Worldcoin app is a digital identification platform that offers a convenient way to verify your identification and give access to the global economy.
Remember those annoying captcha verifications that ask you to click on images of fire hydrants? As a secondary use case, Worldcoin might be able to replace that step.
It is an open-source protocol, founded in 2019 by OpenAI Co-Founder Sam Altman, Max Novendstern, and Alex Blania. The project was developed by San Fransisco and Berlin-based Tools for Humanity.
To obtain a Worldcoin ID, users must complete an in-person iris scan with the platform’s AI-powered scanners. The ecosystem is powered by its gas token Worldcoin.
In this article, I will speak about everything you need to know about the Worldcoin ecosystem and its utility token.
I will go through the major features of the platform, the economics of the token, analysis of its past performance, and reasonable forecasts of the token’s future prices. I will also tell you where you can buy cryptocurrency and how to do that.
Worldcoin Key Features
| World ID | The Worldcoin platform offers you a decentralized digital identity that allows you to prove your humanity without disclosing personal data. |
| World App | The Worldcoin mobile app lets you claim tokens, and send and receive money anywhere in the world. |
| Learn-to-Earn (S2E) | The platform helps you learn about cryptocurrencies and earn additional tokens L2E programs. |
| Worldcoin community | Users can connect with other Worldcoin users and participate in community activities. |
| Orb | The World uses a device to verify your identity with an iris scanner it. The feature is in beta for now. |
| Worldcoin Grants | Residents of eligible countries can receive monthly grants in Worldcoin tokens. |
| Data Sharing | Users can opt-in to share anonymized data with third parties for additional tokens. |
| Staking | You can earn tokens by locking up your Worldcoin tokens. |
| Community governance | WLD holders can vote on proposals to shape the future of the Worldcoin ecosystem. |
Worldcoin Tokenomics
The total and maximum supply of WLD is 10 billion tokens. 133,612,268 Wordcoins are already in circulation.
During the initial distribution, 75% of the tokens (7.5 billion WLD) were distributed to the Worldcoin community through various channels.
13.5% went to the initial development team.
9.5% of tokens were offered to the investors of Tools for Humanity.
Another 1.5% was allocated to future initiatives and the remaining 0.3% went to pre-launch users.
Worldcoin Past Performance
In July 2023, Worldcoin started trading at a few cents shy of $2. After marching toward $2.3, the prices gradually crashed to hit an all-time low of $0.97. However, the token started to gain steam toward the end of the year, starting from November.
Moving forward to 2024, the token started to take off in the second week of February and hit an all-time high of $8.98. When I last checked, WLD was trading at $8.17.
With about 98% of the tokens not yet in circulation, the market capitalization stands at a little over 1 billion US dollars. The fully diluted market capitalization is estimated to be over $81 billion.
Worldcoin Price Forecast 2024
The technical analysis by our expert team suggests that Worldcoin currently has a bullish market sentiment.
At 76, the Fear & Greed Index shows ‘Extreme Greed’ in the marketplace. With 22 out of the past 30 days, Worldcoin had 73 percent green days in the last month.
The token experienced a 52.16% price volatility over this period. Based on our Worldcoin forecast, it’s now a good time to buy Worldcoin.
However, our conservative estimates suggest that Worldcoin will still drop by 1.84% and reach $ 8.18 by the end of next week.
Worldcoin Price Forecast 2025
Post-Bitcoin halving event, Worldcoin is expected to continue its growth streak into 2025. Our analysis tells that the prices will be at $11.10 on the lower side and $13.11 on the higher side.
The average price will be $12.31. The higher-end price will translate into a wonderful 62.3% profit compared to today’s prices.
Worldcoin Price Forecast 2030
2030 is expected to be a significant year for Worldcoin and its investors. The optimists suggest a substantial rise in the value of the token, with predictions ranging from anywhere from $19.51 to $21.59 averaging at $20.59.
Even if the prices reach the expected average price levels, that would be a neat 153.6% return on your portfolio.
| Year | Min. Price | Max.Price |
|---|---|---|
| 2024 | $ 7.87 | $ 9.12 |
| 2025 | $11.10 | $13.11 |
| 2030 | $19.51 | $21.59 |
Where to Buy Worldcoin?
You can conveniently buy WLD from a centralized exchange (CEX) like Binance, OKX, Bybit, Gate.io, KuCoin, and HTX. You can also get your tokens on a decentralized exchange (DEX) like Uniswap if that’s your thing.
How to Buy Worldcoin?
This is how you can buy WLD from OKX. Though I am talking about the procedure in OKX, it’s pretty much the same across most CEX platforms.
- First, go to the OKX website and sign up for a new account, enter your basic details and complete the KYC procedure.
- Load your wallet with funds. You can deposit a cryptocurrency or a fiat currency.
- Navigate to the trading section and on the search box, type USDT and buy the stablecoin.
- Now type WLD/USDT on the search box and select it from the dropdown.
- Place a limit buy order. Enter the number of Worldcoins you want to buy and click ‘confirm’.
- Your purchase will now reflect on your OKX wallet.
- For extra security, you can move the tokens to a personal wallet. But it’s optional.
Conclusion
Thanks to the increasing popularity of decentralized finance (DeFi), users are increasingly flooding their traditional transaction methods.
With the founding team’s plans to make the Worldcoin platform more decentralized, the cryptocurrency holds great potential for the foreseeable future.
Moreover, owing to the ongoing crypto bull run and the unveiling of OpenAI’s new video generation tool, Worldcoin has gained serious traction over the past few weeks. It looks like a good investment.
However, it is still worth mentioning that cryptocurrencies are susceptible to extreme price fluctuations and the reader is advised to exercise adequate caution before buying such assets. As always, never break your emergency funds or borrow money to participate in financial markets.
You should ensure that your balance sheet has enough liquidity before putting your money into assets that can get locked up in potential bear markets.
Related News: Worldcoin Prices Went Through The Roof After Nvidia’s Quarterly Filings.
