What is Worldcoin (WLD)?
WLD is a token created by Sam Altman and OpenAI. It is a utility token and future governance token for the Worldcoin ecosystem. The utility aspect is still developing, as the Worldcoin team intends to develop future project proposals for the Worldcoin ecosystem via the token-based governance model; however the project is currently governed by the Worldcoin Foundation. When it was originally launched, the Worldcoin ecosystem was intended to provided the basis for a universal-basic-income (UBI) system, however recently the project pivoted to focus on solving the issue of identifying real humans on the internet where bots are becoming ever-prevalent and the reach of artifical intelligence is growing. The Worldcoin network uses a physical device called an Orb to scan human retinas. The Worldcoin technology produces a unique hash for each retina, which can be used to recreate the image of that specific retina. The network then uses zero-knowledge proofs (ZKP) to verify that a unique hash exists for a given user, without exposing the hash, allowing users to verify that they are human without risk of exposing any of their private data. The Worldcoin token does not represent an equity, debt or any other type of claim on OpenAI.
How to buy Worldcoin (WLD)?
Here's how to buy Worldcoin on Coinsquare
To buy Worldcoin, simply follow these steps:
1. Sign up for a Coinsquare account and verify your identity
This is the first step to buying WLD. Verifying your identity helps us to properly connect your funds to your account.
2. Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
3. After funding, select WLD from the list on the trade section
Coinsquare lets you trade WLD without leaving the app. You can also check the Worldcoin price and convert WLD to CAD or USD on the platform.
4. Select a currency you’ve funded and use it to check the WLD price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
5. Buy Worldcoin (WLD)
Congratulations! You’re now the proud owner of WLD. You can either HODL or use it to exchange WLD to CAD.
Where do I keep my Worldcoin (WLD)?
At Coinsquare, we offer customers the power of easy transactions and cold storage security. We’re constantly organizing funds to ensure our customers trade instantly and securely. There are different storage options available for your cryptocurrency, your choice should ultimately be the one that suits your needs. Mobile and web wallets can make transactions easy as the currencies are accessible directly from your phone or device, whereas hardware wallets are best suited for secure, long-term storage as they eliminate the vulnerability found in online environments.
Ready to add Worldcoin (WLD) to your portfolio?
Create your account, fund it with spare change and get a little bit of WLD.
