ChatGPT founder Sam Altman’s Worldcoin (WLD) project has introduced a significant change in payments for iris scanning.
Worldcoin Foundation on October 22 In his announcement, independent ecosystem participants To Orb Operators starting from november USD Coin (USDC) He announced that no payment would be made.
Orb Operators allow users to scanning eye retinas It acts as part of a system that records and is rewarded in return.
According to the statement, USDC will be replaced by WLD tokens and payments will continue through WLD from the specified date:
As of November 2023, the transition process will be completed and all Orb Operators will begin to be paid with WLD.
On the other hand, WLD payment system USA It was emphasized that it will not be valid for now in some “restricted regions” such as. According to on-chain data platform Dune Analytics, WLD circulating supply at launch when 100 million today to 134 million It seems to come out.
Continuation of the payment system via WLD to increase in supply And pressure on price It is thought that it will cause It is estimated that this may also be effective in decreasing the price.
Approximately exported so far 134 million WLD of the token 100 million to market makers remaining distributed as credit 34 million Released to Orb operators and new users.
According to the team’s statement, a total of five market making institutions On October 24, 2023 that will end 100 million WLD has received the loan. However, the maturity date of the loans 15 December The team stated that they will extend the loan amount until 2020 and will reduce the loan amount from 100 million to 25 million.
Accordingly, when the loans expire 25 million units in circulating supply will have fallen:
Market makers will refund or alternatively buy out some or all of the remaining 25 million as part of the deal.