Binance was just one of several crypto exchanges to announce that it would begin trading for Worldcoin (WLD). The industry's largest exchange by volume said it would “tentatively” begin today at 5 am EST.
Worldcoin beta participants who received WLD tokens can also deposit their tokens Binance, which enabled this feature earlier today.
Additionally, the exchange also plans to support leveraged trading on WLD through its isolated margin feature.
Sam Altman's Worldcoin Protocol Launches WLD Token on Optimism Mainnet
The Worldcoin Protocol has launched after migrating to the OP Mainnet, previously known as the Optimism layer-2 blockchain, development partners the Worldcoin Foundation and Tools for Humanity announced today. The migration also signals the highly anticipated launch of the project's native WLD token. "This is a huge deal," Tiago Sada, head of product, engineering and design at Tools for Humanity, told Decrypt in an interview. "The project has been in beta for a while now and in development for e...
The token has already begun trading on ByBit two hours before Binance’s scheduled launch at $0.3 per coin, before jumping to highs of $2.79 within fifteen minutes. The token was last trading on the exchange at $2.42.
Data produced by CoinGecko indicates a total token supply of 10 billion tokens, and at today’s prices that would give the token a fully diluted value of $25.6 billion at press time.
The token is issued on Ethereum and the popular layer-2 scaling solution Optimism.
Worldcoin is a cryptocurrency project founded by Sam Altman, the CEO of OpenAI. It is a decentralized identity and payment protocol that authenticates users by scanning their eyes.
OpenAI CEO's Crypto Project Worldcoin Eyes $100M in Fresh Funding: Report
Worldcoin, the iris-scanning crypto project helmed by OpenAI CEO Sam Altman, continues to attract investors despite yet having left beta. Citing three people with knowledge of the deal, the Financial Times reported that Worldcoin is "in advanced talks" on a new round of financing worth around $100 million. The round is backed by both existing and new investors, according to one of the people. Worldcoin’s previous investment round included funding from venture capital firms Andreessen Horowitz (a...
The project awarded beta users of the World App with WLD tokens. Beta users had to go through a biometric verification process via one of the project’s many “orb” machines to create a World ID on the application and receive WLD tokens.
OKX has also begun WLD deposits and is expected to start trading shortly. The exchange wrote in a press release that it will begin spot trading “once the WLD token deposit meets our requirements.”
