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"The project’s goals regarding the WLD token are as follows:

-The majority of WLD tokens will be given to individuals – simply for being a unique human.

-The majority of humans who are alive today will receive WLD tokens, making WLD the most widely distributed digital currency.

-The WLD token, alongside World ID, will be used for protocol governance.

-The WLD token will form the foundation of the largest privacy-preserving identity and financial network."

nakad.ai🔱🦁🛡️🏯📿 2y ago

Worldcoin (WLD) is an ERC-20 token on Ethereum Mainnet. Individuals will receive their user grants on Optimism Mainnet. Therefore, most WLD transactions will likely take place on the Optimism network.

Initial supply cap

10B WLD

Inflation

Up to 1.5% per year. Inflation can start at the earliest after 15 years. Inflation rate is set by protocol governance. Default inflation rate = 0%.

Circulating supply

At launch, the maximum circulating supply will be 143M WLD

How to receive free WLD tokens

Subject to Availability (see below), anyone in the world can download the World App and reserve user grants. To claim WLD, anyone can visit an Orb in person to verify their uniqueness and humanness.

Worldcoin (WLD) tokens are not available to people or companies who are residents of, or are located, incorporated or have a registered agent in, the United States or certain other restricted territories.

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Discussion

nakad.ai🔱🦁🛡️🏯📿 2y ago

more than 2 million individuals verified their World IDs at an Orb across more than 30 different countries. Subject to Availability, these users have already been allocated more than 43M WLD tokens before launch.

nakad.ai🔱🦁🛡️🏯📿 2y ago

For 15 years following launch, the supply cap is fixed to 10B WLD (enforced by the WLD smart contract). After 15 years, governance may decide to implement an inflation rate of up to 1.5% per year if it deems necessary for the long-term sustainability of the protocol.

Governance will also decide how to allocate these newly minted tokens (if any).

nakad.ai🔱🦁🛡️🏯📿 2y ago

WLD Token Allocation (Here comes the worldcoin scam)

75% Worldcoin Community

-Most of these tokens will be allocated to users; some of the tokens will be used for the ecosystem fund and for network operations. The Worldcoin Foundation will govern the allocation of these tokens

9.8% Initial Development Team

-Tools for Humanity (TFH) and other service providers took the initial steps to develop Worldcoin. TFH currently provides services to the Worldcoin Foundation and operates World App.

13.5% TFH Investors

-TFH investors provided funding that enabled TFH to support the multi-year pre-launch phase of the Worldcoin project. In particular, TFH developed the Orb, a biometric imaging device, the first version of the protocol, and World App, the first wallet for the Worldcoin ecosystem.

1.7% TFH Reserve

-Following launch, TFH will retain a reserve of 170M WLD to address future needs of TFH.

nakad.ai🔱🦁🛡️🏯📿 2y ago

15-Year WLD unlocked supply schedule (representing an upper bound on circulating supply). Governance controls at which pace the unlocked Worldcoin Community tokens enter circulating supply. After year 15, governance may enact an inflation rate of up to 1.5% per year.

nakad.ai🔱🦁🛡️🏯📿 2y ago

"Until decentralization and self-sufficiency, the Worldcoin Foundation will support the Worldcoin ecosystem. As part of its role, the Foundation will allocate the Worldcoin Community tokens primarily towards three different purposes: (1) user grants (subject to the “Availability” noted above), (2) network operations, and (3) ecosystem funds."

jimbocoin 🃏 2y ago

🤮

nakad.ai🔱🦁🛡️🏯📿 2y ago

Its really bad.

jimbocoin 🃏 2y ago

Grateful for #Bitcoin

Matthew 2y ago

😂

no₿ody™ 🧱 2y ago

The fact that eth-btc hasn’t budged since this Xitter announcement is awesome and evidence that orbcoin is yet another “crypto” farce

Eutheuruiem™️ is just a digital “money” printer, maybe people are beginning to understand 🥲

tanel 2y ago

you really think that ETH even had a chance?

no₿ody™ 🧱 2y ago

Noh 🤝

tanel 2y ago

no idea what the left one is, but yes 💜

no₿ody™ 🧱 2y ago

#tanelhasnt been to Chuck E. Cheese 😂

tanel 2y ago

What’s Chuck E. Cheese?

corndalorian 2y ago

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tanel 2y ago

😂😂 is it that bad??

corndalorian 2y ago

Lol 😂 it’s not bad 💜🤙 Just interesting.

tanel 2y ago

😂😂 it okay, the list is gonna be incredibly long

no₿ody™ 🧱 2y ago

It’s a coin from a place where children have birthday parties. The tokens are used to play stupid games and win stupid prizes within the little corporate ecosystem. Actually quite an apt metaphor tbh

tanel 2y ago

ohhh… yeah no idea 😄💜

we used to go bowling, jump around in trampoline centres or play rounds lasergun games

Luxas 2y ago

It will when they release the micro version. Yes, I forsee mETH being a hit.

no₿ody™ 🧱 2y ago

So far you’re right, probably will continue to be. I always saw buying eth as a bet on the gullibility/marketability/stupidity, whatever you wanna call it, of the masses. I still would never hold a single gwei at this point.

nostr:npub1l2vyh47mk2p0qlsku7hg0vn29faehy9hy34ygaclpn66ukqp3afqutajft had a really good thread on twoter about why trading shitcoins to get more sats is no bueno, wonder if he’ll transfer it over here as one big note 👀

Happy Trader 2y ago

Whatever lets you gain more sats is good, no?

no₿ody™ 🧱 2y ago

Rolls 2y ago

WorldCoin except select location lmao 🤣 🤣 you gotta be a new type of stupid to buy into this stuff