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What is the issue price and issuance volume of Worldcoin?
Worldcoin plans to issue a total of 20 billion tokens, of which 2 billion have been distributed through iris scanning as of May 2023, with the remaining tokens to be released gradually over time.
Nov 15, 2024 at 02:04 am
What is the Issue Price and Issuance Volume of Worldcoin?
Worldcoin is a blockchain-based project aiming to create a global identity network where everyone can easily prove their identity and access services without the need for government-issued IDs or other traditional forms of identification. The project involves distributing Worldcoin tokens to individuals through iris scanning, which are intended to incentivize participation and contribute to the growth of the network.
1. Issue Price of Worldcoin
- Worldcoin does not have a fixed issue price.
- The value of Worldcoin tokens is determined by market forces and is influenced by factors such as demand, supply, and the overall perception of the project.
- Currently, the price of a Worldcoin token is determined through decentralized exchanges and peer-to-peer trading platforms.
2. Issuance Volume of Worldcoin
- Worldcoin plans to distribute a total of 20 billion tokens.
- According to the Worldcoin website, as of May 2023, approximately 2 billion tokens have been distributed to users through the iris scanning process.
- The remaining 18 billion tokens will be gradually released over time, with the exact distribution schedule and mechanisms yet to be disclosed by the Worldcoin team.
Additional Information
- Token Distribution Mechanism: Worldcoin uses an iris scanning device called the Orb to capture individuals' iris data, which is then used to create a unique and secure digital identity. Individuals who participate in the iris scanning process and successfully verify their identity are rewarded with Worldcoin tokens.
Token Utility: While the specific use cases of Worldcoin tokens are still evolving, they are envisioned to be used for various purposes within the Worldcoin ecosystem, such as:
- Facilitating transactions and interactions on the Worldcoin network.
- Providing governance rights to token holders, allowing them to participate in decision-making processes related to the project's development and future.
- Supporting the growth and development of decentralized applications (dApps) and services that utilize the Worldcoin identity platform.
- Token Economics: The distribution of Worldcoin tokens is designed to encourage participation and promote the growth of the global identity network. The issuance volume of 20 billion tokens allows for a substantial distribution to a large number of individuals, potentially reaching billions of people.
- Future Prospects: The future value and adoption of Worldcoin tokens depend on the success and adoption of the Worldcoin identity platform. If Worldcoin successfully establishes itself as a widely used global identity solution, the demand for Worldcoin tokens could increase, potentially driving up their price.
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