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Author Topic: Why this Altcoin called Worldcoin could have a huge potential?  (Read 534 times)
Cryptoababe (OP)
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July 26, 2023, 12:23:32 PM
 #1

Ive been seeing this Worldcoin trending lately. So, I decided to make a little research on it because of that.
First of all, the coin is founded by Sam Altman who was a partner of Elon Musk in open AI. Apart from that, he is a Billionaire also. So, If you look at this coin from this point of view, It actually looks great with that. So, after checking the whitepaper, I see that's its an identity and Financial Network. And its also secure as described in the whitepaper. With this technology, you can scan your eyes to prove that you are a human being also. After seeing the coin ($WLD) trading on several exchanges like Binance, Bitget OKX and more, I feel more confident about the project and coin and I see huge potential in it. So I feel like sharing it here to see people's opinions also.
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July 26, 2023, 04:32:34 PM
 #2

Im seeing some fraud allegation to this project. The regulators were also trying to spend some times to examine this project. It's not yet clear what's gonna be other purpose from scanning human's retina. Well, it can be used as a proof for human being but we must also think if it was also a very sensitive data. It sounds weird to see some people were calling it as a digital passport as well. You must be careful when dealing with this kind of tokens.

A lot of allocations will be going to the users but the problem is still remain the same as there are so many people wanna try to get reward and dump it to the market. The current circulating supply was around 100 millions while the total supply was 10 billions.

The price will be adjusting itself to the circulating supply. The chance for the price to decrease in the future is very high. The price is quite high due to the hype.

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July 26, 2023, 04:39:22 PM
 #3

Don't feel more confident on a coin with that massive amount of supply and insanely high value, if you are buying now you are throwing money away, that's too high, a smart investor must consider the market cap of a project and also the circulating supply,

This world coin sucks if you look at the two things I made mention, where is the multiplier coming from? Also it's should have been named Clown Coin instead, that name suits it better.

This type of coin has to dump heavily to favour investors like you OP, DuMP first or no Buying.

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Cryptoababe (OP)
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July 26, 2023, 08:08:16 PM
 #4

Im seeing some fraud allegation to this project. The regulators were also trying to spend some times to examine this project. It's not yet clear what's gonna be other purpose from scanning human's retina. Well, it can be used as a proof for human being but we must also think if it was also a very sensitive data. It sounds weird to see some people were calling it as a digital passport as well. You must be careful when dealing with this kind of tokens.

A lot of allocations will be going to the users but the problem is still remain the same as there are so many people wanna try to get reward and dump it to the market. The current circulating supply was around 100 millions while the total supply was 10 billions.

The price will be adjusting itself to the circulating supply. The chance for the price to decrease in the future is very high. The price is quite high due to the hype.

This is true. I see honesty in your reply. About the regulators spending time to examine, I think that doesn't mean that the project won't survive.
But about the circulating supply, you are very right. The more it circulates, the more the price adjust it self to the circulating supply even if the demand is high. Seems I will be more careful interacting with the coin for now till I see much circulation and no regulation.
Cryptoababe (OP)
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July 26, 2023, 08:10:58 PM
 #5

Don't feel more confident on a coin with that massive amount of supply and insanely high value, if you are buying now you are throwing money away, that's too high, a smart investor must consider the market cap of a project and also the circulating supply,

This world coin sucks if you look at the two things I made mention, where is the multiplier coming from? Also it's should have been named Clown Coin instead, that name suits it better.

This type of coin has to dump heavily to favour investors like you OP, DuMP first or no Buying.

In summary. You mean, I should just wait for lower price before even attempting to buy. Because the supply is huge. Cheesy
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July 26, 2023, 09:30:07 PM
 #6

Im seeing some fraud allegation to this project. The regulators were also trying to spend some times to examine this project. It's not yet clear what's gonna be other purpose from scanning human's retina. Well, it can be used as a proof for human being but we must also think if it was also a very sensitive data. It sounds weird to see some people were calling it as a digital passport as well. You must be careful when dealing with this kind of tokens.

A lot of allocations will be going to the users but the problem is still remain the same as there are so many people wanna try to get reward and dump it to the market. The current circulating supply was around 100 millions while the total supply was 10 billions.

The price will be adjusting itself to the circulating supply. The chance for the price to decrease in the future is very high. The price is quite high due to the hype.

This is true. I see honesty in your reply. About the regulators spending time to examine, I think that doesn't mean that the project won't survive.
But about the circulating supply, you are very right. The more it circulates, the more the price adjust it self to the circulating supply even if the demand is high. Seems I will be more careful interacting with the coin for now till I see much circulation and no regulation.
This might not be the case but until the SEC is on the investigation, we can't assure the safety of investing in this as we never know yet the results because what if they fail and seize the project? It is very important to invest in projects that we know it was at least safe and have no SEC issue because that determines the potentiality of the project and most of all, we can really think that it has a bright future. Because even if it was a billionaire or connected to a known personality, that was not enough to measure that it will succeed, many were still turn to a scams.

R


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July 26, 2023, 10:59:46 PM
 #7

Im seeing some fraud allegation to this project. The regulators were also trying to spend some times to examine this project. It's not yet clear what's gonna be other purpose from scanning human's retina. Well, it can be used as a proof for human being but we must also think if it was also a very sensitive data. It sounds weird to see some people were calling it as a digital passport as well. You must be careful when dealing with this kind of tokens.

A lot of allocations will be going to the users but the problem is still remain the same as there are so many people wanna try to get reward and dump it to the market. The current circulating supply was around 100 millions while the total supply was 10 billions.

The price will be adjusting itself to the circulating supply. The chance for the price to decrease in the future is very high. The price is quite high due to the hype.

This is true. I see honesty in your reply. About the regulators spending time to examine, I think that doesn't mean that the project won't survive.
But about the circulating supply, you are very right. The more it circulates, the more the price adjust it self to the circulating supply even if the demand is high. Seems I will be more careful interacting with the coin for now till I see much circulation and no regulation.

I have been experiencing with so many projects that listed on the various exchange sites like binance. The project like sui has proven how the more tokens in circulating supply gonna give impact for long term. I kinda feel if privacy is not that important anymore in this decade. You must be careful for that. it's caused by the impact gonna happen for long term. People were wrongly understanding it. They think that as long as the project listed on binance and the price won't be dumped.

The main problem is if invetors were also getting their own tokens that will be dumped once these tokens will be unlocked in the future. The retail investors aka buyers will be only exit liquidity for them.

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July 26, 2023, 11:05:33 PM
 #8

I'm not so sure with this coin, it's new concept and we still don't know whether it will succeeds, considering the fact that most of the coin that outright succeeds are those coin related with smart contract development.
honestly though, the fact that it requires scanning retina for just an airdrop, is too much complicated, moreover the value of the airdrop might be very well under our expectations considering the humongous circulating supply that many has been talking about, imagine scanning your retina for following the airdrop and only resulted with some valueless airdrops i'd be mad, thats why i don't really care about this coin.
there are many retroactive airdrops out there that you can follow thats far more easier, if we are talking about the future value of this coin, the supply already speaks for itself.

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July 27, 2023, 02:09:31 AM
 #9

Im seeing some fraud allegation to this project. The regulators were also trying to spend some times to examine this project. It's not yet clear what's gonna be other purpose from scanning human's retina. Well, it can be used as a proof for human being but we must also think if it was also a very sensitive data. It sounds weird to see some people were calling it as a digital passport as well. You must be careful when dealing with this kind of tokens.

A lot of allocations will be going to the users but the problem is still remain the same as there are so many people wanna try to get reward and dump it to the market. The current circulating supply was around 100 millions while the total supply was 10 billions.

The price will be adjusting itself to the circulating supply. The chance for the price to decrease in the future is very high. The price is quite high due to the hype.

This is true. I see honesty in your reply. About the regulators spending time to examine, I think that doesn't mean that the project won't survive.
But about the circulating supply, you are very right. The more it circulates, the more the price adjust it self to the circulating supply even if the demand is high. Seems I will be more careful interacting with the coin for now till I see much circulation and no regulation.
that is the best you can do mate , staying away from such project with also a potential problem as Fraud are spreading now towards this one.
and besides there are lot of good with better potential projects there that might bring you safe investments.
goodluck for the hunt.

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July 27, 2023, 04:39:22 AM
 #10

Let me tell you why it won't. Right now it has about 2 million dollars marketcap that is still questionable and not even certain, this is self-reported, and even in their self reported ones it's this low. Secondly it has 500 something discord members with just 30 online as of writing this. Imagine a coin that has 500 members and 2 million self reported cap, and imagine you can convince people to invest into that.

This is exactly why it's not going to end up being any success, it's going to suck and it's not going to have any good return at all. I believe that we are going to end up with a trouble one way or another if we keep trusting all these low cap small stuff, do not trust them this easily, they are just not doing a good job.

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July 27, 2023, 05:09:06 AM
 #11

I think, new projects take a long time to grow higher which is the reason many investors will not listen to you to invest in this new project, because every investors want to invest in a potential projects that will not take their time to make a good income. Based on some of the researchers, this worldcoin will not bring what investors will be expecting before the end of this year 2023, because the way the coin appear in the market show that it will not last like Ethereum and binance before it will disappear from the market which is the fear of many investors. I don't think, I will invest on this new coin than to watch the coin through out this season to know if the coin will show any improvement before I will invest.

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July 27, 2023, 08:21:57 AM
 #12

Im seeing some fraud allegation to this project. The regulators were also trying to spend some times to examine this project. It's not yet clear what's gonna be other purpose from scanning human's retina. Well, it can be used as a proof for human being but we must also think if it was also a very sensitive data. It sounds weird to see some people were calling it as a digital passport as well. You must be careful when dealing with this kind of tokens.

A lot of allocations will be going to the users but the problem is still remain the same as there are so many people wanna try to get reward and dump it to the market. The current circulating supply was around 100 millions while the total supply was 10 billions.

The price will be adjusting itself to the circulating supply. The chance for the price to decrease in the future is very high. The price is quite high due to the hype.
What is about Digital passport? wow meaning this can let us travel without anything in Hand but our Mobile or gadgets lol.
and with some fraud allegations? as the regulators are trying to examine this project , I think they need a lot to explain and prove before making its way growing.
and also if this is true that this has a huge potential then time will tell mate , and we cannot just speculate with what the team is saying and those shilling , we are not new in this market and we understand what potential means  Wink









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July 27, 2023, 09:03:17 AM
 #13

Thanks for sharing the information, I looked it up and found good articles in the Washington Post, Reuters and many news agencies which is a good thing not found in most altcoins.
Their ecosystem looks promising, but since the currency is based on the Ethereum blockchain and needs a bridge, I think it will have limited value.
The scary thing is that the total supply is 10,000,000,000 WLD, which may not make it maintain levels above one dollar, so it is better to wait a little and invest at any point below one dollar, which may be good.


https://worldcoin.org/open-source

Do not invest a lot of money in it, and it is better that the percentage not exceed 1%.

This is not investment advice.


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July 27, 2023, 02:45:33 PM
 #14

Im seeing some fraud allegation to this project. The regulators were also trying to spend some times to examine this project. It's not yet clear what's gonna be other purpose from scanning human's retina. Well, it can be used as a proof for human being but we must also think if it was also a very sensitive data. It sounds weird to see some people were calling it as a digital passport as well. You must be careful when dealing with this kind of tokens.

A lot of allocations will be going to the users but the problem is still remain the same as there are so many people wanna try to get reward and dump it to the market. The current circulating supply was around 100 millions while the total supply was 10 billions.

The price will be adjusting itself to the circulating supply. The chance for the price to decrease in the future is very high. The price is quite high due to the hype.

This is true. I see honesty in your reply. About the regulators spending time to examine, I think that doesn't mean that the project won't survive.
But about the circulating supply, you are very right. The more it circulates, the more the price adjust it self to the circulating supply even if the demand is high. Seems I will be more careful interacting with the coin for now till I see much circulation and no regulation.
This might not be the case but until the SEC is on the investigation, we can't assure the safety of investing in this as we never know yet the results because what if they fail and seize the project? It is very important to invest in projects that we know it was at least safe and have no SEC issue because that determines the potentiality of the project and most of all, we can really think that it has a bright future. Because even if it was a billionaire or connected to a known personality, that was not enough to measure that it will succeed, many were still turn to a scams.

So, its better I wait or invest something I can afford to lose. I Was so confident in it and was happy to put money. But now, apart from knowing what to do, Im able to aquire more knowledge on how it works. A lot of honest reply here. Thanks  Smiley
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July 28, 2023, 10:40:09 PM
 #15

Worldcoin has a massive budget behind it and has been all over the news recently so it wouldn’t surprise me to see its valuation grow for a period of time. The project is pretty creepy though. The way they seem to be going after regular people to get lots of folks on board with small investments reminds me of the approach of Safemoon. I expect a similar result.

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July 28, 2023, 10:55:37 PM
 #16

A lot of supply is already in circulation and there could be even more if they do something with the max collection to be released.
With such good marketing and PR strategy, everyone becomes optimistic about the project, not knowing its insides. That's why it was effective when it was first launched and despite its short stay in the market, people are already voicing and determining that it has got the future. Well, to each their own if it's about investing in projects like this. You'll get to see what you are up to and how much you're willing to lose when somebody tells you to invest or not. Those that have experience in investing into newer projects are always optimistic with the gains that they can have short time, so people should think about that before they catch the falling knives.

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July 29, 2023, 07:33:47 AM
 #17

Worldcoin has a massive budget behind it and has been all over the news recently so it wouldn’t surprise me to see its valuation grow for a period of time. The project is pretty creepy though. The way they seem to be going after regular people to get lots of folks on board with small investments reminds me of the approach of Safemoon. I expect a similar result.
It is likely that this will not happen until they have achieved sufficient profits. They have spent a lot of investments in advertising, so it is an opportunity for short-term investment. As soon as you achieve a profit, withdraw and do not let greed attract you because the end of these projects is the bursting of the bubble.


everyone becomes optimistic about the project, not knowing its insides. That's why it was effective when it was first launched and despite its short stay in the market, people are already voicing and determining that it has got the future.
The internal idea of the project is that they are a low-cost bridge on Ethereum, which is not attractive and will not last for a long time, but the promotion and public relations they have are better than most projects. It is a high high risk  investment.

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August 01, 2023, 10:45:07 AM
 #18

For me, this is just famous because of the company and people behind this project.
It's kinda hype for me because right now this project got no use cases really at all besides their Orb which collects people's data and we cannot yet guarantee that it's safe.
It's newly listed to exchanges and I believe just like other altcoins, it will dump first during these days.

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August 01, 2023, 02:01:55 PM
 #19

So I feel like sharing it here to see people's opinions also.
If I had to choose security and profit obviously I would prefer security. Why am I talking about security for this one crypto? scan your retina and show it as proof you're human? does it matter? just because AI tries to dominate human occupations, then with the rise of this kind of trend, it clearly threatens our privacy or personal data as humans. The scariest side of the Worldcoin crypto is your eye scan and it has proven you who, where and everything is so clearly shared with technology. Only to get free coins while our data is exchanged? while there are other ways to benefit, why should you be willing to scan your retina?

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August 02, 2023, 03:22:14 PM
 #20

Ive been seeing this Worldcoin trending lately. So, I decided to make a little research on it because of that.
First of all, the coin is founded by Sam Altman who was a partner of Elon Musk in open AI. Apart from that, he is a Billionaire also. So, If you look at this coin from this point of view, It actually looks great with that. So, after checking the whitepaper, I see that's its an identity and Financial Network. And its also secure as described in the whitepaper. With this technology, you can scan your eyes to prove that you are a human being also. After seeing the coin ($WLD) trading on several exchanges like Binance, Bitget OKX and more, I feel more confident about the project and coin and I see huge potential in it. So I feel like sharing it here to see people's opinions also.

I think it is based on the use case and the adoption. As I know world coin project is eye to earn project. So there is no project like that. My other point is their development team. They have got good experience developer team.  Also, the project launched with the $WLD airdrop to the community. So the market sentiment is good.
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