The Worldcoin project aims to establish the world's most expansive identity and financial network as a public utility, ensuring universal ownership. Central to the Worldcoin ecosystem is World ID, a globally applicable identity network that prioritizes user privacy. World ID allows individuals to verify their humanity online through "Proof of Personhood" while safeguarding their privacy via zero-knowledge proofs. To participate in the Worldcoin protocol, individuals must initially download the World App, the inaugural wallet app supporting World ID creation. Users then visit a physical imaging device known as the Orb for World ID Orb verification. These Orbs are predominantly operated by a decentralized network of local businesses termed Orb Operators. Utilizing multispectral sensors, the Orb validates human uniqueness, with all imagery promptly deleted on-device by default unless explicit consent for Data Custody is provided. Individuals possessing Orb-verified World IDs are eligible to claim recurring grants of free WLD tokens (please refer to the Worldcoin Tokenomics section of the project's whitepaper for details, as WLD tokens are not available in the US). This initiative has the potential to distribute WLD tokens widely, potentially becoming the most widely distributed digital currency. The WLD token functions as a utility token with governance capabilities, empowering users to influence the protocol's future. In addition to conventional "one-token-one-vote" governance mechanisms, the introduction of World ID enables "one-person-one-vote" mechanisms. These governance mechanisms may be combined to introduce novel governance approaches. Following the protocol's launch, the Worldcoin Foundation will seek proposals and collaborate with the community on integrating World ID and the WLD token into Worldcoin's governance model (refer to the project's whitepaper for details on governance and decentralization). The token's utility will be determined by the user community, with potential use cases extending beyond governance. For instance, users might opt to utilize the WLD token for specific actions within the World App or other wallet apps, make payments, or express support for particular initiatives or causes. WLD operates as an ERC-20 token on Ethereum, and users will receive their user grants on the Optimism Mainnet. Consequently, the majority of WLD transactions are expected to occur on the Optimism network.