Worldcoin (WLD) Tokenomics Unveiled: Building the Future of Identity and Finance
In a groundbreaking move, #Worldcoin (WLD) has revealed its tokenomics, with a strong emphasis on widespread community distribution and a mission to create the world's largest identity and financial network as a public utility owned by everyone. Leveraging cutting-edge technology such as World ID and privacy-preserving identity networks, Worldcoin sets out to navigate the evolving landscape of AI technology and establish a robust infrastructure for the crypto space. $WLD
Empowering Unique Human Identities:
Worldcoin's core focus lies in ensuring that the #WLD token reaches the hands of as many unique human identities as possible. With 75% of the tokens allocated to individuals based on their unique human identity, WLD is poised to become one of the most widely distributed digital currencies.
Governance and Protocol Development:
World ID, in conjunction with the WLD token, will play a pivotal role in protocol governance. Users will actively participate in shaping the future of the Worldcoin ecosystem, making it a truly community-driven endeavor.
Privacy-Preserving Identity Network:
The introduction of World ID, a privacy-preserving global identity network, is a game-changer in an AI-dominated digital space. Leveraging zero-knowledge proofs, individuals can prove their humanness online, effectively distinguishing themselves from AI entities and ensuring a secure online identity.
Technical Aspects of WLD Token:
The WLD token functions as an ERC-20 token on the Ethereum Mainnet, with user grants issued on the Optimism Mainnet. Most transactions are expected to occur on the Optimism network, while the token can be bridged back to Ethereum through the Optimism bridge when necessary.
Fixed Supply Cap and Governance-Controlled Inflation:
Worldcoin has imposed a fixed supply cap of 10 billion WLD tokens for the initial 15 years after launch. Beyond this period, governance may introduce a maximum inflation rate of 1.5% per year if deemed necessary for the protocol's long-term sustainability. By default, the inflation rate is set to 0% unless changed through governance.
Token Allocation Breakdown:
The allocation of WLD tokens is as follows:
75% for the Worldcoin Community
9.8% for the Initial Development Team
13.5% for TFH Investors
1.7% for TFH Reserve
World ID: A Transformative Component:
World ID, a privacy-preserving global identity network, is a fundamental aspect of the Worldcoin system. It allows users to verify their real identity to various platforms while ensuring privacy. This has significant implications for fair airdrops, token sales, protection against bots, and equitable distribution of resources.
Diverse Utility of the WLD Token:
Beyond its governance properties, the WLD token will find utility in various applications, including payments within the World App or other wallet apps, remittances, tip transactions, buying and selling goods and services, and signaling support for causes and initiatives.
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