OpenAI creator launches Worldcoin
On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses the launch of the Worldcoin token by OpenAI creator Sam Altman and why it's controversial. In the latest episode of "The Market Report," analyst and writer Marcel Pechman discusses the Worldcoin token launch , why it is controversial, and the differences between it and most altcoins. According to the Analysis , investors should take time to understand the project before even considering an investment. Looking at the tokenomics of the Worldcoin token, launch ed on July 24, there are two absolute outliers. Firstly, the extremely high volume overtook the market cap, as the token reportedly traded 1.6 times its entire capitalization in the first 24 hours. How’s that even possible? According to Pechman, one must understand that the project has lent 100 million tokens to market makers. Only 8 million coins were handed out to users, who may or may not have flipped their positions, but this do...