OKX, a major cryptocurrency exchange and Web3 technology provider, has announced the listing of Worldcoin (WLD), the native token of the Worldcoin protocol. Worldcoin is an open-source initiative co-founded by Sam Altman, the CEO of OpenAI and creator of ChatGPT.
Deposits for WLD opened at 07:00 UTC on the listing day. Trading for the WLD/USDT spot pair began shortly after, once sufficient deposits were received. Withdrawals for WLD were enabled at 10:00 UTC on the following day.
This listing coincided with OKX's promotional campaign offering zero trading fees on all spot and derivatives markets, which ran from July 6 to August 5, 2023. During this period, users could trade WLD and other listed tokens without incurring standard trading fees.
Worldcoin aims to create a global, privacy-focused digital identity system and a widely accessible currency. The WLD token is designed to facilitate payments, purchases, and transfers. It also grants holders a degree of influence over the future development of the Worldcoin protocol.
Understanding the Worldcoin (WLD) Listing
The addition of WLD to a major exchange like OKX provides increased accessibility and liquidity for the token. It allows a broader user base to trade and interact with this new digital asset.
Key Dates and Trading Information
For traders interested in the WLD token, the key timeline was as follows:
- Deposits opened: 07:00 UTC on listing day
- Trading began: Shortly after, once deposit requirements were met
- Withdrawals enabled: 10:00 UTC on July 25, 2023
The pairing available was WLD/USDT, allowing users to trade Worldcoin against Tether's stablecoin.
Benefits of the Listing during the Fee Promotion
A significant advantage for early traders was the timing of the listing within OKX's zero-fee trading window. This promotion removed a common barrier to entry, enabling users to:
- Execute trades without the cost of trading fees.
- Explore the new token's market dynamics with lower overhead.
- Participate in both spot and derivatives markets for WLD without fee concerns.
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Frequently Asked Questions
What is Worldcoin (WLD)?
Worldcoin (WLD) is the native cryptocurrency of the Worldcoin protocol, a project focused on establishing a global digital identity and financial network. It is designed to be used for payments, transfers, and governance within its ecosystem.
Who founded the Worldcoin project?
Worldcoin was co-founded by Sam Altman, who is also widely known as the CEO of OpenAI and the creator of the ChatGPT AI platform. The project is built as an open-source protocol.
How could I trade WLD on OKX without fees?
OKX was running a limited-time promotion offering zero trading fees on all spot and derivatives markets. Since the WLD listing occurred during this campaign period, users were able to trade it without paying standard transaction fees.
What is the utility of the WLD token?
The WLD token is intended to serve as a global currency for payments and transfers within the Worldcoin app. It also aims to provide utility and grant holders some level of participatory influence over the protocol's future direction.
Is OKX a regulated exchange?
OKX operates a globally recognized exchange and has taken steps to comply with regulations in various jurisdictions. This includes securing registrations and operating through regulated entities in several European markets, underscoring its commitment to compliance.
Where can I learn more about new token listings?
Staying updated on exchange announcements through their official blogs or news sections is the best way to learn about new token listings, trading promotions, and other important updates directly from the source.