Worldcoin Tokenomics Scream “Slow Rug Pull” As Critics Blast Privacy Violations

Journalist WuBlockchain, recently shed light on the questionable tokenomics of the Worldcoin project.

In recent developments, Worldcoin’s team and a prominent investor, identified by the address 0x0D4…CcE7, have been actively distributing WLD tokens. Today, a significant amount of 90 million WLD tokens were transferred to 8 new addresses.

Over the past few days, there has been a noticeable surge in the distribution activity from this address. Approximately 248 million WLDs have been distributed to 26 investor addresses. Notably, a hefty sum of 75 million WLDs was sent to the 3AC address (0xC7…3741).

Despite these large distributions, the 0x0D4…CcE7 address remains a major holder in the Worldcoin ecosystem, retaining a staggering 1.252 billion WLDs.

The primary concern revolves around the tokenomics of the Worldcoin (WLD) coin. The structure suggests a slow dump on its holders, which could lead to significant losses for those who have invested in the project. Such tokenomics are often seen as a red flag in the crypto community, as they can be indicative of a lack of long-term vision and sustainability for the project.

Trade on US-Banned Exchanges With No KYC 🤫

Tired of missing hot new listings because your favorite exchange is banned in the US? 🇺🇸

With RocketXchange you can finally trade on Kucoin, ByBit and more without registration or KYC! 🙌

Simply connect your wallet to access every coin. No VPN needed.

Seamlessly bridge between EVM, Solana, Cosmos and 100+ chains. Discover the next crypto gem with low fees.

Take your trading to the next level with:

  • Instant access to banned CEXs 🚫
  • No KYC required 🙅‍♂️
  • Trade on your terms – no registration required
  • Maintain full custody – tokens stay in your wallet
  • Access liquidity across leading DEXs and CEXs
  • Bridge assets quickly between any blockchain

Escape CEX limits today with RocketXchange!

Show more +

Privacy Concerns Galore

Adding to the skepticism surrounding Worldcoin, authorities from various countries have raised alarms over the project’s approach to user privacy. Here’s a breakdown of the concerns:

  1. Argentina’s Probe: The Agency for Access to Public Information (AAIP) in Argentina announced on Aug. 8 that it was investigating Worldcoin’s methods of collecting, storing, and using customer data. The primary goal is to ensure the project’s compliance with the nation’s security and privacy regulations.
  2. Retinal Scans: Worldcoin’s unique approach to user verification involves retinal scans. While innovative, this method has raised eyebrows and concerns about user privacy. Over 2 million accounts registered with Worldcoin before its token launch in July, lured by the promise of this new technology.
  3. Germany and France’s Concerns: Post the distribution of retinal scanners, Germany’s Bavarian State Office for Data Protection Supervision initiated an investigation over potential privacy breaches. Similarly, the French National Commission on Informatics and Liberty labeled Worldcoin’s data collection methods as “questionable.”
  4. Kenya’s Stance: On Aug. 2, Kenya’s minister of internal security declared a suspension of Worldcoin’s operations in the country. This decision was made to evaluate any potential risks the project might pose to Kenyan residents. Following this, on Aug. 7, Kenyan police reportedly raided a Worldcoin property, confiscating equipment that might have stored user data.

We recommend eToro

74% of retail CFD accounts lose money.
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy thetrades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of


Sarah Wurfel
Sarah Wurfel

Sarah Wurfel works as a social media editor for CaptainAltcoin and specializes in the production of videos and video reports. She studied media and communication informatics. Sarah has been a big fan of the revolutionary potential of crypto currencies for years and accordingly also concentrated on the areas of IT security and cryptography in her studies.

We will be happy to hear your thoughts

Leave a reply