Bitunix Lists Worldcoin
The top crypto derivatives exchange Bitunix listed the now-trending token Worldcoin (WLD) on July 24, 2023. Bitunix opened trading for these Spot Trading Pair: WLD/USDT. The total supply of Worldcoin is 10 billion with a circulating supply of 104.41 million. At the time of writing, WLD is trading at a price of $2.27.
The listing of Worldcoin on Bitunix is expected to have a positive impact on both projects and their respective communities. It will enhance Worldcoin’s liquidity and market exposure, attracting more investors to participate in the project.
Simultaneously, Bitunix users will gain access to a promising blockchain project that embodies the principles of financial inclusion and wealth redistribution.
Introduction to Worldcoin
Sam Altman, the chief of OpenAI, garnered attention in the global technology industry, mainly due to the launch of the Worldcoin project. This ambitious endeavor introduces an AI to a crypto network, centered around the innovative concept of ‘proof of personhood,’ which aims to verify an individual’s digital identity.
The Worldcoin project is the brainchild of Tools for Humanity (TFH), a technology company co-founded by Altman, Alex Blania, and Max Novendstern back in 2019. Sam Altman recognized the increasing prominence of AI and took the initiative to establish WorldCoin, comprising two key elements: a privacy-preserving digital identity (World ID) and a digital currency ($WLD) that is rewarded solely for being a genuine human being. The project officially went live on July 24, 2023.
At the core of WorldCoin lies a profound principle: the global distribution of cryptocurrency to anyone who can verify their ‘uniqueness’ through an exclusive hardware device called the Orb.
World ID functions as a distinctive identifier, enabling individuals to prove their authenticity in the online realm while ensuring complete privacy. The project’s native cryptocurrency, represented by the ticker symbol $WLD, is known as WorldCoin tokens.
These tokens are distributed to individuals who successfully verify their identity using the World ID. Like any other digital currency, these tokens can be used for transactions, trading, or as an investment.
The Worldcoin Orb
The Orb serves as a biometric verification device, using iris-based scanning to generate your personalized World ID. This innovative approach guarantees that each recipient of WorldCoin possesses a unique identity, effectively thwarting identity fraud and any attempts at claiming multiple tokens by a single individual. By adopting this equitable distribution method, the project aims to ensure fairness for all participants.
Once you undergo the identity verification process with the Orb, you gain access to your allocated share of WLD, which will be securely stored in your World App wallet, a platform developed by Tools of Humanity.
WorldCoin endeavors to democratize the reach of digital wealth, providing a gateway to financial inclusion. In doing so, the project seeks to empower marginalized individuals and bridge the gap that has long hindered their participation in the global economy.
Conclusion
The top crypto derivatives exchange Bitunix’s commitment to supporting projects that seek to bridge economic gaps aligns well with Worldcoin’s effort to empower marginalized individuals through digital wealth distribution.
As both projects continue to expand their reach and influence, it is evident that they are paving the way for a more inclusive and equitable financial future, one where digital wealth is accessible to all.
