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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities

Binance Announces Listing Of Sam Altman’s Worldcoin, Opens Deposits

Scott Matherson
Scott Matherson
1 year ago
3 mins read
Worldcoin (WLD)

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Binance, the world’s largest cryptocurrency exchange, has now listed Worldcoin (WLD), the much-anticipated digital asset founded by Sam Altman, the CEO of OpenAI. This listing has garnered immense attention from the global crypto community, with investors eager to participate in this new venture. The listing, announced today at 12:00 will include trading pairs such as WLD/BTC, WLD/USDT, and WLD/USDC.

Worldcoin (WLD) aims to empower humanity in the Age of AI Worldcoin and revolutionize the digital identity landscape in the era of artificial intelligence.

As the project’s service token, the WLD token carries essential governance features. This ambitious endeavor introduces the World ID system, Orb with iris scanner, and World App wallets. 

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Despite privacy and security concerns expressed by experts, Altman is confident that Worldcoin’s open-source AI technology with iris scanning capabilities will alleviate these concerns over time. 

Crypto Exchanges Line Up To List Worldcoin’s Newly Launched WLD Token

Binance is not the only cryptocurrency exchange to participate in the listing of Worldcoin’s newly launched WLD token. Several other major exchanges, including OKX, Huobi, Bybit, and Gate.io, have also jumped on board to offer trading services for WLD.

These listings have given a bullish birth to the newbie token (WLD). The token’s early trading on ByBit saw a remarkable surge, reaching highs of $2.79 within minutes of its debut. With a total token supply of 10 billion tokens, the WLD token’s fully diluted value currently stands at an alarming $25.6 billion.

Worldcoin (WLD) price chart from TradingView.com

WLD falls from $2.99 to $2.199 | Source: WLDUSDT on TradingView.com

Worldcoin’s Ambitious Vision And Support

Sam Altman’s mission to provide universal access to cryptocurrency has struck a chord with investors and communities worldwide. The World ID system, authenticated through iris scanning technology called “The Orb,” aims to establish a trustable and reliable global identification system for all individuals.

With financial backing of $115 million from its Series C funding round, the project is expected to make significant strides toward achieving its goals.

The World ID’s potential to distinguish between real humans and AI-generated entities has caught the attention of Twitter co-founder Jack Dorsey, who is confident in its bright future.

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“At no time should a corporation or state own any part of the global financial system,” Dorsey said in response to a tweet from the Worldcoin Twitter account.

As the project gains momentum, its role in reshaping the economy through generative AI, and potentially contributing to the concept of universal basic income, is becoming increasingly apparent. However, whether this will be good or bad remains to be seen.

Featured image from CryptoSlate, chart from TradingView.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

Read more

Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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