The Worldcoin project, initiated by a company with resounding success with its ChatGPT chatbot, has aroused considerable controversy since its announcement. Despite the ambitions of this bold project, it faces many regulatory challenges in different jurisdictions. This article will explore the latest developments of the Worldcoin project, including the opening of WLD token reservations to unverified users.

Worldcoin: the cryptocurrency based on iris recognition

Worldcoin is an initiative that explores the possibilities offered by cryptocurrency based on iris recognition. The team of this project has recently taken a significant step by introducing the reservation function in its dedicated application: the World. This advancement now allows unverified users to reserve Worldcoin (WLD) tokens before finalizing their identity with the World ID.

The token reservation and conversion process

Unverified users now have 12 months to maintain their Worldcoin token reservation. Once their identity has been verified using the Orb iris scanning device, they can convert the reserved tokens to Worldcoin. This unique identification method based on biometric data, including irises, allows participants to receive native WLD tokens as compensation.

The three critical elements of the Worldcoin project

The Worldcoin project is based on three key elements: the Worldcoin ID, the Worldcoin application, and the Worldcoin token (WLD). The innovation lies in the use of biometric data, in particular irises, to create a unique identification system. The project's creators believe that this approach will make it possible to differentiate humans from robots on the Internet, an increasingly complex challenge with the advancement of artificial intelligence.

A utopian vision, but ubiquitous controversies

Despite its ambitions and utopian vision, the Worldcoin project is open to controversy and regulatory challenges. Since its inception, this project has been the subject of investigations and ethical issues, raising significant concerns. The Kenyan government, for example, has questioned Worldcoin's data collection methods, particularly the collection of sensitive identifying information like iris scans.

Ongoing regulations and investigations

The Worldcoin project has also prompted regulatory interventions in Argentina and the UK. These interventions were driven by concerns about collecting and using users' biometric data. Although Worldcoin won over 2 million customers before its public launch, user feedback has been mixed.

Suspicion and comparisons with science fiction

The Worldcoin project was quickly associated with scenarios worthy of science fiction, reminiscent of specific episodes of the series "Black Mirror." The bold statements of the project's creators and their ambition to solve complex problems have sparked heated debate and fueled comparisons with technological dystopias.

Where to buy Worldcoins?

Since the official launch of Worldcoin, several crypto exchanges have rushed to list the WLD token. These platforms include Binance, Huobi, and Bybit, which offer users the ability to buy and sell Worldcoins.

Binance

Binance is one of the most popular and trusted exchanges on the market. You can easily buy Worldcoins with the lowest fees and highest security on Binance. Here's how: Create a free account on Binance or the app.

Huobi is another well-established exchange that also offers the buying and selling of Worldcoins. Here is how to buy Worldcoins on Huobi:

Bybit also offers several other features, such as leveraged trading and staking, which allow you to maximize your potential earnings with your Worldcoins. It is important to note that before purchasing Worldcoins or any other cryptocurrency, you must consider specific measures such as doing thorough research, protecting your account by enabling authentication, and using a secure crypto wallet to store your Worldcoins, among other criteria.

Overall, the Worldcoin project continues to generate a lot of ink and spark passionate debates. Despite the controversies and regulatory challenges it faces, it represents a bold attempt to use iris recognition to differentiate humans from robots on the Internet. The future of this ambitious project remains uncertain, but it is undoubtedly generating considerable interest in the World of cryptocurrency and technology.