Binance to List OpenAI CEO’s Worldcoin (WLD)

• The OpenAI CEO’s Worldcoin (WLD) project is officially live now.
• Binance announced the listing of the Worldcoin (WLD) token.

The much-awaited crypto project Worldcoin, co-founded by OpenAI CEO Sam Altman, is officially launched on July 24, confirmed the team. After the announcement, the crypto exchange Binance announced the listing of the Worldcoin (WLD) token.

#Binance will list @worldcoin $WLD.
https://t.co/WmsuRY8YJc pic.twitter.com/7Bja3w7kxF

— Binance (@binance) July 24, 2023

The Worldcoin protocol emerges into the decentralized space as a “limited” system of real-world identity verification that confirms a registered account is under the control of a distinct person, without disclosing the specific identity of the person. This protocol includes three key elements of the Worldcoin protocol: World ID, WLD token, and World App.

Firstly, World ID is the privacy-preserving digital identity based on the proof of personhood. Secondly, WLD is the native cryptocurrency of the network that is responsible for incentivization. Thirdly, World App serves as the interface that safeguards and manages the World ID credentials

Binance, the largest crypto exchange, has announced the listing of the Worldcoin (WLD) token. Users can now start depositing on WLD on the exchange. Moreover, withdrawals for the WLD tokens are set to open on July 25. The trading pairs for the listing are WLD/BTC and WLD/USDT. Other major crypto exchanges that hailed support for the listing of WLD include Huobi, Bybit and OKX.

Worldcoin Is Restricted to the US Users

Recently, Tools for Humanity, the technology company behind the Worldcoin project, raised $115 million in series C financing supported by Blockchain Capital and other investors, including a16z, Bain Capital Crypto, and Distributed Global.

Reportedly, Worldcoin will not be available to the users native to the United States due to uncertain regulations. Moreover, the co-founders and investors who live in the United States will only be able to receive the tokens when they are outside the country’s premises. As on July 14, nearly 2 million users signed up for World ID.

Despite certain concerns, investors are excited and bullish on the progress of this massive project. The report also mentioned that Worldcoin is an attempt at global scale alignment. So the journey will be challenging, and the outcome will be uncertain.