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HomeNewsWORLDCOIN - TECHNOLOGY REVOLUTION OR SECOND DFINITY?

WORLDCOIN – TECHNOLOGY REVOLUTION OR SECOND DFINITY?

The announcement of Worldcoin $WLD Airdrop and token list really took place in the surprise of the Crypto market. Besides, the “silent” when listing this token, Worldcoin also welcomes the market with a very high diluted valuation, $21B. So really, what is Worldcoin? ———————————— ***What is Worldcoin?*** Worldcoin is a protocol for developing products related to personal identification. Worldcoin uses an Orb orb to scan users’ hammocks, then uses a Proof of Personhood mechanism to verify their identity and save data on the blockchain. World ID under the project will act as a global digital passport, and they can be stored in the user’s phone. ***WLD Airdrop*** Users who participate in identity verification through “retina scan” with an Orb (eyeball) and receive WLD tokens as a reward. Each user will receive 3 WLD if the verification is successful. According to Worldcoin (WLD): Airdrop Dashboard (dune.com), the value of this Airdrop of WLD falls to the threshold of $ 1M with more than 86K users receiving the Airdrop. ***Diluted Valuation $21B*** Immediately after listing, WLD traded at $3, then quickly fell and stabilized at $2.15. This gave WLD a $230M valuation for circulating supply and a diluted valuation of up to $21B. This has made many people quite skeptical about the real value of this project, and is a bit related to the Dfinity $ICP bomb listed in 2021. In terms of technology ideas alone, I think this is a project that can create a new trend in personal identification, specifically biometric identification. However, how the market accepts the project is a completely different matter. Therefore, only time will tell whether Worldcoin will be a new technological revolution or a second Dfinity $ICP.

Source: Collector

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