The Big Switch
Worldcoin is ready to ramp up the excitement as it phases out payments in USD Coin (USDC) for its Orb Operators, pivoting completely to its native Worldcoin (WLD) token starting next month. This change, which kicks in as of November 2023, is being branded as a “transitional phase” following the project’s official launch this past July.
What Are Orb Operators?
For those scratching their heads wondering what an Orb Operator is, these individuals are the backbone of Worldcoin’s unique ecosystem. They’re tasked with scanning people’s irises to verify identities and, in return, they receive WLD tokens. Who knew your iris could be a ticket to crypto riches?
Worldcoin: A Brief Overview
Launch day was July 24, 2023. Since then, Worldcoin has made waves, flying under the radar with its creative approach to the cryptocurrency market. In early October, they lifted the curtains on a pilot program, enabling select operators to dip their toes in the WLD waters before everyone else gets their chance next month. But, a little caveat here: folks in the United States won’t be fortunate enough to join the WLD party just yet, as the tokens are not available in certain restricted territories.
Growing Supply and Market Trends
Worldcoin is keeping track of its ever-growing WLD supply. At launch, the token had about 100 million in circulation, but it’s now reached an impressive 134 million. Out of this stash, 100 million tokens are reportedly tied up as loans to market makers, while the remaining 34 million went to Orb operators and new users as free grants. Talk about a crypto giveaway!
The Rollercoaster Ride of WLD Prices
In the world of market trends, WLD has had quite the journey. After peaking at a staggering $2.65 on July 27, the value plummeted to $0.97 by September 13. However, it seems to be on the mend, recently trading around $1.64. Not a bad comeback! Remember, investing in crypto can feel like a rollercoaster – hold on tight!
Future Implications
As Worldcoin gears up for this significant transition, it will be interesting to see how it affects the market. Will the fully WLD payment model attract more Orb Operators? Only time will tell, but one can assume this shiny new way to be rewarded may spice things up!
Conclusion
In conclusion, as Worldcoin takes the bold step to shift its payment model completely to WLD tokens, both Orb Operators and crypto enthusiasts alike are sure to observe this transition with bated breath. So, get your irises ready and prepare for some exciting developments ahead!
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