Worldcoin Updates: Transitioning Orb Operators to WLD Tokens

The Shift from USDC to WLD Tokens

In a bold move that’s guaranteed to stir up chatter in the crypto community, Worldcoin has announced that its Orb Operators will soon stop receiving payments in USD Coin (USDC) and will instead be receiving their hard-earned rewards in the native Worldcoin (WLD) tokens. This change is set to unfold next month, like a dramatic cliffhanger in a soap opera.

Understanding the Role of Orb Operators

For those scratching their heads, Orb Operators are independent players in the Worldcoin ecosystem tasked with the rather futuristic job of scanning people’s irises. Yes, you heard that right! These “Eye-Scanners” (patent pending) help in verifying individuals to support the crypto network and get paid for their efforts. Starting November, they’ll no longer be cashing out in US Dollars or stablecoins, saying goodbye to the good ol’ greenbacks and embracing WLD tokens instead.

The Transitional Phase: Details to Note

Worldcoin describes this shift as part of a “transitional phase” following its official launch back in July. An exciting pilot program kicked off earlier this month, allowing select operators to dabble in WLD payments. If you want to be part of this brave new world, just make sure you’re not residing in the U.S. or some other restricted territories, as those folks are still out of luck.

Token Supply and Distribution

In terms of numbers, Dune Analytics shows that the supply of WLD has ballooned from around 100 million at launch to approximately 134 million now. Sounds impressive, right? Out of this bounty, around 100 million tokens were handed out as loans to market makers, while the remaining 34 million were allocated to Orb operators and new users. Talk about a party!

The Market Outlook and Price Movements

Now, let’s talk dollars—and sense! After a rough post-launch period where the token’s value plummeted 63%, WLD is inching its way back to glory, currently trading at about $1.64. With all the exciting developments and a hopeful outlook, who knows? Maybe WLD will return to its all-time high of $2.65 sooner than you can blink!