Worldcoin, which once made headlines for its futuristic vision, is now at the center of turmoil. This time, conflict is making news, not innovation. Sam Altman of OpenAI’s cryptocurrency project is at the heart of this tempest as it struggles to accomplish its ambitious goal of a worldwide digital identification system.
Concerns about token dilution, market manipulation, and legal obstacles have put the project—which aims to scan irises for digital IDs and reward participants with free WLD tokens—under close investigation.
The Dilution Dilemma
The crypto community has opposed Worldcoin’s tokenomics. With just 2.7% of its total WLD tokens in circulation, the project’s completely diluted market valuation is shockingly $22.4 billion, while having a current worth of $648 million.
This difference highlights the grave risk of token dilution. As more tokens become available and the value of each token seems to be dropping, current investors find themselves in a dangerou
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