What is WLD

1. Project Introduction
Worldcoin was proposed by Sam Altman, the founder of OpenAI, in 2019. Inspired by the economic concept of Universal Basic Income (UBI), the goal is to promote wealth distribution by sending free Worldcoin tokens. The project comprises three components:
World ID: A privacy-protecting digital identity.
Worldcoin Token: A token distributed globally for free.
World App: A self-custodial app supporting global payments, purchases, and transfers.
The upcoming World Chain will further integrate the ecosystem. As of now, Worldcoin has 6.58 million users, with World ID authenticated in over 160 countries, and 1.39 billion wallet transactions completed via the World App.
Summary: Worldcoin envisions building a global digital identity and currency system to democratize access to the financial system, with widespread adoption across 39 countries and 3,644 Orb devices.
2. Team & Investment Info
Sam Altman: Co-founder of Worldcoin and CEO of OpenAI.
Alex Blania: CEO of Tools for Humanity (developer of Worldcoin), with a background in theoretical physics.
Rich Heley: Chief Device Officer at Tools for Humanity, with past roles at Facebook, Tesla, and Apple.
Funding: In October 2021, Worldcoin raised $25 million in a Series A round led by a16z, valuing the company at $1 billion. Notable investors include Digital Currency Group, Coinbase Ventures, and Multicoin, with angel investors like Sam Bankman-Fried and Reid Hoffman.
In May 2023, Worldcoin raised $115 million in a Series C round led by Blockchain Capital.
3. Social Media URLs
X: https://x.com/worldcoin
Discord: https://discord.com/invite/worldcoin
Youtube: https://www.youtube.com/@worldcoinofficial
4. Token Info
Token Symbol: WLD
Total Supply: 10,000,000,000
Token Type: ERC-20
Issuance/Burn Mechanism: There is an inflation mechanism in place. (After 15 years, users can decide through governance whether to activate the inflation mode, with a maximum annual inflation rate of 1.5%.)
Contract Address: https://etherscan.io/token/0x163f8c2467924be0ae7b5347228cabf260318753
Token Distribution:
World Community: 75%
Initial Development Team: 9.8%
Tools for Humanity Investors: 13.5%
Tools for Humanity Reserve: 1.7%
5. Related Links
Official Website: https://worldcoin.org/?forceLocale=true&_gl=1*d90r2c*_gcl_au*NzcyNjg0MTg0LjE3MjkxNTQ0MjY
White Paper:
https://whitepaper.worldcoin.org/
Other Info:
https://www.rootdata.com/Projects/detail/Worldcoin?k=MTg0Mw%3D%3D