{"id":544295,"date":"2023-07-25T16:30:46","date_gmt":"2023-07-25T16:30:46","guid":{"rendered":"https:\/\/wncen.com\/?p=544295"},"modified":"2024-06-11T08:09:27","modified_gmt":"2024-06-11T08:09:27","slug":"worldcoin-founders-token-distribution","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/worldcoin-founders-token-distribution\/","title":{"rendered":"Worldcoin Founder\u2019s Refusal To Answer Token Distribution Question Sparks Controversy"},"content":{"rendered":"

Worldcoin co-founder Alex Blania’s recent refusal to disclose the token\u2019s distribution model has raised some eyebrows, including that of John Deaton, who has expressed his dismay at his action.<\/span><\/p>\n

Something Fishy With Worldcoin?<\/h2>\n

A <\/span>video<\/span><\/a> surfaced on Twitter in which Alex Blania, during a recent Bankless interview alongside fellow co-founder Sam Altman, refused to respond to the host\u2019s question on Worldcoin\u2019s token distribution, citing the regulatory uncertainty in the US as why he couldn\u2019t answer the question.\u00a0<\/span><\/p>\n

Related Reading: Binance Announces Listing Of Sam Altman\u2019s Worldcoin, Opens Deposits<\/a><\/div>\n

The Twitter user (@Pledditor) posted the video with the <\/span>caption<\/span><\/a>:<\/span><\/p>\n

\u201cWhen a crypto founder refuses to answer questions about token distribution\ud83d\udea9\ud83d\udea9\ud83d\udea9\u201d<\/span><\/i><\/p>\n

In the video, the host asks Blania to explain the distribution of the WLD token and Blania is quoted as saying: <\/span>\u201cLook, many of the details we can\u2019t talk about here for the regulatory uncertainty in the United States.\u201d\u00a0<\/span><\/p>\n

The video quickly went viral and sparked controversy as to whether Worldcoin was just another \u2018ponzinomics\u2019 or, indeed, Alex Blania was honest about why he couldn\u2019t answer the question.\u00a0<\/span><\/p>\n

However, renowned crypto lawyer John Deaton, who represents some XRP holders, quickly reacted to the video in a tweet.<\/span><\/p>\n

Deaton\u2019s <\/span>tweet<\/span><\/a> read:<\/span><\/p>\n

Wtf did this dude just say?\u00a0 Did he literally say that he can\u2019t talk about how WorldCoin is distributed \u201cbecause of the regulatory uncertainty\u201d in the United States? \ud83e\udd26\u200d\u2642\ufe0f\u00a0<\/span><\/p>\n

If there was ever a signal to RUN AWAY as fast as you can from a project, HERE IT IS. Is he saying he can\u2019t tell you how to acquire it or what you\u2019re acquiring because he might get sued? \ud83e\udd37\u200d\u2642\ufe0f\u00a0<\/span><\/p>\n

Now that I think of it, is he being smart and just following legal advice or is he a moron. \ud83e\udd37\u200d\u2642\ufe0f\u00a0<\/span><\/p><\/blockquote>\n

Deaton stated that Blania\u2019s action was enough reason for investors to run away from the project. However, the SEC and its Chair Gary Gensler weren\u2019t spared from Deaton\u2019s wrath as he also slammed them for their role in creating a state of turmoil regarding the regulatory environment in the crypto space.\u00a0<\/span><\/p>\n

\u201cBut this is an example of the chaos caused when you have bad faith regulators like\u00a0<\/span>@GaryGensler intentionally keeping the regulatory environment as unknowable,\u201d Deaton said.<\/span><\/p>\n

A Bad Start For WLD?<\/h2>\n

This development comes less than 48 hours after the launch of Worldcoin\u2019s highly-anticipated WLD token. There were, however, some positives for the token as leading crypto exchanges like Binance, Gate.io, and KuCoin were quick to list it upon launch.\u00a0<\/span><\/p>\n

\"Worldcoin<\/p>\n

WLD price recovers above $2.2 | Source: WLDUSD on Tradingview.com<\/a><\/pre>\n
Founded by OpenAI\u2019s CEO Altman, Worldcoin aims to solve the problem of differentiating between humans and bot-related projects. This problem has stemmed from the growing use of artificial intelligence in almost all spheres of life. The team plans to resolve this by giving humans unique digital identities to differentiate them from artificial intelligence algorithms.\u00a0<\/span><\/p>\n
Related Reading: Elon Musk Incorporates Dogecoin Symbol In Twitter Bio, Triggering 5% Increase In Price<\/a><\/div>\n
The WLD token spiked to as high as $3.30 upon launch. However, it seems the token\u2019s price has negatively reacted to the issue of its token distribution and other privacy concerns as it dumped to as low as $1.66 on Monday, according to data from <\/span>CoinGeko<\/span><\/a>. WLD is currently trading at around $2.12 at the time of writing, with a 16% decrease in the last 24 hours.<\/span><\/p>\n
Featured image from Altcoin Buzz, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Worldcoin co-founder Alex Blania’s recent refusal to disclose the token\u2019s distribution model has raised some eyebrows, including that of John Deaton, who has expressed his dismay at his action. Something Fishy With Worldcoin? A video surfaced on Twitter in which Alex Blania, during a recent Bankless interview alongside fellow co-founder Sam Altman, refused to respond to the host\u2019s question on Worldcoin\u2019s token distribution, citing the regulatory uncertainty in the US as why he couldn\u2019t answer the question.\u00a0 Related Reading: Binance Announces Listing Of Sam Altman\u2019s Worldcoin, Opens Deposits The Twitter user (@Pledditor) posted the video with the caption: \u201cWhen a crypto founder refuses to answer questions about token distribution\ud83d\udea9\ud83d\udea9\ud83d\udea9\u201d In the video, the host asks Blania to explain the distribution of the WLD token and Blania is quoted as saying: \u201cLook, many of the details we can\u2019t talk about here for the regulatory uncertainty in the United States.\u201d\u00a0 The video quickly went viral and sparked controversy as to whether Worldcoin was just another \u2018ponzinomics\u2019 or, indeed, Alex Blania was honest about why he couldn\u2019t answer the question.\u00a0 However, renowned crypto lawyer John Deaton, who represents some XRP holders, quickly reacted to the video in a tweet. Deaton\u2019s tweet read: Wtf did this dude just say?\u00a0 Did he literally say that he can\u2019t talk about how WorldCoin is distributed \u201cbecause of the regulatory uncertainty\u201d in the United States? \ud83e\udd26\u200d\u2642\ufe0f\u00a0 If there was ever a signal to RUN AWAY as fast as you can from a project, HERE IT IS. Is he saying he can\u2019t tell you how to acquire it or what you\u2019re acquiring because he might get sued? \ud83e\udd37\u200d\u2642\ufe0f\u00a0 Now that I think of it, is he being smart and just following legal advice or is he a moron. \ud83e\udd37\u200d\u2642\ufe0f\u00a0 Deaton stated that Blania\u2019s action was enough reason for investors to run away from the project. However, the SEC and its Chair Gary Gensler weren\u2019t spared from Deaton\u2019s wrath as he also slammed them for their role in creating a state of turmoil regarding the regulatory environment in the crypto space.\u00a0 \u201cBut this is an example of the chaos caused when you have bad faith regulators like\u00a0@GaryGensler intentionally keeping the regulatory environment as unknowable,\u201d Deaton said. A Bad Start For WLD? This development comes less than 48 hours after the launch of Worldcoin\u2019s highly-anticipated WLD token. There were, however, some positives for the token as leading crypto exchanges like Binance, Gate.io, and KuCoin were quick to list it upon launch.\u00a0 WLD price recovers above $2.2 | Source: WLDUSD on Tradingview.com Founded by OpenAI\u2019s CEO Altman, Worldcoin aims to solve the problem of differentiating between humans and bot-related projects. This problem has stemmed from the growing use of artificial intelligence in almost all spheres of life. The team plans to resolve this by giving humans unique digital identities to differentiate them from artificial intelligence algorithms.\u00a0 Related Reading: Elon Musk Incorporates Dogecoin Symbol In Twitter Bio, Triggering 5% Increase In Price The WLD token spiked to as high as $3.30 upon launch. However, it seems the token\u2019s price has negatively reacted to the issue of its token distribution and other privacy concerns as it dumped to as low as $1.66 on Monday, according to data from CoinGeko. WLD is currently trading at around $2.12 at the time of writing, with a 16% decrease in the last 24 hours. Featured image from Altcoin Buzz, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":544311,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,88697,88685,88696,83778],"class_list":["post-544295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-tokenomics","tag-wld","tag-wld-tokenomics","tag-worldcoin"],"acf":[],"yoast_head":"\nWorldcoin Founder\u2019s Refusal To Answer Token Distribution Question Sparks Controversy<\/title>\n<meta name=\"description\" content=\"Worldcoin co-founder Alex Blania's recent refusal to disclose the token\u2019s distribution model has raised some eyebrows, including that of John Deaton, who\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Worldcoin Founder\u2019s Refusal To Answer Token Distribution Question Sparks Controversy","url":"http:\/\/wncen.com\/news\/worldcoin-founders-token-distribution\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/worldcoin-founders-token-distribution\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Worldcoin-WLD-1.jpeg?resize=200%2C163","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Worldcoin-WLD-1.jpeg?fit=310%2C163"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","tokenomics","wld","wld tokenomics","worldcoin"],"dateCreated":"2023-07-25T16:30:46Z","datePublished":"2023-07-25T16:30:46Z","dateModified":"2024-06-11T08:09:27Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Worldcoin Founder\\u2019s Refusal To Answer Token Distribution Question Sparks Controversy\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/worldcoin-founders-token-distribution\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/worldcoin-founders-token-distribution\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/Worldcoin-WLD-1.jpeg?resize=200%2C163\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/Worldcoin-WLD-1.jpeg?fit=310%2C163\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"tokenomics\",\"wld\",\"wld tokenomics\",\"worldcoin\"],\"dateCreated\":\"2023-07-25T16:30:46Z\",\"datePublished\":\"2023-07-25T16:30:46Z\",\"dateModified\":\"2024-06-11T08:09:27Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Worldcoin-WLD-1.jpeg?fit=310%2C163","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/544295"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=544295"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/544295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/544311"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=544295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=544295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=544295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}