Why Did WLD Token Soar 75% After Listing on Multiple Exchanges?

• WLD soared by 75% shortly after listing on the Binance exchange.
• Binance listed WLD after an official unveiling by Altman, the OpenAI Chief.
• Other top crypto exchanges, including Huobi, OKX, and Bybit, also listed the WLD token.

WLD, the native token of Sam Altman’s Worldcoin project, soared by 75% shortly after listing on the Binance exchange. Binance listed WLD after an official unveiling by Altman, the OpenAI Chief on Monday, July 24, 2023.

After the unveiling, reports emerged that other top crypto exchanges, including Huobi, OKX, and Bybit, listed the WLD token. Current developments suggest the multiple listings have promoted WLD’s adoption. There was an immediate influx of funds into the project, leading to skyrocketing prices for the newly listed token.

In a publication that introduced the project, co-founders Alex Blania and Sam Altman noted that Worldcoin was founded with the ambition of creating a new identity and financial network owned by everyone. They noted that the success of the project depends on its ability to drastically increase economic opportunity.

Worldcoin’s founders expect the project to scale to a reliable solution for distinguishing humans from AI while preserving privacy. They also expect that Worldcoin would enable global democratic processes, and show a potential path to AI-funded Universal Basic Income (UBI).

WLD is the native token for Worldcoin, an eyeball-scanning crypto project. Worldcoin will scan users’ eyeballs with a device called “Orb.” The process will generate unique digital identities for the individuals, and every user will get a “World ID,” also called “Proof of Personhood.”

Altman and his team believe the Worldcoin creation is necessary, following the growth of Artificial Intelligence (AI). They think it would make it easy for people to distinguish between AI-generated content and real-world products.

Apart from listing its native token on crypto exchanges, the Worldcoin founders announced that the project’s app is now available for download. Users who download the World App can visit the Orb biometric verification platform and receive a World ID. This would enable them to prove they are real humans participating online, while maintaining privacy.

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