What is Worldcoin (WLD)? How Does It Work?

With ChatGPT bringing his name to global recognition, Sam Altman’s own cryptocurrency project, Worldcoin, aims to create a global digital identity infrastructure. In this article, you will find answers to questions such as: What is Worldcoin? How does Worldcoin work? What is WLD coin? What is WLD coin used for? How to buy WLD coin? How to store WLD token?

What is Worldcoin?

Founded by Sam Altman, Alex Blania, and Max Novendstern, Worldcoin is an identity project that meets global standards, ensuring reliability while also maintaining as much anonymity as possible.

On the internet, everyone has one or more profiles on countless websites and apps. However, more importantly, bots and artificial intelligence, which create numerous profiles to impersonate real individuals for specific purposes, can sometimes cause dangerous problems. Issues such as misinformation from bots, various manipulations, or the inability to accurately calculate user data in critical areas show how crucial it is to identify real users.

Despite the need for identity verification, the internet’s infrastructure, built on anonymity, provides flexibility and freedom to users. Thus, even though identity verification is necessary, users prefer to keep their personal data as private as possible. One of the main reasons blockchains and cryptocurrencies have rapidly gained popularity is their ability to offer a transparent yet anonymous structure.

Worldcoin creates personalized passports for everyone based on data obtained from a device called the Orb, which scans the retina. The retina, like a fingerprint, is unique to each person, making it a preferred method. When a retina is scanned, Worldcoin creates an IrisCode, a code based on this biometric data. When a user wants to verify their identity through Worldcoin, the platform shares this code with the relevant service. The code confirms that the user possesses the biometric data, but this data is not shared with the other party. This ensures that the platform can be confident the user is a real human being.

Worldcoin refers to its identity project as World ID and creates biometric-based personalized digital passports.

What is WLD Coin?

WLD coin is the cryptocurrency of Worldcoin, awarded to individuals who scan their eyes. The WLD cryptocurrency is currently being used as an incentive to encourage retina scanning. Since the World App, developed by Worldcoin, has infrastructures for transfers and payments, the WLD token is expected to become one of the main components of this infrastructure in the future.

Get to Know Worldcoin

• Worldcoin was founded by Alex Blania, Max Novendstern, and ChatGPT’s founder, Sam Altman.
• Worldcoin operates in dozens of countries.
• More than 2 million people have had their eyes scanned by Orb devices and added to the Worldcoin system.
• WLD is Worldcoin’s native cryptocurrency and is awarded to individuals who scan their eyes.
• The maximum supply of WLD coins is limited to 10 billion units for the first 15 years. After 15 years, it is expected to have an inflation rate of 1.5% per year.
• WLD operates on the Ethereum network and follows the ERC-20 standard.
• Click here to visit the Worldcoin website and here for more detailed information.

How to Store Worldcoin (WLD)?

WLD cryptocurrency operates on the Ethereum network. You can store your WLD assets in browser, web, desktop, mobile, or hardware wallets that support the Ethereum network.

How to Buy and Sell Worldcoin (WLD)?

To buy and sell Worldcoin (WLD) with Turkish Lira or Tether (USDT), you can use the BtcTurk | Kripto website or the BtcTurk | Kripto mobile app. If you are not a member of BtcTurk | Kripto, you can sign up immediately on our website or mobile application and buy Worldcoin (WLD). You can deposit Turkish Lira 24/7 using one of our seven affiliated banks.