Worldcoin aims to establish the world’s largest identity and financial network as a public utility, accessible to everyone. Central to this system is World ID, a privacy-preserving global identity network enabling users to verify their humanity online while maintaining privacy through zero-knowledge proofs. Investors engage with Worldcoin via the World App, obtaining a World ID through verification by an Orb device operated by local businesses. Verified World ID holders can claim recurring rewards of free WLD tokens, positioning WLD as a widely distributed digital currency. WLD, an ERC-20 token on Ethereum, supports governance and utility functions, with most transactions expected on the Optimism network. Worldcoin offers a secure way to participate in the digital economy, with low fees and the ability to store WLD in a compatible wallet alongside Bitcoin and other assets.
1. Create an Account
Visit the Netcoins website and click on the sign-up button. Or download the Netcoins app from the app store for mobile. Enter your email address, create a strong password, and agree to the terms and conditions. You will receive a confirmation email, click on the link to verify your email address.
2. Fund It
Choose your preferred funding method: bank wire transfer, interac e transfer, crypto deposit, or cash deposit. Follow the prompts to transfer funds into your Netcoins account. The process is quick and incurs no fees.
3. Start Trading
Why Buy WLD?
Worldcoin (WLD) represents a unique opportunity in the cryptocurrency landscape. It's more than just a token; it’s a part of a broader mission to create the world’s largest identity and financial public network, accessible to everyone. By purchasing WLD, you’re not only investing in a digital asset but also supporting a vision of global equity and privacy. The token is designed to offer utility and governance, allowing holders to influence the direction of the Worldcoin protocol. The potential for WLD to facilitate universal basic income programs and solve identity verification challenges in the AI age makes it a compelling addition to any crypto portfolio.
How Is Worldcoin Unique?
WLD stands out for several reasons. Firstly, it is part of a privacy-preserving digital identity protocol known as World ID, which uses zero-knowledge proofs to ensure user privacy while proving their unique humanness. This feature is particularly critical in an era where distinguishing between humans and AI is increasingly important. Additionally, WLD is the first token to be globally and freely distributed to individuals simply for being unique persons. This widespread and equitable distribution aims to democratize access to financial services and governance, setting WLD apart from other cryptocurrencies.
What Can You Do With Worldcoin?
Holders of WLD have several potential uses for the token. Primarily, WLD provides a governance mechanism, allowing users to participate in decisions affecting the Worldcoin protocol. This includes voting on protocol upgrades, changes, and other significant decisions. Furthermore, as the ecosystem grows, WLD may be used for various applications within the Worldcoin network, including payments, accessing services, and potentially participating in universal basic income schemes. The token’s broad distribution and governance properties empower users to shape the future of this innovative project.
How Much WLD Can I Buy?
You don’t need to buy a lot of WLD to get started! Our minimum purchase amount is 6 WLD. Enabling anyone to gain exposure no matter how many dollars they have to invest.
What Blockchain Does Worlcdoin Run On?
WLD currently operates on a new Layer 2 blockchain called World Chain, which is secured by Ethereum. This Layer 2 solution enhances efficiency and scalability as Worldcoin onboards new users. Verified human users are granted priority blockspace and some free gas, further enhancing the user experience. The Worldcoin Foundation, with significant development input from Tools for Humanity, oversees this innovative project. By utilizing its own blockchain, Worldcoin aims to provide a secure and efficient platform for its ambitious goals, leveraging Ethereum's robustness for enhanced security and reliability.
FAQs
Why is KYC (Verification) required?
Netcoins Inc. is a licensed money service business under FINTRAC, and a registrant under the Provincial Securities Commissions, and adheres to the strict guidelines set by them for Money Transmitter Businesses and Securities Registrants. We are required to have a Know-Your-Client (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers.
What do I need to provide for your verification process?
You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process. If you don’t pass the automated KYC process, you will have to go through an additional document verification stage. This is important and required as we are a regulated money service business.
How can I fund my account?
Your Netcoins account can be funded with a crypto deposit, Interac e-Transfer, or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy WLD in Canada.