Worldcoin the world most trusted identity system

Worldcoin has broad and ambitious goals, focused on creating a global, trusted identity system that equally distributes ownership in the digital economy, using blockchain technology and biometrics (iris scans) as the foundation.

What is World Coin?

Worldcoin is a cryptocurrency and blockchain technology project founded by Sam Altman (CEO of OpenAI) together with Alex Blania and Max Novendstern. The goal is to create a global digital network that can verify the identity of every person in the world in a secure, transparent and independent manner, independent of any government or organization. The project uses iris scanning to verify the identity of users and awards WLD tokens as rewards.

Did you know that some people know about Worldcoin but don’t know about Bitcoin?

It’s a funny story and I want to tell you. In Thailand, many people know about Worldcoin (WLD Tokens), but they don’t know about Bitcoin. It sounds so unbelievable.

It must be admitted that Worldcoin has been very successful in attracting ordinary people from Web1-2 to Web3 successfully. By completing the iris scan mission, you will receive WLD Tokens as a reward.

The purpose of Worldcoin

• Create a global, non-nation-bound identity system
• Help separate “humans” from “bots” in the AI ​​era
• Create a foundation for future Universal Basic Income (UBI) distribution

The main components of Worldcoin

1. World ID
   A digital identity system that uses iris scans (via a device called Orb) to prove that a person is a real person (not a bot) without revealing personal information.
   Uses Zero-Knowledge Proof (ZKP) technology for privacy.
2. WLD (Worldcoin Token)
   A digital currency given to people who have verified their identity (in some countries).
   Can be used for international money transfers or accessing future services.
3. Wallet App
   A digital wallet for storing WLD and making transactions.

Worldcoin Highlights

• Universal Basic Income (UBI) → The idea of ​​giving everyone digital money equally
• Prevent bots and account farms → Use biometrics to verify your identity
• Borderless financial system → Easy to transfer money across countries

Controversies and Criticisms of WorldCoin

• Privacy Iris scanning may be seen as a privacy violation
• Security Risks If biometric data is leaked, it may be misused
• Regulations Some countries (e.g. Kenya, India) temporarily ban its use due to legal concerns

What is the goal of World Coin?

The main goal of Worldcoin is very broad, focusing on creating the most trusted and widely accepted global identity system, while distributing ownership in the digital economy as equally as possible. It can be summarized in 4 main points:

Create a World ID

Solve the problem of “Proof of Personhood” or proving who is a “real person” without revealing their real identity
Use biometric technology (iris scan through Orb) to create a unique World ID for each person
A new, secure, and government-free alternative to online identity verification

Protecting Democracy and Equality in the Age of AI

With AI easily creating fake accounts and fraudulent data, it becomes increasingly important to distinguish who is “human.”
Worldcoin aims to create the foundational tools that help digital democratic structures remain trustworthy.

Equal distribution of assets and access to technology

The long-term goal is to distribute digital money or resources to everyone in the world, regardless of class or country.
This idea is related to Universal Basic Income (UBI), which is the idea of ​​providing basic income to everyone.

Building the infrastructure for a new digital economy

Worldcoin aims to be part of a decentralized digital economy
Allowing people to use WLD tokens to securely access services on the internet

Get (Worldcoin Token) as an option, not mandatory.

• The Worldcoin project provides the right to receive tokens (Worldcoin Token or WLD) as an “additional privilege” for those who apply for World ID and successfully verify their identity.
• Choosing to receive or not receive this coin is the right of each user. There is no obligation or requirement.
• Users can choose to use World ID only to verify their identity without receiving coins.
• The distribution of tokens is part of the Global Token Incentive Program organized in many countries around the world, which is under the supervision of regulatory authorities in each country.

How to get Worldcoin (WLD tokens)

There are several main steps involved in receiving Worldcoin (WLD) coins, which require users to go through an Orb-based iris scanner verification process. The steps are as follows:

1. Download the World App
   Download from the App Store or Google Play
   The World App is the official crypto wallet for Worldcoin.
   Register an account in the app
2. Register an account in the app
   Fill in basic information (real name or identification documents are not required)
   The app will ask you to verify your identity through a Proof of Personhood process.
   
3. Go to a location with an “Orb” machine
   You need to go to a location with an Orb, Worldcoin’s iris scanning device.
   Check for a location near you in the app or on the website: https://worldcoin.org/locations
   
4. Iris Scan with Orb
   Orb scans your iris to create an anonymous World ID.
   The iris data is encrypted and does not store raw images or biometric data.
   
5. Get World ID and WLD tokens
   After successful verification, you will receive World ID
   Then, you will receive WLD tokens as rewards (amount depends on the campaign and area).
   
6. Keep your WLD Tokens in the World App or transfer them to other wallets
   You can keep your coins in the World App
   or transfer them to other crypto wallets that support Ethereum/Optimism.
   

Verify your World identity today to receive up to 50 WLD.

Important Note : In some countries (e.g. US), WLD coins are not yet available due to legal issues and Scanning with Orb is only available in person and cannot be used interchangeably. Promotions such as “Get more coins when you refer a friend”, you can check it out in the app.

What can Worldcoin (WLD Tokens) be used for?

WLD (Worldcoin Token) is the core token in the Worldcoin ecosystem, designed for a variety of purposes, including the digital economy, identity verification, and user engagement incentives.

1. Rewards for Verifiers When you verify your identity with the Orb, you will receive WLD as a reward for joining the system, which is an incentive for people around the world to create World IDs.
2. Spend in Worldcoin’s economy Use to buy future goods/services that accept WLD.
   Use in Web3 applications or protocols that support Worldcoin
3. Voting and Governance In the future, WLD may be used as a Governance Token
   for example, voting on project direction, distribution policies, or technical changes.
4. Transfer and trading You can transfer to others or trade on supported crypto exchanges such as Binance, OKX, etc.
   It has fairly high liquidity.
5. Supports the concept of Universal Basic Income (UBI) A tool that could be used to distribute universal basic income to the population of the world in the future.
   The idea is to give everyone a basic income without conditions.

Note Currently, WLD usage is still in its early stages, and many features will be expanded in the future.
Some WLD functions may still be limited in some countries (e.g. accepting tokens in the US).

Worldcoin Summary

Worldcoin is a crypto project founded by Sam Altman (CEO of OpenAI) with the goal of creating a world ID system through iris scanning with a device called Orb to separate “real humans” from bots and distribute digital tokens (WLD token) equally around the world. What Worldcoin is doing is trying to create a “world digital ID card” for use in the era of AI and crypto.

Reference : Chawalit Ekakkarawong
Verster Community

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