Worldcoin is a global identity and public finance network designed to democratize participation for everyone The digital economy, regardless of location, context or economic status. It operates using a unique ecosystem consisting of three key components, a privacy-preserving digital identity (World ID), the native token WLD and the application World App.

World ID

World ID is a unique feature of Worldcoin. It was designed as a way to demonstrate one's uniqueness while protecting privacy. This digital identity aims to solve a range of identity-based problems such as fraud and identity theft, especially in digital transactions.

Worldcoin Token

The Worldcoin Token WLD is another key element of the ecosystem. WLD acts as a utility token, providing functionality within the network and giving users a say in the direction of the Worldcoin protocol. Importantly, WLD is the first token that can be freely distributed globally to individuals solely for the purpose of validating its uniqueness. Currently, verified users can claim one free WLD token per week with no maximum limit.

World App

World App, the third key component, is a mobile application that enables the use of digital assets and traditional currencies around the world Make payments, purchases and transfers. Users can register for a World ID through the World App, claim their free Worldcoin tokens, and trade with their assets.

To register for a World ID, users need to download the World App from the App Store or Google Play, follow the prompts to find a local Worldcoin operator to verify their uniqueness, and receive their World ID in the app . Worldcoin operators are responsible for onboarding new users and expanding to new locations regularly.

After the Worldcoin mainnet goes live, users will receive their Worldcoin tokens if they have verified their uniqueness and are located in a region where Worldcoin tokens are available. Once distributed, tokens can be used for a range of activities. For example, they can be used for governance, payment for transactions in the World App, or stored as a valuable asset.

However, the value of Worldcoin Token (WLD) can fluctuate significantly based on multiple factors, just like other digital assets. These factors include the total number of World ID holders, the scope of applications created by developers, and the supply of circulating tokens.

For those interested in obtaining more than their free portion of WLD, they can purchase more after mainnet goes live, become a Worldcoin operator, or receive a Worldcoin grant from the Worldcoin Foundation, which will be Awarded to those who have contributed to the advancement of the project.