decrypt.co
Binance was just one of several crypto exchanges to announce that it would begin trading for Worldcoin ($WLD). The industry's largest exchange by volume said it would “tentatively” begin today at 5 am EST.
Worldcoin beta participants who received $WLD tokens can also deposit their tokens Binance, which enabled this feature earlier today.
Additionally, the exchange also plans to support leveraged trading on $WLD through its isolated margin feature.
The token has already begun trading on ByBit two hours before Binance’s scheduled launch at $0.3 per coin, before jumping to highs of $2.79 within fifteen minutes. The token was last trading on the exchange at $2.42.
Data produced by CoinGecko indicates a total token supply of 10 billion tokens, and at today’s prices that would give the token a fully diluted value of $25.6 billion at press time.
The token is issued on Ethereum and the popular layer-2 scaling solution Optimism.
Worldcoin is a cryptocurrency project founded by Sam Altman, the CEO of OpenAI. It is a decentralized identity and payment protocol that authenticates users by scanning their eyes.
The project awarded beta users of the World App with $WLD tokens. Beta users had to go through a biometric verification process via one of the project’s many “orb” machines to create a World ID on the application and receive $WLD tokens.
OKX has also begun $WLD deposits and is expected to start trading shortly. The exchange wrote in a press release that it will begin spot trading “once the $WLD token deposit meets our requirements.”
Huobi and Gate are also trading these tokens.