We are thrilled to share that Worldcoin token (WLD) is now listed on Coinhako.
What is Worldcoin and WLD?
Worldcoin is an iris biometric cryptocurrency project that aims to provides a reliable solution for people to verify their human identity, and differentiate themselves from bots and AI algorithms.
Worldcoin is developed by and co-founded by Sam Altman (creator of ChatGPT) and the WLD token is its native cryptocurrency to facilitate global transactions and act as a medium for payments, purchases, and transfers within the ecosystem.
There is a max supply of 10,000,000,000 WLD and WLD has traded for $10.99 at its peak back in early March 2024.
🚀 View WLD prices on Coinhako now
How does Worldcoin work?
At Worldcoin’s core is World ID, a concept that utilises the groundbreaking Proof of Personhood (PoP) via the cutting-edge iris-scanning device called the Orb.
When the Orb scans a user’s iris, it captures the unique structure of the iris and generates an IrisCode, a special identification code — this code is not tied to any personal information and exists solely to prevent any single individual from acquiring multiple World IDs. Once the iris scan is complete and securely stored a unique World ID is issued to the user. Each generated World ID is added to the Worldcoin blockchain and the iris images are then permanently deleted.
The World App functions like a crypto wallet with a few additional features. It is tied to the user’s World ID and allows it to be used with Worldcoin’s related services, such as Worldcoin grants. Other World ID benefits include Learn-to-Earn courses for new users to learn more about crypto and earn BTC, ETH and more on the World App and gas-free transactions when using the wallet.
Why does WLD stand out?
Designed with the citizens of developing nations in mind, World ID aims to be a decentralized, privacy-protected identity solution that allows each user to prove that they are, indeed, a unique individual.
It is like a digital passport that lets you remain anonymous while proving that you are a unique and real person. The data stored is protected by zero-knowledge technology, which is used to verify a user’s personhood without revealing their actual identity or their online habits to counterparties.
The World ID is simply proof that the user is verified and can be trusted to be an actual human user and not tied to the actual biometric data. The use cases of the World ID include allowing users to "sign in with Worldcoin" on a website, mobile app or cryptocurrency DApp.
What can you do with WLD on Coinhako?
WLD will be available for users to trade across all swap pairs on Coinhako.
To gain access to any of these trading pairs, you can either:
- Fund your SGD wallet on Coinhako instantly with PayNow (or any other supported payment methods)
- Purchase WLD instantly with Visa / Mastercard
Please note that the sending and receiving of WLD will not be available for this release.
Risk Warning on Digital Payment Token Services
Hako Technology Pte Ltd ("Coinhako") is licensed to provide digital payment token services under the Payment Services Act 2019 (No. 2 of 2019).
The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of a digital payment token ("DPT") service provider.
Before you pay your DPT service provider any money or DPT, you should be aware of the following.
- Your DPT service provider is licensed by MAS to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.
- You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.
- You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
- You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.
Visit: Coinhako.com/risk-disclosure for more information.
