The cryptocurrency of the father of ChatGPT soared 111% on the first day of its launch
according to reports, the digital cryptocurrency WorldCoin co-founded by OpenAI CEO Sam Altman was officially launched today. WorldCoin surged as much as 111% on its first day of trading, thanks to investors betting on the future of artificial intelligence.
As of 11:12 a.m. London time (18:12 a.m. Beijing time), WorldCoin jumped from an initial $1.70 to a high of $3.58 before falling back to $2.52, with a trading volume of about $145 million.
Worldcoin is a global digital cryptocurrency project whose goal is to provide free digital cryptocurrency to everyone in the world. To achieve this, the Worldcoin team has devised a system called “World ID” to ensure that everyone has a fair share of their cryptocurrency while preventing fraud and abuse.
World ID is a biometric-based authentication system. It uses a special device called the Orb, which scans the user’s iris to verify their identity. Since everyone’s iris is unique, this opens up the possibility of building a system that is fair and hard to abuse.
According to the project’s white paper, Worldcoin will have an initial supply capped at 10 billion tokens, 75% of which will be allocated to the Worldcoin community. The supply of Worldcoin launched today is 143 million, of which 43 million are allocated to users who have passed Orb verification during the pre-launch phase of the project, and 100 million will be loaned to market makers outside the United States. Due to regulatory restrictions in the United States, Worldcoin cannot currently be traded in the United States.