Worldcoin 

This project is really creepy and that extends into their tokenomics. A seemly good thing is that 75% of the supply has been earmarked for community rewards. But once you understand the goals of this project, that's not a good thing. Skip down to the last paragraph if you want the punchline.

Source: https://www.coindesk.com/business/2023/07/24/worldcoin-release-tokenomics-report-geofenced-for-some-countries/

Total Supply

Worldcoin has a fixed total supply of 10 billion tokens. This limit is designed to prevent inflation. However, community governance can allow a 1.5% increase in the supply. Let's face it, this will get implemented.

Initial Distribution

A significant feature of Worldcoin’s launch is its method of distribution. The project aims to distribute tokens globally by verifying individuals' identities using proprietary hardware orbs that scan the iris. This method is intended to ensure a fair and widespread distribution of tokens among people all over the world.

Utility and Use Cases

Worldcoin tokens are intended to be used within a global ecosystem of apps and services. The idea is for these tokens to facilitate transactions and interactions in a decentralized manner, offering a new way of using digital identity for secure and efficient exchanges.

Identity Verification and Privacy

A pivotal aspect of Worldcoin's approach is its focus on identity verification while claiming to protect users' privacy. The project uses biometric data (iris scans) to create a unique hash that verifies an individual's identity without storing personal biometric data, aiming to prevent fraud and duplicate claims.

Orb Operators:

Worldcoin tokens are also distributed to orb operators, who are responsible for operating the hardware used for the iris scans. This incentivizes individuals and entities to facilitate the physical distribution of Worldcoin and help expand its user base.

Governance and Community Incentives:

The Worldcoin project plans to include governance features where token holders can influence the development and strategic decisions of the network. Additionally, incentives are expected to be provided for developers and other participants who contribute to the ecosystem.

Global Ambitions:

The overarching goal of Worldcoin is to create a universal basic income (UBI) structure, where every verified individual can receive tokens, potentially transforming how wealth and resources are distributed globally. Show Less