The Worldcoin Foundation has disclosed plans to compensate orb operators with WLD tokens rather than USDC stablecoins for scanning individuals into the Worldcoin network.
The Worldcoin Foundation has disclosed plans to compensate orb operators with WLD tokens rather than USDC stablecoins for scanning individuals into the Worldcoin network.
According to the Worldcoin Foundation, “more than 800,000 new and existing Orb-verified users have claimed around 34M WLD in free user grants.” The switch is expected to be completed by next month.
The foundation also provided an update on the WLD token circulation supply, which has topped 1% of the total supply of 10 billion tokens. Out of the approximately 134 million WLD tokens released, 100 million were given as loans to market makers, while the remaining 34.3 million were distributed as grants to users and orb operators. With the initial loan to market makers set to expire, the foundation has extended the loan to Dec. 15, 2023 while reducing the loan amount to 75M WLD.
Despite initial operational difficulties, Worldcoin's token grants are growing steadily after an initial phase of enthusiastic adoption.
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