2023-10-23 12:31:28
According to an announcement on October 22, Worldcoin said Orb operators – who are “independent participants in the ecosystem” and tasked with scanning people’s irises in exchange for WLD tokens – will no longer be paid in USDC starting in November. The change affects most jurisdictions. According to Worldcoin, the move to pay Orb operators entirely in WLD from November will mark the end of a “transitional phase” following the project’s official launch on July 24. On October 10, the Worldcoin Foundation already launched a pilot program, in the framework of which selected operators have already received payments in WLD tokens. “2023. In November, according to the expectations of the Worldcoin Foundation, the transition phase will end with all operators receiving WLD tokens.” In the blog post, Worldcoin also noted that Worldcoin tokens are currently unavailable to individuals or companies in the United States and “certain other jurisdictions.” Data from Worldcoin’s official Dune Analytics shows that the supply of the WLD token has grown from around 100 million at launch to around 134 million now. The current supply of Worldcoin (WLD) tokens in circulation. Source: B: Dune Analytics The price of Worldcoin is trying to recover Of the roughly 134 million WLD tokens issued so far, 100 million were distributed among market makers as loans. The remaining 34 million pieces were given in the form of “free user support” to Orb operators and new users. According to Worldcoin, a total of five market maker organizations received the 100 million WLD loan, which would have expired on October 24, 2023. However, Worldcoin said it will extend the maturity date of these loans to December 15 with a reduced amount of 75 million WLD. “The market makers will return or alternatively buy some or all of the remaining 25 million as part of the deal.” – reads the statement. The price of Worldcoin’s native WLD token has started to recover in recent weeks following experiencing a massive drop following its launch. WLD reached an all-time high of $2.65 on July 27. It then fell 63% and fell all the way down to $0.97 by September 13th. It is currently trading at $1.64, according to TradingView data.
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