SUMMARY
- Worldcoin, the brainchild of OpenAI's Sam Altman, has an impressive start on its first trading day, seeing a high of $3.58.
- The futuristic project uses an "orb" to scan eyes, creating a unique digital identity (World ID) and introducing a 'proof of personhood' concept.
- Regulatory restrictions bar trading in the US, indicating an interesting challenge for the new crypto token.
![broken image](http://custom-images.strikinglycdn.com/res/hrscywv4p/image/upload/c_limit,fl_lossy,h_9000,w_1200,f_auto,q_auto/9596329/452441_694092.jpeg)
The crypto-currency sphere witnessed a fresh entrant making a dramatic entrance on its first trading day. Worldcoin, an innovation from the brains of Sam Altman, the CEO of OpenAI, made its debut on Monday, sparking the interest of investors globally and sparking conversations around the union of artificial intelligence and cryptocurrency.
The token kicked off trading at a modest $1.70, swiftly rocketing to an impressive $3.58 before gently settling back to $2.52 as the morning bell rang in London. CoinMarketCap's data tracking highlighted an exciting trading period, with Worldcoin transactions reaching a total value of about $145 million. Aided by its listing on popular crypto exchanges such as Binance, the coin had a high-flying start.
Worldcoin isn't just your run-of-the-mill digital asset. This extraordinary project, unveiled on Monday, employs a compact gadget coined as an "orb." This futuristic device scans an individual's eyes, constructing a unique digital identity – the World ID. This identification grants holders a "proof of personhood," as phrased in the Worldcoin lexicon.
Setting a cap at a whopping 10 billion tokens for the initial supply, the launch saw 143 million Worldcoins entering the market, the project's white paper confirms. Of these, 100 million were lent to market makers, with the rest distributed among early investors who participated in the pre-launch phase via the Orb technology.
However, in an interesting twist, US investors will have to sit on the sidelines as the coin won't be available for trading there, a nod to the regulatory constraints within the country.
WOM Money Picks
Be a part of the winning team | 81% Success Rate.