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Worldcoin

WLD#60 by market cap

Not covered. The criterion it missed: documentation found but no public code repository listed.

Worldcoin is for a platform other apps build on. We have not written its record yet, so its promises are not checked. It trades at $0.3738, #64 of all coins by size, 97% below its highest ever price.

This week Nothing changed on its record.

A real job, real backing. No dated promises on its pages. Nothing dated ahead. Biggest of 15 decentralized identifiers. 1 reason to be careful.

Is it real?

3 of 4tests passeda real job, real backing, something ahead, room to grow
4named backersCoinbase Ventures, Multicoin Capital
2 yearson the marketsince 9 March 2024
102.55Kpeople watch iton CoinGecko lists

Reasons to be careful:Half the supply still to come

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3 of 4

  • A real-world jobReal-world purpose: a platform other apps build on
  • Real backingBacking: backed by Coinbase Ventures; trades on Coinbase, Crypto.com, Kraken; worth $1.34B
  • Something aheadAhead: news this month about treasury
  • Room to growWorth at least four times less than the biggest coin doing the same job, so the gap is real, not a guess.

Backed by Coinbase Ventures and 3 more

  • Origin9 March 2024about about 2 yearsTagged Made in USA on CoinGeckoworldcoin.org, Whitepaper, Wikipedia
  • DevelopersSam AltmanFounders per WikidataNo public code repository listed
  • BackingCoinbase Ventures, Multicoin Capital, Andreessen Horowitz (a16z), Blockchain CapitalInvestor tags from CoinGeckoListed on Coinbase, Crypto.com, Kraken, Binance
  • Standing on the recordNo recordNo dated promise to judge yet27 headlines last month, 1 about government102,553 people keep it on a CoinGecko watchlistNo corrections needed so far

Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.

Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.

Does it deliver?

No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.

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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it

What is next, and when?

Nothing dated has been found on its pages, so there is no date to wait for yet.

How big is it next to its rivals?

#1of 15 decentralized identifiersthe typical one is worth $32.41M
$1.34Bworth todayprice × coins out
$32.41Mthe typical rival is worthDecentralized Identifier (DID)
$237.06Mthe next biggest is worthEthereum Name Service
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world

A platform other apps build on

453 coins tagged Smart Contract Platform, worth $723.36B together. #27 of 453 by worth.

Decentralized Identifier (DID): this coin against its direct competitors

  • CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
  • Worldcoin$1.34Bthis coin−2.6%36% outno record
  • Ethereum Name Service$237.06M5.7× smaller, −$1.11B−1.6%, gap +1.042% out1 of 5 delivered
  • Swop$66.16M20.3× smaller, −$1.28B100% outno record
  • BNB Attestation Service$55.97M24.0× smaller, −$1.29B−5.1%, gap −2.525% outno record
  • Moca Network$40.8M32.9× smaller, −$1.3B+2.2%, gap +4.848% outno record
  • Concordium$40.61M33.1× smaller, −$1.3B−10.3%, gap −7.7no maxno record
  • GAL (migrated to Gravity - G)$39.84M33.7× smaller, −$1.3B−1.4%, gap +1.264% outno record
  • Billions Network$32.5M41.3× smaller, −$1.31B+4.1%, gap +6.724% outno record
Same job, different how

Decentralized Identifier (DID): this coin next to Ethereum Name Service, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.

Worldcoin says
The mission of the Worldcoin project is to build the world’s largest identity and financial network as a public utility, giving ownership to everyone.
Ethereum Name Service says
ENS is a naming system that lets people use easy-to-read names instead of long wallet addresses, across many blockchains, apps, and wallets.

Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.

What it is

The mission of the Worldcoin project is to build the world’s largest identity and financial network as a public utility, giving ownership to everyone.

Problem it says it solves: a platform other apps build on. 453 coins are working on it and together they are worth $723,359,964,122. This coin is 0% of that.

Where it trades: Coinbase, Crypto.com, Kraken, Binance, Gemini

Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.

Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.

What should make me careful?

1 reason to be careful

  • Half the supply still to come64% of the maximum supply is still to come
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Printed the same way as the reasons for: facts from the record, the tags and the market feed. Never a verdict, never the word sell.

The homework: the coin itself, the news, the record

The coin itself

$0.3738price of one−2.6% today
97%below its highest ever$12 on 9 March 2024
36%of the supply is out3.59B coins
$20.28Kpaid in fees, 30 dayswhat people paid to use it
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The last 7 days

7 days ago: $0.4782now: $0.3738 (−19.6%)

Where today sits against its highest ever price

$0.3738

Highest ever: $11.74 on 9 March 2024. Today is 3% of that.

36%

of all WLD that will ever exist is already out in public hands: 3.59B coins.

64% (6.41B coins) is already created but not in public hands, held by the project or locked in escrow. That is a majority. Those coins can be sold later, which can push the price down.

out held back. Each dot is 1%.

A vote, nothing more by itself

Holders vote on how the project runs. The coin does not pay for anything on its own.

  • A vote on how the project is run
$0.3738price of one
×
3.59Bcoins out
=
$1.34Bworth today, #64 of all coins

That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.

Basics
  • 36%of the maximum supply is in circulation: 3.59B of 10B.
  • 6.41Bcoins still to be released, 64% of the maximum. Releases can add selling pressure.
  • 2.8×fully diluted value versus today's market cap. The gap is coins not yet released.
  • 3%of its all-time high of $11.74 on 9 March 2024. That is −96.8% from the top.
  • #64by market cap, $1,343,886,020.
  • Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.

Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.

Real use, in dollars
  • $33.6M is locked in apps built on it right now
  • Users paid $20.28K in fees to use it in the last 30 days

From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.

What the news says

27headlines, last monththat name this coin
1about governmentregulation, courts, central banks
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Headlines per day, last 30 days

27 headlines named this coin in the last month.

What they were about

  • AI7
  • Price5
  • Unlock4
  • Treasury1
  • Whales1

Why it movedDown 20% this week. Headlines that name it: Worldcoin Sees $52M In Volume As Digital Identity Narrative Regains Attention (yellow.com, 19h ago) Worldcoin Sees $52M In Volume As Digital Identity Narrative Regains Attention (yellow.com, 2d ago)

In the news
What people are talking about, last month:

27 headlines in the last month.

Headlines are the publishers' own. News is never placed next to price.

The record itself

Not covered. The criterion it missed: documentation found but no public code repository listed.

Pages savednot yetno roadmap page found
Promisesnone yetno record drafted
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy