Worldcoin Joins Top Gainers as Newly Launched WLD Token Surge Over 50%

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Worldcoin Joins Top Gainers as Newly Launched WLD Token Surge Over 50%

Last updated on November 19th, 2023 at 11:41 am

Worldcoin-linked WLD token saw a price surge of over 50% after its mainnet went live today June 24. The OpenAI Inc. CEO Sam Altman-backed project has been gaining traction since its launch as early community members received airdrops of the WLD token.

The spike happened after major cryptocurrency exchanges including Binance, Huobi, Bybit, OKX, and others listed the tokens on their respective platforms. Within an hour of the launch, the WLD token price rose to $2.50 according to live data from CoinMarketCap.

Top exchanges list Worldcoin (WLD)

Bybit announced earlier today via its official Twitter page that Worldcoin (WLD) is now live on Spot and Spot Grid Bots. Furthermore, it stated that withdrawals will be made available on Jul 25, 2023, at 10 AM UTC.

Similarly, Huobi notified its users via a tweet stating that it would list Worldcoin and open trading for the WLD/USDT trading pair. Per its statement, deposit and trading are now live.

In a blog post, Binance revealed that it will list Worldcoin (WLD) and tentatively open trading for these spot trading pairs WLD/BTC, WLD/USDT at 2023-07-24 09:00 (UTC). Furthermore, it stated that withdrawals for the token will be opened on Tuesday 2023-07-25  at 09:00 (UTC).

Related Reading: Promising Cryptos in July: Arkham, Launchpad XYZ, and WhiteBIT Token in Focus

The Worldcoin project launch

In a June 24 statement, Worldcoin announced on Twitter that the project’s mainnet is now live. The statement opens by pointing out that Worldcoin was launched three years ago to create a new identity and financial network owned by everyone.

According to the announcement, Worldcoin believes that the project could increase economic opportunities, and also enable a global democratic process.

“If successful, we believe Worldcoin could drastically increase economic opportunity, scale a reliable solution for distinguishing humans from AI online while preserving privacy, enable global democratic processes, and eventually show a potential path to AI-funded UBI,” the statement reads.

The project which has been in development for over three years raised $115 million in Series C funding led by Blockchain Capital according to a CoinDesk report. Regardless of its success, the project has been criticized widely for concerns relating to privacy and for also targeting people in the global south.

WLD tokenomics and today’s price

Meanwhile, according to the tokenomics on the Worldcoin whitepaper, the project has an initial supply of 10 billion tokens. 75% of these tokens are distributed to its community members, 9.8% to the development team, and finally, 13.5% of the tokens go to Tools for Humanity investors.

Over 43 million tokens were allocated to more than 2 million early community members who were verified and participated in the airdrop. In addition, live data from CoinMarketCap shows that the price of the WLD token today is $2.63. The price is up 53.70% in the last 24 hours. What’s more, Worldcoin (WLD) quickly rose to the #221 spot on the CoinMarketCap chart with a live market cap of $267,185,015 ($267 million).

Finally, WLD has a circulating supply of 104,411,213 tokens and a maximum supply of 10,000,000,000 WLD coins.

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Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.