. This approach can be groundbreaking in protecting personal data and preventing fraud. However, the primary criticism of the project concerns the ethical implications of biometric data collection, which may limit adoption in certain regions. That said, in tech-savvy societies with robust regulations, the project could expand more rapidly.

The Future of Worldcoin (WLD)

The future of Worldcoin will depend on its ability to adapt to technological innovations and achieve societal acceptance. In a Web3 world where digital identity verification becomes essential, projects like Worldcoin are expected to grow in importance. Led by AI visionaries like Sam Altman, Worldcoin could become a global standard in providing digital identity services to billions—if it can overcome concerns around data security. This could also support WLD’s long-term value growth.
larkLogo2025-05-29
Recommended