LianGuai Daily | Worldcoin launches WLD token and releases token economics; Twitter profile picture and homepage logo have both been changed to X.
Worldcoin launches WLD token and token economics; Twitter profile picture and homepage logo changed to X.
Today’s News Highlights:
1. Twitter official account name and avatar changed to “X”
2. Worldcoin announces the launch of WLD token, to be distributed to over 2 million people worldwide
3. Vitalik expresses his views on “biometric proof of personhood”
4. Worldcoin releases token economics: circulation of 143 million, team allocation of 9.8%
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5. A dormant Bitcoin wallet transfers 1037 BTC, acquired at a price of $4.92
6. Bitcoin mnemonic wallet UniSat Wallet is raising $50 million at a valuation, in talks with Binance Labs
7. Data: OP worth approximately $38.17 million and YGG worth approximately $2.14 million unlocked this week
8. Data: a16z transfers 1380 MKR to Coinbase, currently holds over 16,000 MKR
Regulatory News
Coinbase’s deadline for submitting key documents in the SEC lawsuit case has been announced
Cryptocurrency exchange Coinbase and the U.S. Securities and Exchange Commission (SEC) lawsuit case Judge Failla released a scheduling order outlining key deadlines for submitting documents. Coinbase must submit a legal memorandum outlining its arguments, evidence, and supporting documents by August 4, 2023. Interested parties supporting Coinbase’s motion for judgment on the pleadings may submit a friend of the court brief by August 11, 2023, not to exceed 20 pages. On the other hand, the SEC must submit its own legal memorandum outlining its arguments and evidence by October 3, 2023. Interested parties supporting the SEC may submit a friend of the court brief by October 10, 2023, not to exceed 20 pages. After the SEC submits its legal memorandum, the court allows Coinbase to submit a reply memorandum by October 24, 2023, limited to 15 pages, directly responding to the SEC’s arguments and evidence.
NFT
Project Updates
Musk changes personal Twitter avatar to X Logo
According to Musk’s personal Twitter page, his Twitter account avatar has been changed to X Logo, with the bio as X_com.
Previous news stated that Musk tweeted that Twitter’s temporary X logo would go live today, replacing the bluebird logo. Currently, clicking on X_com automatically redirects to Twitter’s official website twitter_com.
Twitter officially changes account name and avatar to “X”
According to Twitter’s official account, their account name has been changed to “X” and the avatar has been modified to “X” Logo. The Twitter homepage and loading page logos have also been changed to “X”.
Previous news stated that Musk had already changed his personal Twitter account avatar to X Logo, with the bio as X_com.
Worldcoin announces the launch of WLD token, to be distributed to over 2 million people worldwide
Worldcoin releases a signed open letter by Sam Altman, announcing the launch of the WLD token by the cryptocurrency project co-founded by Sam Altman, Worldcoin, and its distribution to over 2 million people worldwide. In today’s statement, Worldcoin promises to accelerate registrations by deploying Orbs in over 35 cities across 20 countries globally. Individuals verified through Orbs will initially receive 25 WLD tokens, as well as future periodic grants. The exact token economics of the project are expected to be announced later tonight. Due to regulatory uncertainty, WLD will not be available for use in the United States.
It is reported that the project is one of the most controversial projects in the field of cryptocurrency. Its focus is to help people verify credentials through iris scanning balls and prove their identity online. Over 2 million people (most of whom are from countries in the southern hemisphere) have been verified, and today they will all receive their deserved WLD token allocation.
Worldcoin has launched on the OP mainnet and is distributing tokens.
The Worldcoin Foundation and the development partner Tools for Humanity announced today that the Worldcoin protocol has launched on the OP mainnet (formerly known as the Optimism Layer 2 blockchain). Optimistic.etherscan data shows that the current total supply of WLD-Optimism is 175,500,064 tokens, with 94,574 holding addresses. The contract address for WLD-Optimism is: 0xdc6ff44d5d932cbd77b52e5612ba0529dc6226f1. Alongside the launch of the Worldcoin protocol, the Worldcoin Foundation has also introduced the World ID system and expanded its World App to more than 80 countries, with plans to increase this number to 120. In addition, market data shows that WLD is currently priced at $1.988, reaching a high of $2.7501.
Worldcoin releases token economics: circulating supply of 143 million, team allocation of 9.8%
Worldcoin has released the token economics for WLD, with 75% allocated to the community, of which the target allocation to users is ≥60%, the initial team allocation is 9.8%, TFH investors account for 13.5%, and TFH reserves account for 1.7%. Over 43 million WLD tokens have been distributed prior to the release. The circulating supply is 143 million, with 100 million loaned to market makers.
dYdX proposal to shift rewards from LP to market makers has been approved, with market maker rewards increasing by 0.85bps
According to the Snapshot voting page, the dYdX proposal to shift rewards from LP to market makers has been approved. The proposal suggests increasing market maker rewards from 0.5bps to 0.85bps and reducing LP rewards by 50%, from 1150685 DYDX/epoch to 575342.5 DYDX/epoch. The reduced LP rewards will enter the reward treasury for distribution through DAO voting. It is expected that this reduction will improve exchange liquidity, reaching or approaching the top of the order book. Economically, it is roughly neutral for LPs, but it will significantly reduce monthly DYDX releases. The proposal has already been approved, and the reduction in LP rewards will require an on-chain vote within a short lock period.
DeFi lending protocol Granary Finance to airdrop early users and LGE participants
DeFi lending protocol Granary Finance announced that it will airdrop to early users and LGE participants. The eligible list will be announced on Monday, and the airdrop claim will open on July 28th. The total airdrop amount will account for 2% of the token’s total supply.
Vitalik expresses his views on “biometric proof of personhood”
Vitalik Buterin, co-founder of Ethereum, published an article today titled “What do I think about biometric proof of personhood?” expressing his views on biometric proof of personhood. The article mentions projects such as Worldcoin, Proof of Humanity, and Circles co-founded by Sam Altman. Vitalik also introduces how Worldcoin operates and the main problems it faces, as well as how the team addresses decentralization issues. Vitalik states that Worldcoin faces four main risks: privacy, accessibility, centralization, and security. He also expresses his views on preventing coercion in biometric identification systems and preventing the rental/sale of IDs.
He finally stated that the concept of identity proof seems to be very valuable in principle, although there are risks in various implementation methods, there are also risks without any identity proof: a world without identity proof seems to be more likely to be dominated by centralized identity solutions, money, small closed communities, or some combination of the three. Vitalik believes that in an ideal situation, different technologies such as social graph, general hardware biometrics, and professional hardware biometrics should be seen as complementary and combined together.
Investment and Financing
The Bitcoin-inscribed wallet UniSat Wallet is currently undergoing financing with a valuation of $50 million and is in communication with Binance Labs.
According to Wu Shuo’s report on blockchain, the Bitcoin-inscribed wallet UniSat Wallet is currently undergoing financing with a valuation of $50 million. Some investors have been confirmed, and it is currently in communication with Binance Labs, but it has not been finalized.
Prior to this, the Bitcoin-inscribed wallet UniSat Wallet announced the launch of the Ordinals native Swap platform brc20-swap, where any user can deploy new trading pairs to provide liquidity for Swap.
Important Data
Data: About $38.17 million worth of OP and about $2.14 million worth of YGG unlocked this week.
Token Unlocks data shows that 5 cryptographic projects will unlock tokens this week, with a total value of approximately $43.72 million.
Acala token ACA will unlock 4.66 million (about $320,000) on July 25th at 08:00, accounting for 0.29% of the total supply;
Yield Guild Games token YGG will unlock 13.02 million (about $2.14 million) on July 27th at 22:00, accounting for 1.302% of the total supply;
SingularityNET token AGIX will unlock 9.97 million (about $2.34 million) on July 28th at 08:00, accounting for 0.498% of the total supply;
Galxe token GAL will unlock 586,670 (about $750,000) on July 29th at 20:00, accounting for 0.29% of the total supply;
Optimism token OP will unlock 24.16 million (about $38.17 million) on July 30th at 12:00, accounting for 0.56% of the total supply.
Data: A dormant Bitcoin wallet transferred 1,037 bitcoins, which were valued at $4.92 at the time of acquisition.
A dormant Bitcoin wallet transferred 1,037 bitcoins (worth approximately $31 million), and the on-chain analysis platform Lookonchain stated on July 22nd that this long-dormant address acquired 1,037 BTC on April 11th, 2012, when the price of BTC was only $4.92.
Data: a16z transferred 1,380 MKR to Coinbase and currently holds over 16,000 MKR.
Spot On Chain monitoring shows that a16z transferred 1,380 MKR (worth approximately $1.54 million) to Coinbase at a price of $1,115 11 hours ago. In the past week, a16z has been transferring MKR to Coinbase every day (a total of 9,223 MKR, with an average price of $1,055, approximately $9.73 million). a16z currently holds 16,536 MKR (worth approximately $17.62 million).
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