Worldcoin is an open-source protocol designed to make the global economy accessible to everyone. It achieves this by creating a unique digital identity called World ID and, where legally permitted, distributing a digital currency known as Worldcoin (WLD). The project's vision is to establish a universal currency and identification system that simplifies transfers, payments, and purchases using its native token alongside other cryptocurrencies and traditional assets.
How to Get Started with Worldcoin
Acquiring WLD via the Worldcoin App
- Download the official World App. This is the first wallet application that supports the creation of a World ID.
- Locate and visit a physical imaging device called an Orb to get your World ID verified. A network of independent local businesses manages most of these Orbs.
- The Orb uses multispectral sensors to verify the authenticity and uniqueness of each individual, issuing an Orb-verified World ID. It's important to note that all images captured during this process are promptly deleted from the device by default, unless explicit consent is given for data storage.
Purchasing WLD via OKX Wallet DEX
- Open your OKX application and navigate to the 'Wallet' section.
- Use the search function to find WLD.
- Select All Networks > Optimism > WLD.
- Choose the Go to swap option.
- In the 'From' field, specify the amount of tokens you wish to exchange. In the 'To' field, select the amount of WLD you want to acquire. Once set, select Swap to proceed.
- If you have a sufficient gas fee, the order summary page will open. Confirm the details and then select Confirm swap.
- If you have insufficient gas, you can select Approve Crypto > Top-up Crypto > Swap for gas. This feature allows you to quickly convert major assets into gas fees.
Obtaining Your Optimism Deposit Address
- Ensure you have the OKX Wallet app downloaded and set up.
- Within the OKX Wallet app, select the Receive option.
- Search for WLD and select WLD on Optimism.
- Copy your wallet address from the screen.
Withdrawing WLD Tokens from the Worldcoin App
- Open the World App and select the Worldcoin card on the first tab.
- Choose Send and paste your Op-WLD wallet address.
- Verify your Op-WLD address carefully. If it is correct, confirm your Op-WLD wallet address.
- Choose the amount you wish to send to your OKX Wallet and select Preview Send.
- Select and hold the Hold to Send button.
- You will receive a notification confirming that the order was completed successfully once the transaction is finalized.
How to Trade WLD on OKX Wallet
Follow these steps to begin trading WLD on the OKX decentralized exchange (DEX):
Ensure you have enough OP_ETH for gas fees to perform trades and stakes. If your gas is insufficient, utilize the Approve Crypto > Top-up Crypto > Swap for gas feature to convert primary assets into gas quickly.
👉 Explore real-time trading strategies
Note: Only WLD trading pairs on the Optimism network will be counted for campaign eligibility.
How to Stake WLD on OKX Wallet
Staking your WLD tokens allows you to potentially earn rewards. The process is straightforward:
On either the OKX Wallet mobile app or the web platform, navigate to the DeFi section. Here, you can find and select staking options for WLD to start earning.
Frequently Asked Questions
What is Worldcoin (WLD)?
Worldcoin is a cryptocurrency and digital identity project aiming to create a globally inclusive financial and identity network. Its core components are the World ID, a privacy-preserving digital identity, and the WLD token.
Do I need a World ID to buy WLD on OKX?
No, you do not need a World ID to purchase WLD tokens on the OKX DEX. You can buy WLD directly using other cryptocurrencies in your wallet. The World ID is specifically for claiming grants through the official Worldcoin protocol.
What network is WLD on?
The WLD token primarily exists on the Optimism network, a Layer-2 scaling solution for Ethereum. Always ensure you are sending and receiving WLD on the Optimism chain to avoid loss of funds.
Why do I need gas fees, and what is OP_ETH?
Gas fees are transaction costs required to process operations on a blockchain. For transactions involving WLD on the Optimism network, you need to pay gas fees in OP_ETH, which is the native gas token for the Optimism ecosystem.
Is it safe to verify with the Orb?
The Orb is designed with privacy in mind. It uses advanced sensors to verify humanness and uniqueness without storing personal biometric data. By default, all images are immediately deleted after verification unless the user explicitly opts-in for storage.
What can I use WLD for?
WLD is intended to be used as a global currency for transfers, payments, and purchases. Additionally, it can be used within the Worldcoin ecosystem and is available for trading and staking on platforms like OKX to potentially generate returns.