The new token is set to be listed on major crypto exchanges, like Binance, Huobi and OKX.
Sam Altman, the CEO of American artificial intelligence (AI) research laboratory OpenAI, and his Worldcoin project have embarked on a new chapter with the introduction of the project's ecosystem token on July 24th.
This ambitious venture has spurred a handful of reactions, some lauding its bold vision while others expressing concerns over its potentially invasive and dystopian undertones.
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For example, former Twitter CEO and Bitcoin advocate Jack Dorsey voiced his opposition, tweeting, "at no time should a corporation or state own any part of the global financial system."
Despite such polarized opinions, the Worldcoin project remains steadfast in its mission to combat income inequality and enhance the reliability of online identity verification.
Following the token launch, cryptocurrency exchanges, such as Binance, Bybit, OKX, Gate.io, and Huobi, unveiled plans to introduce the new token in their ecosystems.
The Wordlcoin journey started on March 14th, alongside a signup list for its Software Development Kit (SDK).
The Worldcoin team explains that the World ID, a key feature of the initiative, intends to function as a universally accepted digital passport that customers can use to affirm their identity without disclosing personal identifiers like phone numbers to online platforms.
On May 8th, Worldcoin introduced a gas-free digital wallet exclusively for verified human users. It paved the way for gas-free transactions for individuals who signed up for a World ID.
Yet, the path has not been entirely smooth. Blockchain security firm PeckShield uncovered a fake Worldcoin token that had executed a rug pull.
The debut of Worldcoin's novel token signifies an audacious stride towards revolutionizing online identity verification and addressing income disparities. Nevertheless, the ultimate test will lie in its effective execution.
