WorldCoin WDC

Purpose and Intended Use

WorldCoin is a cryptocurrency project launched by Tools for Humanity that aims to create a global digital identity and financial network. The project's core feature is the 'World ID' system, which uses biometric iris scanning through an orb device to verify unique human identities. The WLD token is designed to facilitate governance of the WorldCoin protocol and serve as a medium of exchange within its ecosystem.

Business Model Evaluation

The project's business model centers around creating a global identity verification system and distributing tokens to verified humans. The core operations involve legitimate technological development and don't inherently involve any prohibited activities like gambling or interest-based lending.

Real-World Adoption

As of late 2023, WorldCoin has registered over 2.6 million people through their orb verification system. The project has active partnerships with various organizations and continues to expand its verification operations globally, despite facing regulatory challenges in some jurisdictions.

Platform Development

The project maintains active development of both its software platform and hardware orb devices. The team regularly updates the protocol and has an active GitHub repository showing continuous technical progress.

Token Distribution

The token distribution includes allocations for the team, investors, and ecosystem development, with vesting periods in place. While a significant portion is allocated to the founding team and investors, this is structured with long-term vesting schedules to align incentives.