The frauds of Worldcoin to recruit its first half a million test users

cnbctv18.com:

If an unknown organisation offered you an arbitrary amount of money to have your face and eyes scanned so that they could create a global database, what would you do? Would you accept the money without worrying about the consequences, or would you immediately label it as a fraud?While it sounds incredibly vague, this is exactly what the cryptocurrency project Worldcoin is doing right now. It is offering $20 worth of its native token, Worldcoin (WLD), to volunteers willing to provide their biometric data to the network.

More specifically, the project is looking to scan the eyes of the world's population to create a comprehensive global database.It has already scanned the eyes of half a million people worldwide, mostly from developing or third-world countries in Asia and Africa. And the money they are offering has no current real-world value, as the project's native token has not yet been listed on any exchanges.

According to Buzzfeed news, many of the people who have had their biometric data collected and those conducting operation have claimed that the organisation has scammed them.The goal of WorldcoinAs per the website, the project is a "collectively owned global currency that will be distributed fairly to as many people as possible." The project is backed by renowned venture capitalists Andreessen Horowitz and Khosla Ventures in Silicon Valley.Also Read: Crypto crime in India on the rise: A look at major scams in recent yearsIt aims to increase cryptocurrency adoption globally and create the world's biggest cryptocurrency network. One of its goals is to provide people with a Universal Basic Income through its crypto token, Worldcoin or WLD.