What Is Worldcoin (WLD)? World ID, the Orb and Token Unlocks
Author: Crypffalo Research · 22:44 23/10/2026
Worldcoin (WLD) is the token of World Network, which verifies "real humans" with the Orb and World ID. How it works, World Chain, token allocation and unlock schedule, October 2026 data, and regulatory and dilution risks.
Worldcoin (WLD) is the token of World Network, built by Tools for Humanity to verify that someone online is a real human. Users scan their iris with an Orb device to receive a World ID, a digital identity that does not reveal their name.
In late October 2026, WLD traded around $0.53–0.54 with a market cap of about $2.07 billion. Only about 38% of the 10 billion maximum supply circulates; the rest unlocks gradually until 2038.
Quick summary
- World ID: proof of personhood from an iris scan by the Orb, used to sign in, claim tokens and fight bots.
- World Chain: an Ethereum layer 2 built on the OP Stack.
- Supply: 10B WLD maximum, about 3.82B circulating.
- Unlocks: tokens keep unlocking until 2038, so dilution pressure lasts.
- Regulation: some countries have suspended it or ordered deletion of biometric data.
What is Worldcoin?
As AI produces more content and fake accounts, proving "this is a real person" becomes valuable. World Network tackles this with the Orb, an iris-scanning device that creates a unique code for each person.
That code is not tied to a name or ID document. The World App stores the World ID, holds WLD and lets you use World ID to sign in to services.
Track WLD price, news and data on the WLD coin page.
World ID, the Orb and World Chain
- Orb: captures the iris and creates an identity code. A July 2026 report cited over 18 million Orb-verified users out of more than 39 million network joiners.
- World ID 3.0: launched in April 2026 with an account-based model.
- For institutions: on 20 October 2026, World introduced a World ID identity package for banks and financial firms at Money20/20.
- World Chain: an Ethereum layer 2 on the OP Stack, with USDC integrated since June 2025.
WLD allocation and unlock schedule
According to Tokenomist, the 10B WLD are split as follows:
| Group | Share |
|---|---|
| Community | 75% |
| Tools for Humanity investors | 13.78% |
| Initial development team | 10.02% |
| Tools for Humanity reserve | 1.2% |
- Circulating: about 3.82B WLD, roughly 38% of supply.
- Still locked: about 62%, unlocking until 2038.
- Near-term: CoinMarketCap reported an unlock of about 100M WLD (about $59M) on 24 October 2026, citing Tokenomics.com.
Unlock data sources sometimes disagree. Before a large unlock, double-check an unlock tracker and the vesting contracts.
WLD market snapshot, October 2026
- Price: about $0.53–0.54, roughly 95% below the $11.74 all-time high.
- Market cap: about $2.07B; fully diluted valuation about $5.3B.
- Volatility: up about 21% in a week, then down about 7% on 22 October.
The large gap between market cap and FDV is worth watching, because it reflects future supply.
Risks to know
- Dilution: about 62% of supply is still locked, with unlocks until 2038.
- Regulation and privacy: a Kenyan court ordered deletion of collected biometric data, Brazil banned paying crypto for biometric sign-ups, and Indonesia suspended operations in 2025.
- Value capture: how much value WLD captures from verification services is still unclear.
- Competition: other proof-of-personhood projects and identity systems.
- Crowded derivatives: when most accounts are long, price is easy to flush. Check Funding rate and Long/short ratio.
How to watch WLD before trading
- Watch WLD liquidations live on crypto liquidations, filtered to WLD.
- Read WLD's order book and aggressive buy/sell flow on DeepDom.
- Avoid opening large positions right before unlocks, and size with the position size calculator.
FAQ
Does Worldcoin store iris images?
According to the project, the Orb turns the iris image into an identity code and World ID is not tied to a name. Some regulators still question the biometric data and have imposed restrictions.
How much WLD is still locked?
About 62% of the 10B maximum, unlocking until 2038 based on October 2026 data.
Do unlocks push the price down?
Not necessarily. Unlocks increase sellable supply, but the effect depends on who receives the tokens and on demand at the time.
For information only, not financial advice.
Tags: Worldcoin, WLD, World ID, Altcoin, Token unlock, AI
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