Worldcoin Alters Orb Rewards Strategy to Enhance WLD Token Circulation, Led by Sam Altman

Commencing this Tuesday, a recent developer document has revealed that users will undergo a significant alteration in their reward system. Instead of receiving USDC, users will now be granted WLD tokens. This transition is a crucial facet of the Worldcoin (WLD) project, known for its audacious and somewhat debatable strategy. The primary consequence of this change is the notable expansion of WLD tokens circulating freely in the open market.

In a blog post issued on a Sunday, Worldcoin delved into the intriguing evolution of the WLD token. The project's inception involved the introduction of WLD tokens with a relatively confined circulating supply, slightly surpassing 100 million WLD. The core objective was the establishment of a comprehensive network, inclusive of as many individuals as possible. To concretize this vision, Worldcoin has laid out plans to allocate a substantial portion of the WLD token supply as user grants to both new and existing participants throughout the upcoming years.

Worldcoin, an identity protocol strongly endorsed by Sam Altman, the visionary behind OpenAI, is distinguished by its utilization of a specialized hardware component named the Orb. This sophisticated apparatus is engineered to perform iris scans, thereby confirming the individual's identity as a human. The Worldcoin project underscores the prospective advantages of integrating this groundbreaking technology into broader crypto and artificial intelligence (AI) ecosystems.

Individuals who have successfully completed the verification process with the Orb are eligible to claim WLD tokens through the project's designated application, provided they adhere to relevant regulatory frameworks. In contrast, Orb operators have traditionally received compensation in the form of USDC tokens for each iris scan performed. However, the precise compensation received by these operators for each scan remains undisclosed.

Subsequent to this pivotal announcement, there has been a noticeable decline in the value of WLD tokens. Over the last 24 hours, WLD token prices have fallen by nearly 6%, resulting in a current valuation of $1.48.

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