Worldcoin to cease paying Orb operators in USDC as early as November

Worldcoin is set to begin paying its Orb Operators– those rewarded for scanning individualss eyes– with its native Worldcoin (WLD) token, phasing out USD Coin (USDC) as early as next month.According to an Oct. 22 announcement, Worldcoin says Orb Operators– who are “independent community individuals” charged with scanning individualss irises in exchange for WLD tokens– will stop to be paid in USDC as of November. The change will impact most jurisdictions.Worldcoin stated the relocation to pay orb operators totally in WLD belonged to a “transitional phase” following the official launch of the job on July 24. On Oct. 10, the Worldcoin Foundation began a pilot program to give choose operators with payment in WLD tokens. “In November 2023, the Worldcoin Foundation anticipates that the shift procedure will be completed such that all Operators will receive WLD going forward.” In the blog post, Worldcoin kept in mind that the Worldcoin tokens are presently not available to people or business who are living in the United States along with “specific other restricted territories.” Data from Worldcoins official Dune Analytics control panel reveals that the supply of the WLD token has grown from around 100 million at the time of launch to around 134 million at the time of publication.The present flowing supply of Worldcoin (WLD) tokens. Source: Dune AnalyticsOf the approximately 134 million WLD tokens provided so far, 100 million were dispersed as loans to market makers while the staying 34 million were provided to Orb operators and new users in the kind of “complimentary user grants.” Related: Parliamentary committee calls for shutdown of Worldcoin in KenyaAccording to Worldcoin, an overall of five market making entities got the 100 million WLD loans which were due to end on Oct. 24, 2023. However, Worldcoin stated that it would extend the expiration date of these loans to Dec. 15, with a lowered amount of 75 million WLD. “The market makers will return or, additionally, buy some or all of the staying 25 million as part of the contract,” checked out the announcement. The cost of Worldcoins native WLD token has gained back a little in recent weeks following a somewhat prolonged post-launch slump. WLD reached an all-time-high of $2.65 on July 27, before falling 63% to reach as low as $0.97 on Sept. 13. It is presently altering hands for $1.64 according to information from TradingView. Worldcoin notched its all-time high in late-July before falling as low as $0.97. Source: TradingViewAI Eye: Real usages for AI in crypto, Googles GPT-4 rival, AI edge for bad employees

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