Question 1

What is Worldcoin (WLD)?

Accepted Answer

Worldcoin (WLD) is an ambitious cryptocurrency and global identity verification project launched in July 2023. Its mission is to create the world’s largest, privacy-preserving identity and financial network as a public utility, designed to empower individuals globally. At its core is **World ID**, a decentralised and privacy-focused identity system that enables users to prove their uniqueness and humanity without disclosing personal information. This is achieved using the **Orb**, a custom-built biometric device that scans users’ irises and generates unique identifiers in compliance with privacy standards.

Worldcoin also features the WLD token, which powers the ecosystem by serving as a medium of exchange and a governance token. In October 2024, the project transitioned from Ethereum’s Optimism network to its native **World Chain**, a Layer-2 blockchain built using Optimism’s OP Stack, prioritising scalability, inclusivity, and human-centric design.

Question 2

What is Worldcoin (WLD) used for?

Accepted Answer

**1. Digital Identity Verification:** Worldcoin provides an innovative solution to the challenges of online identity and human verification, addressing issues like Sybil attacks and ensuring equitable distribution of digital resources:  
- **World ID:** Enables users to verify their humanity and uniqueness using zero-knowledge proofs, ensuring privacy while protecting against identity fraud.  
- **Applications:** Prevents bot activity in social media, facilitates fair token distributions, and enables equitable access to digital services.

**2. Financial Transactions:** Worldcoin extends its utility into financial inclusion, leveraging the WLD token as a medium of exchange:  
- **Payments:** WLD tokens are used for transactions across goods and services, both within and outside the Worldcoin ecosystem.  
- **Stablecoin Integration:** Designed to improve financial access in regions where stablecoins play a vital role in daily transactions.  
- **World App:** The primary wallet interface that supports cryptocurrency payments and access to decentralised applications (dApps).

**3. Network Governance:** The WLD token grants its holders the ability to shape the protocol through governance mechanisms. Users participate in voting and decision-making processes, influencing factors like ecosystem development, fund allocation, and potential inflation rates.

**4. Human-Centric Blockchain:** With the launch of World Chain, Worldcoin integrates unique features designed to prioritise its user base of verified humans:  
- **Priority Blockspace:** World Chain allocates free or subsidised transaction space for verified users, ensuring equitable access to the blockchain network.  
- **Gas Allowances:** Verified human addresses receive gas fee subsidies, reducing friction for casual users.

**5. Ecosystem Growth and Developer Tools:** Worldcoin provides infrastructure and tools to foster ecosystem expansion:  
- **Mini Apps and Minikit:** Developer-friendly tools for building and distributing dApps tailored to verified human users.  
- **Grants and Support:** The World Foundation offers funding for initiatives like bot-resistant platforms, decentralised governance, and Universal Basic Income (UBI) experiments.

Question 3

Key features of World Chain include:

Accepted Answer

- **Anonymous On-Chain Verification:** Allows users to interact with decentralised applications without revealing sensitive personal information.  
- **Free Transactions for Verified Users:** World ID holders benefit from subsidised or free transactions, removing barriers to participation.  
- **Gas Redistribution Mechanism:** Gas fees are optimised, with casual users receiving allowances to minimise entry costs.

World Chain also supports a growing ecosystem of blockchain services and applications, including integrations with Uniswap, Alchemy, and Dune Analytics. It features tools for developers to deploy contracts seamlessly and reach over 15 million verified users globally. The transition from Optimism’s network to World Chain marks a significant milestone in making Worldcoin a fully human-centric blockchain network.

Question 4

Transition to World Chain

Accepted Answer

In October 2024, Worldcoin launched **World Chain**, its dedicated Layer-2 blockchain built on Optimism’s OP Stack. This transition ensures scalability and prioritises verified human users with features such as:  
- **Anonymous Verification On-Chain:** Enables users to interact with dApps without revealing their real-world identities.  
- **Free Transactions for Verified Users:** Subsidised transactions for World ID holders to enhance accessibility.  
- **Gas Allowance Mechanism:** Ensures equitable participation by redistributing gas fees to cover casual users’ activities.  
World Chain also integrates partnerships with major blockchain services, such as Uniswap, Alchemy, and Dune Analytics, further solidifying its ecosystem. With over **15 million verified users** and a robust infrastructure for dApps, World Chain is positioned as a human-first blockchain solution.

Question 5

Who created Worldcoin (WLD)?

Accepted Answer

Worldcoin was co-founded in 2019 by **Sam Altman,** CEO of OpenAI and a renowned figure in the technology sector, **Alex Blania,** A technologist with expertise in decentralised systems and **Max Novendstern,** A former investment banker with experience in financial technologies. The project is supported by **Tools for Humanity (TFH)**, a technology company based in San Francisco and Berlin. TFH oversees the development of the Worldcoin Protocol, including the Orb, World App, and the underlying blockchain infrastructure.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	WLD-USDT WLDUSDT	binance	AA	0.5703USDT	-3.08%	103,738,384.30WLD	335,368	0.5884USDT	0.5983USDT
2	WLD-USDT WLD_USDT	gateio	A	0.5703USDT	-3.06%	35,967,220.95WLD	64,627	0.5883USDT	0.5977USDT
3	WLD-USDT WLD-USDT	okex	A	0.5703USDT	-3.04%	28,526,285.08WLD	67,918	0.5881USDT	0.5981USDT
4	WLD-USDT WLDUSDT	bybit	A	0.5703USDT	-3.03%	17,902,823.64WLD	50,692	0.5881USDT	0.5980USDT
5	WLD-USDT WLDUSDT_SPBL	bitget	BB	0.5706USDT	-2.96%	15,190,221.79WLD	15,764	0.5880USDT	0.5977USDT
6	WLD-USD WLDUSD	kraken	AA	0.5699USD	-3.19%	13,113,699.04WLD	14,305	0.5887USD	0.5975USD
7	WLD-USD WLD-USD	coinbase	AA	0.5701USD	-3.01%	7,964,222.53WLD	16,684	0.5878USD	0.5976USD
8	WLD-TRY WLDTRY	binance	AA	28.14TRY	-3.13%	5,623,368.50WLD	15,161	29.05TRY	29.53TRY
9	WLD-USDC WLDUSDC	binance	AA	0.5699USDC	-3.00%	5,316,727.10WLD	28,676	0.5876USDC	0.5977USDC
10	WLD-USDT WLD-USDT	kucoin	BB	0.5703USDT	-2.99%	3,552,228.89WLD	15,041	0.5879USDT	0.5980USDT
11	WLD-USDC WLDUSDC	bybit	A	0.5695USDC	-3.03%	1,046,386.13WLD	6,065	0.5873USDC	0.5966USDC
12	WLD-EUR WLDEUR	kraken	AA	0.5072EUR	-2.89%	1,038,089.17WLD	1,097	0.5223EUR	0.5313EUR
13	WLD-USDC WLD-USDC	okex	A	0.5697USDC	-3.16%	1,028,036.60WLD	6,131	0.5883USDC	0.5971USDC
14	WLD-USD WLD_USD	cryptodotcom	AA	0.5699USD	-2.93%	744,047.00WLD	17,882	0.5872USD	0.5968USD
15	WLD-BTC WLDBTC	binance	AA	0.0₅6750BTC	-4.93%	559,835.90WLD	2,403	0.0₅7100BTC	0.0₅7220BTC
16	WLD-USD wldusd	bitstamp	AA	0.5685USD	-3.39%	440,189.26WLD	345	0.5885USD	0.5953USD
17	WLD-USD wldusd	gemini	A	0.5695USD	-3.08%	118,992.58WLD	712	0.5876USD	0.5950USD
18	WLD-RLUSD wldrlusd	gemini	A	0.5695RLUSD	-3.08%	118,992.58WLD	712	0.5876RLUSD	0.5950RLUSD
19	WLD-GUSD wldgusd	gemini	A	0.5695GUSD	-3.08%	118,992.58WLD	712	0.5876GUSD	0.5950GUSD
20	WLD-FDUSD WLDFDUSD	binance	AA	0.5704FDUSD	-3.49%	108,519.00WLD	533	0.5910FDUSD	0.5959FDUSD
21	WLD-TRY WLD-TRY	okex	A	28.36TRY	-2.51%	101,647.44WLD	171	29.09TRY	29.48TRY
22	WLD-USDT WLD_USDT	cryptodotcom	AA	0.5706USDT	-2.96%	84,183.10WLD	9,205	0.5880USDT	0.5977USDT
23	WLD-EUR WLD-EUR	okex	A	0.5064EUR	-2.97%	84,679.70WLD	754	0.5219EUR	0.5320EUR
24	WLD-IDR WLDIDR	binance	AA	10,162.00IDR	-4.25%	64,768.56WLD	200	10,613.00IDR	10,700.00IDR
25	WLD-USDC WLD_USDC	gateio	A	0.5696USDC	-2.93%	61,143.17WLD	534	0.5868USDC	0.5954USDC
26	WLD-EUR WLDEUR	binance	AA	0.5063EUR	-2.88%	41,500.70WLD	247	0.5213EUR	0.5300EUR
27	WLD-USD WLDUSD	cexio	BB	0.5682USD	1.35%	35,437.80WLD	5	0.5606USD	0.5941USD
28	WLD-U WLDU	binance	AA	0.5885U	-0.52%	10,940.70WLD	62	0.5916U	0.5931U
29	WLD-USDT WLDUSDT	cexio	BB	0.5697USDT	0.22%	8,918.83WLD	5	0.5685USDT	0.5935USDT
30	WLD-EUR wldeur	bitstamp	AA	0.5061EUR	-3.70%	6,797.28WLD	47	0.5255EUR	0.5269EUR
31	WLD-USDC WLDUSDC	cexio	BB	0.5670USDC	-1.52%	45.12WLD	1	0.5758USDC	0.5758USDC
32	WLD-KRW WLD_KRW	bithumbkorea	-	756.00KRW	-3.45%	41,140,341.25WLD	22,095	783.00KRW	794.00KRW
33	WLD-KRW KRW-WLD	upbit	B	758.00KRW	-2.94%	35,109,738.49WLD	24,616	781.00KRW	795.00KRW
34	WLD-USDT WLD_USDT	coinw	-	0.5707USDT	-2.96%	33,651,973.65WLD	7,996	0.5881USDT	0.5964USDT
35	WLD-USDT WLDUSDT	toobit	C	0.5704USDT	-3.06%	26,016,947.00WLD	29,000	0.5884USDT	0.5973USDT
36	WLD-XRP WLDXRP	bitrue	D	0.4102XRP	-6.98%	19,148,752.70WLD	166,869	0.4410XRP	0.4484XRP
37	WLD-USDT WLDUSDT	bitrue	D	0.5704USDT	-3.06%	16,924,052.50WLD	149,647	0.5884USDT	0.5973USDT
38	WLD-USDT WLD_USDT	poloniex	C	0.5699USDT	-1.89%	13,391,457.09WLD	445,394	0.5810USDT	0.5930USDT
39	WLD-USDT wld_usdt	xtpub	-	0.5703USDT	-3.08%	10,325,523.00WLD	21,266	0.5884USDT	0.5974USDT
40	WLD-EUR WLD-EUR	bitvavo	B	0.5072EUR	-2.94%	9,027,381.55WLD	10,491	0.5226EUR	0.5321EUR
41	WLD-USDT sWLDUSDT	phemex	C	0.5702USDT	-3.08%	5,739,810.40WLD	7,172	0.5883USDT	0.5971USDT
42	WLD-KRW WLD_KRW	coinone	C	757.50KRW	-3.13%	4,539,254.17WLD	13,118	782.00KRW	795.00KRW
43	WLD-USDT WLD-USDT	bingx	D	0.5702USDT	-3.08%	3,599,044.61WLD	126,189	0.5883USDT	0.5970USDT
44	WLD-USDT WLD_USDT	bydfi	-	0.5699USDT	-3.06%	3,287,511.40WLD	23,095	0.5880USDT	0.5970USDT
45	WLD-USDT WLD_USDT	bitunix	C	0.5703USDT	-3.08%	2,971,359.50WLD	47,706	0.5884USDT	0.5974USDT
46	WLD-USDT WLDUSDT	mexc	C	0.5702USDT	-3.09%	2,559,856.10WLD	3,941	0.5884USDT	0.5971USDT
47	WLD-USDT WLD_USDT	p2pb2b	D	0.5703USDT	-3.09%	2,553,418.70WLD	111,545	0.5885USDT	0.5981USDT
48	WLD-USDC WLD_USDC	p2pb2b	D	0.5699USDC	-2.96%	1,703,447.20WLD	15,801	0.5874USDC	0.5976USDC
49	WLD-TRY WLDTRY	btcturk	E	28.15TRY	-3.02%	1,516,027.10WLD	2,464	29.02TRY	29.47TRY
50	WLD-USDT WLDUSDT	btcturk	E	0.5709USDT	-2.91%	1,355,453.10WLD	1,101	0.5880USDT	0.5971USDT