Worldcoin starts paying its orb operators in WLD instead of USDC

The company expects all of its operators to be paid exclusively in WLD in November.

Worldcoin starts paying its orb operators in WLD instead of USDC
Design by Ifeoluwa Awowoye for Mariblock.

Controversial decentralized ID protocol Worldcoin announced that it would no longer pay the operators of its orbs in USDC but in its native token, WLD.

The company says that with this move, it hopes to increase the amount of WLD in circulation.

The details 

  • Worldcoin started paying WLD to some of its orb operators in October. By November, it expects all its operators to be paid exclusively in WLD, phasing out payments in USDC. 

Be smart: Worldcoin’s orb operators are its local partners in the countries in which it is present. They serve as country representatives of Worldcoin and handle the education and registration of the company’s users within their respective jurisdictions.

  • The exact amount of WLD or USDC payable by the company to these operators is unclear. 
  • Worldcoin said it launched with only 100 million WLD out of the 10 billion total supply, which it gave as loans to market makers. It has given out an additional 34.3 million WLD in user grants to individuals who sign up as part of its social initiative. 
  • Since its launch in August, WLD, currently priced at $1.6 per token, has fluctuated. At its height in August, it traded well above the $2-mark and $0.97 at its lowest just last month, data from Coinmarketcap suggests. 

Key quote 

  • The announcement read: 
“During a transitional phase after launch, the operator rewards were paid in USDC. This transitional phase is now nearing its end, at which point Worldcoin operators will instead receive rewards in the form of WLD.” 

Before now