From Eyeball-Scanning to WLD Token Rewards Why Worldcoin is Ditching USDC!

Eyeball-Scanning Project Worldcoin's Shift to WLD Token Rewards for Operators - Explained

Eyeball-scanning cryptocurrency project Worldcoin, co-founded by Sam Altman, just made an announcement that is bound to catch the attention of digital asset investors. Brace yourselves, folks, because Worldcoin has decided to reward its project operators in their very own native coin, WLD, instead of the boring old USD Coin (USDC) stablecoins. Talk about a cryptocurrency power move!

Now, you might be wondering, who are these operators? Well, they’re the brilliant minds behind the biometric imaging device known as Orb, developed by the geniuses at Tools for Humanity. These operators have been diligently verifying personhood, and soon, they’ll be rewarded with shiny WLD tokens instead of plain old USDC. Can you imagine how exciting their lives are about to become?

But hold on to your hats, because there’s more. This transition from USDC to WLD is not just some distant dream—they expect to complete it by next month! Ah, the suspense. But before you get too carried away, I have to break it to you that unfortunately, this perk is not available to our friends in the United States. Sorry, guys, maybe next time!

Now, let’s dive into some more deets. In a recent company update, Worldcoin revealed that the circulating supply of their beloved native token has been steadily rising. It went from a humble 100 million to a jaw-dropping 130 million WLD tokens. That’s a whopping 1.34% of the total supply of 10 billion! Talk about some mind-boggling numbers.

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You might be wondering why Worldcoin needs so many tokens floating around. Well, my dear reader, they have a grand plan to create a massive network of individuals who can proudly verify their humanness. It’s like a club, but with way cooler benefits. To achieve this audacious goal, the majority of the WLD token supply will be distributed to new and existing users in the form of user grants over the years to come. It’s raining tokens, my friends!

But how did Worldcoin manage to increase the circulating supply in such a short time? Well, it turns out that the wizards at Orb have been busy verifying users left and right. They’ve awarded around 34 million WLD in free user grants since the token’s launch in July. Now that’s what I call generosity.

The circulating supply is composed of different elements. First, we’ve got 100 million WLD tokens in loans extended to market makers. Then, there are 34.3 million in user grants claimed by lucky individuals. And let’s not forget about the tokens received by those hardworking operators as rewards for their personhood detecting skills. It’s like a treasure hunt, but instead of gold, you find digital tokens!

Now, you might be thinking, what’s gonna happen to those loans? Well, fear not, because Worldcoin has a plan. The agreements for the loans are set to expire on October 24th, but they’re not letting go that easily. They’ll be renewing them until December 15th, albeit with a reduced loan amount of 75 million WLD in total. Hey, even cryptos need to readjust and keep things fresh, right?

And now, let’s touch on a serious moment. Last month, Sam Altman, the co-founder of Worldcoin and the CEO of ChatGPT creator OpenAI, confessed that the project faces major operational challenges. And boy, is he right. Manufacturing these orbs is no easy feat, my friends. It takes blood, sweat, and lots of tears to pull off such an ambitious venture. On top of that, they’re constantly battling something called “biometrics resistance.” It’s like a superhero fighting their arch-nemesis. Epic stuff.

So, there you have it, folks. The exciting news of Worldcoin embracing its native coin and rewarding its operators in style. Keep an eye out for those WLD tokens, because they might just become the new cool kids in the crypto world. Until next time, my fellow digital asset enthusiasts, keep investing like there’s no tomorrow!

Can you imagine receiving your rewards in your very own native coin? What other perks would you love to see in the crypto world? Share your thoughts below!

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