The WLD token is like a special coin that gives users power to help shape the future of the Worldcoin system. Instead of just having one vote per token, the introduction of World ID could allow each person to have a say, which means everyone's voice can be heard. The Worldcoin Foundation will work with the community to figure out how World ID and the WLD token should work together.
The users of the system will decide how the WLD token is used, but besides governance, there are other ways it could be used. For example, people might use it to pay for things in the World App or other apps, to make payments like sending money or buying and selling things, or to show their support for different causes. In the future, the WLD token could also be seen as a valuable asset.
After the system is launched, the Worldcoin Foundation will be in charge and will work on making the governance more decentralized over time. They will do this by giving out most of the WLD tokens to people who use the Worldcoin system, just for being unique humans. This could make the WLD token one of the most widely spread digital currencies.
After the launch, there will be a fixed supply of 10 billion WLD tokens for 15 years. This means there won't be any new tokens created during this time. After the 15 years, the people in charge of the system (governance) can decide if they want to introduce a small inflation rate of up to 1.5% per year. Inflation means a small number of new tokens will be made each year to help the system stay sustainable in the long term. The governance will also decide where these new tokens will go. The inflation rate of 1.5% per year is set by the WLD smart contract, but by default, it will be 0% unless the governance decides to change it.
Worldcoin stated that WLD is designed as a utility token with governance attributes. In addition to the traditional "one token, one vote" governance mechanism, the introduction of World ID paves the way for the "one person, one vote" mechanism. These two mechanisms can be combined in a number of ways to enable new forms of governance.
Following the token launch, the Worldcoin Foundation will solicit proposals and work with the community to discuss how the World ID and WLD tokens might interact within the Worldcoin governance model.
Other use cases include that a user may decide to use WLD tokens to pay for certain actions in the World App or other wallet applications, to make other payments (eg, send money, tip artists, buy and sell goods and services). Worldcoin stated that in the long run, the WLD token can also be considered a global store of value.
How to Buy?
Users can now buy WLD token on BingX Spot or BingX Futures.
Create an Account: Sign up for an account on the chosen cryptocurrency exchange. You will need to provide some personal information and complete the required verification process.
Deposit Funds: Deposit USDT.
Place a Buy Order: Once you have deposited funds, place a buy order for WLD tokens. You can specify the quantity of WLD tokens you want to purchase and the price you are willing to pay.
Complete the Transaction: If your buy order matches with a corresponding sell order on the exchange, the transaction will be executed, and you will own the WLD tokens.