Frequently Asked Questions

General

Worldcoin is a new global cryptocurrency that will launch later this year. Our goal is to become the largest and most inclusive cryptocurrency network in the world by giving Worldcoin to everyone, for free. Right now, we are inviting you to reserve your free share of Worldcoin so that you can claim it when we officially launch later this year.

Signing up takes just three easy steps and all you need is a smartphone:

  1. Download the Worldcoin Wallet App
  2. Create an account
  3. Visit a Orb Operator to sign up

Orb Operators use a device called an Orb to check that you have not signed up before. If you haven’t, you can reserve your share of Worldcoin and claim it in the Worldcoin App when we officially launch later this year.

Everyone signing up for Worldcoin at the moment will be able to claim 25 Worldcoin (also called “WLD”) when we officially launch later this year. However, we may change this amount for people signing up in the future: we haven’t yet made a final decision on the exact amount of WLD everyone will receive. We will update this section when the amount is decided.

You will be able to claim your free share of Worldcoin when we officially launch later this year. In the meantime, you will see a balance in your wallet on the Worldcoin App to show you how much Worldcoin you will receive. To receive all of your free Worldcoin, you will need to reopen the Worldcoin App several times in the weeks after you sign up. Each time you reopen the App, you will be prompted to secure a portion of your free share of Worldcoin. Additionally, you will need to reverify your account at an Orb every six months or so, unless you opt in to Data Custody. More information about this process can be found in the Worldcoin App.

Once Worldcoin launches, you will be able to use Worldcoin to:

  • Save - Worldcoin is well-suited to store value: it has a fixed supply which makes it scarce.
  • Pay - You will be able to send Worldcoin to anyone on Earth with a Worldcoin wallet, allowing you to do things like support family abroad, tip artists on social media, or buy and sell digital goods.
  • Earn - When you work, you will be able to get paid quickly and securely directly into your Worldcoin wallet.
  • Swap - You will be able to swap Worldcoin for other currencies (like the Euro) and digital assets (like Ethereum).
  • Participate - Signing up for Worldcoin at an Orb will give you a World ID - a verified anonymous digital identity - that you will be able to use to receive other cryptocurrencies, vote on changes to digital platforms and build your online reputation.

We cannot make any guarantees about how much Worldcoin will be worth. Like other currencies, the value of Worldcoin will be determined by a number of market factors, like the total number of Worldcoin users and the total supply of Worldcoin in circulation.

If you want get more than just your free share of Worldcoin, you have three main options:

  • Become a Orb Operator - Orb Operators earn Worldcoin for every user they sign up. To learn more about becoming an Orb Operator, visit worldcoin.org/become-an-operator.
  • Buy more Worldcoin - This will not be possible until after we officially launch later this year.
  • Win a Worldcoin grant - Once Worldcoin launches, grants will be awarded by the Worldcoin Foundation to those helping push the Worldcoin project forward, like developers.

Cryptocurrencies like Worldcoin have value because of network effects—in short, this is the idea that their value depends on the number of people who use them. The more people who hold the same currency, the more useful that currency becomes, as it allows you to transact with more people and use it in more ways. In turn, this makes it more valuable.

We believe that cryptocurrency is nowhere close to realizing its full potential (and value) because it is still held by such a small percentage of the world’s population. This is the motivating idea behind Worldcoin: if a billion people all held Worldcoin, each person could send money very quickly and easily to a billion other people across the globe. This billion-person network would make Worldcoin very powerful, and also very valuable.

Worldcoin is attempting to do something that has never been done before: distribute cryptocurrency to more than a billion people. Our model has been carefully designed to overcome many of cryptocurrency’s current challenges. Access to cryptocurrency generally depends on access to three things: money, insider knowledge, or technical skills. And, generally, the greater your access to these things, the greater the value of the cryptocurrency that you hold. Worldcoin provides an easy way to participate in cryptocurrency without requiring money, insider knowledge, or technical skills. The Orb allows us to meet people where they are and bring them into the world of crypto within a matter of minutes.

Orb and Orb Operators

The Orb is a device that checks that you are real and have not signed up for Worldcoin before. It is necessary because it is the only secure way of determining both of these things while also preserving the privacy of everyone who signs up.

The Orb checks that you are real and that you have not signed up before. It does this by capturing and processing images of you and your unique iris pattern. Since no two people have the same iris pattern and these patterns are very hard to fake, the Orb can tell you apart from everyone else without having to collect any other information about you—not even your name.

Importantly, the images of you and your iris pattern are permanently deleted as soon as you have signed up, unless you opt in to Data Custody to reduce the number of times you may need to go back to an Orb. Either way, the images are not connected to your Worldcoin tokens, transactions or World ID. For more information on how this works and our commitments to data privacy and security, visit worldcoin.org/privacy.

No. We have ensured that the Orb complies with the specifications set forth in the international standard which covers eye safety. As we continue to make updates and improvements to the Orb, we will continue to ensure that it remains safe to use.

No, you are not exchanging images of your eyes for cryptocurrency. Images of your eyes are only used to verify that you have not yet signed up for Worldcoin. They are permanently deleted once this has been verified, unless you opt in to Data Custody to reduce the number of times you may need to go back to an Orb. You would not say that showing your ID at a voting booth was exchanging your ID for a vote, just as you would not say that this is an exchange: it is a verification. To learn more about how this works, visit worldcoin.org/privacy.

Orb Operators operate Orbs all around the world, earning Worldcoin for every user that they sign up. Orb Operators are not employees of Worldcoin; rather, they lease Orbs for fixed periods of time and run their operations independently, adapting their businesses to the unique demands of their communities.

Download the App to find out where in the world Orb Operators are.

Visit worldcoin.org/become-an-operator and apply!

Launch

Launch is when the Worldcoin currency will go live. From this point onwards, you will be able to transact with real Worldcoin and all transactions will be added to the blockchain. For those who are more technically inclined, this is the point at which the mainnet will go live.

We expect Worldcoin to launch later this year. We haven’t committed to an exact date yet. Instead, the decision to launch will be made when we are confident that we will be able to launch responsibly, in a way that is best for users and the long-term mission of Worldcoin.

The best way is to either sign up for Worldcoin or subscribe to our email updates. Alternatively, you can follow us on Twitter or join one of our other official online communities. As a final option, you can always just keep coming back to worldcoin.org.

Data Privacy & Security

Users are not required to share any of their personal data with Worldcoin, other than their IrisCodes (sets of numbers generated by the Orb). Of course, Worldcoin users may choose to share additional personal data with us, like their email address or their phone number (to stay up to date with announcements), but this is never required.

Importantly, Worldcoin is not a data broker company and our business model does not involve exploiting personal user data for profit. Worldcoin is only interested in a user’s uniqueness – i.e., that they have not signed up for Worldcoin before – not their identity.

To learn more about how Worldcoin approaches data collection, handling and privacy, visit worldcoin.org/privacy.

We do not share any personal user data (including biometric data) with anyone who is not directly working on or assisting with the Worldcoin project. We never will. Our Privacy Statement that pertains to users who sign up via an Orb is very clear about this.

No. Worldcoin will never sell any personal data. This includes biometric data. To learn more about how Worldcoin approaches data collection, handling and privacy, visit worldcoin.org/privacy.

Yes. All data is encrypted in transit and at rest. To learn more about how Worldcoin approaches data collection, handling and privacy, visit worldcoin.org/privacy.

Other

Developing, manufacturing and deploying Orbs around the world costs a lot of money. Investors receive a small portion of the total supply in exchange for funding the project. Without them, Worldcoin would not be possible, and it certainly would not be possible for us to give away the vast majority of our tokens to the public, for free.

The best way is to either sign up for Worldcoin or subscribe to our email updates. Alternatively, you can follow us on Twitter or join one of our other official online communities. As a final option, you can always just keep coming back to worldcoin.org.