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	0.4264USDT	1.38%	64,737,722.70WLD	254,101	0.4206USDT	0.4412USDT
2	WLD-USDT WLD-USDT	okex	A	0.4265USDT	1.38%	30,302,091.09WLD	77,700	0.4207USDT	0.4411USDT
3	WLD-USDT WLDUSDT	bybit	A	0.4267USDT	1.35%	29,729,876.14WLD	28,183	0.4210USDT	0.4410USDT
4	WLD-USDT WLD_USDT	gateio	A	0.4265USDT	1.35%	24,311,933.97WLD	31,767	0.4208USDT	0.4412USDT
5	WLD-USDT WLDUSDT_SPBL	bitget	BB	0.4264USDT	1.33%	7,433,141.47WLD	13,352	0.4208USDT	0.4411USDT
6	WLD-USDC WLDUSDC	binance	AA	0.4265USDC	1.40%	5,197,424.20WLD	23,688	0.4206USDC	0.4410USDC
7	WLD-TRY WLDTRY	binance	AA	20.51TRY	1.08%	5,109,283.20WLD	14,299	20.29TRY	21.32TRY
8	WLD-USD WLD-USD	coinbase	AA	0.4264USD	1.52%	3,611,121.25WLD	9,395	0.4200USD	0.4408USD
9	WLD-USD WLDUSD	kraken	AA	0.4279USD	1.61%	2,820,297.66WLD	5,834	0.4211USD	0.4410USD
10	WLD-USDT WLD-USDT	kucoin	BB	0.4265USDT	1.50%	1,952,736.67WLD	9,615	0.4202USDT	0.4411USDT
11	WLD-BTC WLDBTC	binance	AA	0.0₅5310BTC	2.12%	518,174.30WLD	1,425	0.0₅5200BTC	0.0₅5400BTC
12	WLD-USDC WLD-USDC	okex	A	0.4281USDC	1.64%	476,141.12WLD	2,308	0.4212USDC	0.4413USDC
13	WLD-USDC WLDUSDC	bybit	A	0.4276USDC	1.71%	484,669.34WLD	2,699	0.4204USDC	0.4408USDC
14	WLD-EUR WLDEUR	kraken	AA	0.3677EUR	0.55%	390,441.32WLD	497	0.3657EUR	0.3824EUR
15	WLD-USD wldusd	bitstamp	AA	0.4262USD	1.01%	255,682.74WLD	181	0.4220USD	0.4390USD
16	WLD-USD WLD_USD	cryptodotcom	AA	0.4264USD	1.21%	215,684.30WLD	2,875	0.4213USD	0.4410USD
17	WLD-FDUSD WLDFDUSD	binance	AA	0.4282FDUSD	1.83%	170,404.20WLD	1,007	0.4205FDUSD	0.4408FDUSD
18	WLD-USDC WLD_USDC	gateio	A	0.4274USDC	1.62%	159,564.52WLD	461	0.4206USDC	0.4401USDC
19	WLD-EUR WLD-EUR	okex	A	0.3719EUR	1.45%	67,642.20WLD	532	0.3666EUR	0.3834EUR
20	WLD-USDT WLD_USDT	cryptodotcom	AA	0.4265USDT	1.21%	45,861.90WLD	513	0.4214USDT	0.4410USDT
21	WLD-EUR WLDEUR	binance	AA	0.3725EUR	1.42%	45,397.20WLD	146	0.3673EUR	0.3829EUR
22	WLD-USD wldusd	gemini	A	0.4271USD	0.85%	32,973.65WLD	267	0.4235USD	0.4409USD
23	WLD-RLUSD wldrlusd	gemini	A	0.4271RLUSD	0.85%	32,973.65WLD	267	0.4235RLUSD	0.4409RLUSD
24	WLD-GUSD wldgusd	gemini	A	0.4271GUSD	0.85%	32,973.65WLD	267	0.4235GUSD	0.4409GUSD
25	WLD-TRY WLD-TRY	okex	A	20.71TRY	2.07%	28,014.05WLD	58	20.29TRY	21.21TRY
26	WLD-USD WLD-USD	okex	A	0.4229USD	0.69%	15,567.72WLD	128	0.4200USD	0.4405USD
27	WLD-U WLDU	binance	AA	0.4261U	0.83%	14,249.60WLD	22	0.4226U	0.4348U
28	WLD-IDR WLDIDR	binance	AA	7,430.00IDR	0.72%	14,240.23WLD	74	7,377.00IDR	7,700.00IDR
29	WLD-USDT WLDUSDT	cexio	BB	0.4291USDT	-1.81%	1,449.50WLD	2	0.4369USDT	0.4369USDT
30	WLD-USD WLDUSD	cexio	BB	0.4369USD	3.97%	208.73WLD	2	0.4202USD	0.4369USD
31	WLD-EUR wldeur	bitstamp	AA	0.3692EUR	-1.31%	125.91WLD	1	0.3741EUR	0.3741EUR
32	WLD-USDC WLDUSDC	cexio	BB	0.4317USDC	-0.78%	66.56WLD	1	0.4351USDC	0.4351USDC
33	WLD-KRW WLD_KRW	bithumbkorea	-	582.00KRW	1.04%	42,175,977.90WLD	17,377	576.00KRW	602.00KRW
34	WLD-KRW KRW-WLD	upbit	B	582.00KRW	1.22%	30,584,475.14WLD	14,803	575.00KRW	602.00KRW
35	WLD-USDT WLD_USDT	coinw	-	0.4269USDT	1.47%	22,667,226.18WLD	5,824	0.4207USDT	0.4410USDT
36	WLD-USDT WLDUSDT	toobit	C	0.4264USDT	1.38%	16,318,436.20WLD	24,210	0.4206USDT	0.4409USDT
37	WLD-USDT wld_usdt	xtpub	-	0.4264USDT	1.33%	12,574,754.70WLD	33,760	0.4208USDT	0.4409USDT
38	WLD-XRP WLDXRP	bitrue	D	0.3091XRP	4.78%	11,874,227.90WLD	93,311	0.2950XRP	0.3124XRP
39	WLD-USDT WLD_USDT	poloniex	C	0.4250USDT	0.95%	11,646,523.94WLD	283,428	0.4210USDT	0.4330USDT
40	WLD-USDT WLDUSDT	bitrue	D	0.4265USDT	1.35%	10,662,778.20WLD	86,224	0.4208USDT	0.4411USDT
41	WLD-USDT sWLDUSDT	phemex	C	0.4261USDT	1.24%	4,720,124.00WLD	6,504	0.4209USDT	0.4410USDT
42	WLD-EUR WLD-EUR	bitvavo	B	0.3724EUR	1.83%	3,674,039.04WLD	4,128	0.3657EUR	0.3838EUR
43	WLD-USDT WLD-USDT	bingx	D	0.4264USDT	1.40%	3,201,522.54WLD	93,070	0.4205USDT	0.4408USDT
44	WLD-KRW WLD_KRW	coinone	C	583.00KRW	1.30%	2,576,773.80WLD	3,709	575.50KRW	602.00KRW
45	WLD-USDT WLD_USDT	p2pb2b	D	0.4263USDT	1.36%	2,321,027.70WLD	104,560	0.4206USDT	0.4410USDT
46	WLD-USDT WLD_USDT	bitunix	C	0.4262USDT	1.31%	2,139,800.60WLD	33,574	0.4207USDT	0.4409USDT
47	WLD-USDT WLD_USDT	bydfi	-	0.4260USDT	1.19%	2,052,413.10WLD	18,517	0.4210USDT	0.4410USDT
48	WLD-USDC WLD_USDC	p2pb2b	D	0.4263USDC	1.36%	2,056,891.80WLD	14,249	0.4206USDC	0.4410USDC
49	WLD-TRY WLDTRY	btcturk	E	20.53TRY	1.20%	2,002,589.30WLD	2,177	20.28TRY	21.27TRY
50	WLD-USDT WLDUSDT	mexc	C	0.4267USDT	1.43%	1,787,330.61WLD	3,377	0.4207USDT	0.4410USDT