What is Worldcoin?
The mission of the Worldcoin project is to establish the world’s largest identity and financial network as a public utility, allowing everyone to have ownership.
The Worldcoin system revolves around World ID, which is a global identity network that protects privacy. World ID allows users to verify their humanity online (“proof of personhood”), while maintaining their privacy through zero-knowledge proof.
To use the Worldcoin protocol, individuals must first download the World App, which is the first wallet application that supports the creation of World ID. People access a physical imaging device called Orb to verify their World ID Orb. Most Orbs are operated by independent local enterprise networks called Orb operators. Orbs use multispectral sensors to verify personhood and uniqueness, and by default all images are immediately deleted on the device (no explicit consent for data hosting).
All World ID holders verified by Orb are entitled to request regular free WLD tokens (WLD tokens are not available in the United States; for more information, please refer to the Worldcoin token economics section of the project white paper). This could make WLD the most widely distributed digital currency.
WLD tokens are designed to be practical tokens with governance properties, giving users power by giving them a say in the future of the protocol. In addition to the traditional “one coin, one vote” governance mechanism, the introduction of World ID paves the way for a “one person, one vote” mechanism. These two mechanisms can also be combined to achieve new governance methods. After launch, the Worldcoin Foundation will solicit suggestions and work with the community to discuss how World ID and WLD tokens should interact within the Worldcoin governance model (for detailed information on governance and decentralization, please refer to the project’s white paper).
The user community will decide on the utility of the token, but in addition to governance, there may be some other use cases. For example, users may decide to use WLD tokens to pay for certain operations in the World App or other wallet applications, make other payments, or indicate their approval of certain initiatives or businesses.
WLD is an ERC-20 token on Ethereum. Individuals will receive user rewards on the Optimism mainnet. Therefore, most WLD transactions may take place on the Optimism network.
$WLD Sky-high Unlocking is Coming, with a Maximum Decline of 80%!
According to Token.unlocks data, starting from July 24th, WLD will undergo a large linear unlocking, with a daily unlocking of 6.62 million WLD tokens, equivalent to about 18 million US dollars, and the unlocking will last for 730 days. The unlocking includes community unlocking, initial development team unlocking, and investor unlocking.
This kind of unlocking is unheard of. Does the project side not want people to survive? A daily unlocking of 6.62 million WLD, lasting for 730 days, who can handle such a large amount? This decline will exceed $AEVO! Continuous unlocking and decline, coupled with the current total market value of 23.6 billion, and a circulating market value of 600 million! Based on the current price, this means unlocking tokens worth $15 million per day! After 730 days! Even the sheep dare not accept this huge volume of selling! Is this heading towards zero? Or is it preparing for a big move? To rise from the dead?!
It’s best not to touch this currency in the spot market in the short term!
Large-scale unlocking has caused widespread damage, and the struggle for stock will determine the future trend of these currencies.
Recently, various projects have begun to release a large number of chips such as WLD, ENA, ETHFI, etc. After crowdfunding, they do not have the ability to continue to generate profits. The ultimate way to profit is to cut the sheep. If the sheep are not cut, they will cut each other within the industry. A certain project has joined various investment institutions to participate in the primary market through crowdfunding, and has agreed to use the driving effect of various investment institutions to guide the sheep to enter, and then distribute the money from the sheep.
From the various behaviors in the market, it can be seen that the environment we are in is still a stock market, and most of the incremental funds from overseas institutions are participating in Bitcoin. Therefore, Bitcoin has been strong recently, while other currencies need to observe whether there is speculation. This raises a question: the speculation of mainstream currencies led by ETH and SOL is speculation by stock funds, while the speculation of Bitcoin is speculation by incremental funds.
Therefore, it can be expected that in the near future, mainstream currencies led by ETH, SOL, etc. will continue to oscillate within a certain range, while Bitcoin may oscillate and rise. After that, ETH, SOL, and others will also begin to differentiate. Those currencies with speculation expectations will receive more capital favor, while those without speculation expectations will continue to oscillate downward. Therefore, we can conclude that in the coming time, Bitcoin will continue to rise, while mainstream currencies will show a clear differentiation, strong currencies will experience a rebound after the rise, and weak currencies will continue to oscillate downward. The logical basis for this conclusion is the increment and stock of funds.
How to Layout
The top gainers on the rise yesterday were some small currencies, and the leaders did not move. The AI sector has been unable to rise due to WLD, which remains a recurring topic, the market is short of money! There are signs of activation in the MEME sector, and PEPE and BOME are making small steps forward, so focus on this area in the near future. You just have to be patient, endure loneliness, and hold onto prosperity! The market often emerges in despair.
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