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The Tools for Humanity project has completed the development of its own blockchain, marking an important milestone in its evolution. However, several users have reported problems with losing tokens or difficulties receiving them on their exchanges.
Since its inception, WorldCoin ($WLD) has operated on Ethereum’s layer-2 network, Optimism, known for its fast transactions and low remittance fees. Recently, the company has taken it a step further by developing its own blockchain.
Incentives and benefits for verified users
Part of its strategy has been to incentivize verified users through Orb, offering the possibility of sending tokens without commissions, which facilitates adoption by new users, especially those with little experience in blockchain. This has been key to the expansion of the project.
Strategic alliances and profits
Since its inception, the project has sought to create an ecosystem focused on “real people,” particularly in the context of artificial intelligence (AI) and digital identities. The implementation of the “proof of humanity” has allowed for the establishment of strategic alliances with projects plagued by bots, seeking a cleaner ecosystem and tangible benefits for real users.
Token gifts and referrals
One of the most popular initiatives has been the creation of a sort of universal basic income, which has attracted almost 7 million verified users and almost 10 million who use the wallet for payments and savings. In addition, the possibility of obtaining rewards by inviting new users or acquiring an Orb has driven the exponential growth of the project.
The new era: own blockchain
The company recently launched its layer-2 blockchain on Ethereum, aiming to build an ecosystem of Dapps and DeFi protocols. Verified users receive benefits such as free fees, while unverified users are required to pay fees in WLD. The Worldchain mainnet is already live, and migrating tokens to the new network takes just a few seconds.
Communication problems and confusion
Despite these advances, communication from Tools for Humanity has been poor. Clear instructions on how to set up the network on wallets like Metamask or Trust Wallet have not been provided, and many exchanges still do not support it. This has led to confusion and issues, especially when trying to receive tokens on Binance, as the addresses remain the same as Optimism’s. In many cases, tokens sent to the wrong address risk being lost.
Recommendations
Users are advised to avoid sending tokens until there is greater clarity from WorldCoin or exchanges regarding the onboarding and support of the new chain.
Conclusion
Despite these challenges, the creation of its own blockchain represents a major step forward for Tools for Humanity. The network offers exclusive benefits for verified users and solves fundamental problems in the crypto space, such as bot abuse. The WLD token, as a governance token, will see an increase in demand both to pay fees and to be used in future liquidity pools. This cements Worldchain as an innovative solution that promotes transparency and safer use of the blockchain in the real world.
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