Worldcoin invitation rewards changing from WLD to points. What can points be used for?
Worldcoin invitation rewards are changing!
Worldcoin is known for being beneficial to both the person who invites and the person who is invited.
Since this is set to change significantly in the future,
I hear many people asking, "What will happen to the 5,000 yen worth of WLD we used to get?" and "What can I do with these points?"
So, this time,
I will introduce the changes to the benefits you receive when you start by accepting an invitation.
By reading this article, you will be able to know the benefits you receive when you start by accepting an invitation.
Those who want to invite others will also understand the rewards they can receive.
Let's take a look together at the Worldcoin mini-app worldID rewards, which relate to the invitation benefits that will be changing in the future.
1⃣ Worldcoin invitation rewards
It seems that when you start Worldcoin by being invited by someone,
it will change so that you receive points instead.
Until now, it has been the case for a long time that if you accepted an invitation and started Worldcoin, you would receive an additional 5,000 yen worth of WLD.
However, it seems this was a type of campaign, and in the future, it is planned to no longer be the crypto asset WLD.
And what you will receive instead of WLD ispoints.
These points will be used within the official mini-app called"worldID rewards".
One thing you must not misunderstand is that this is only the additional reward portion; the portion that people who have just completed iris authentication receive as an initial bonus will remain as it has been.
You will also continue to receive the monthly WLD as before.
To summarize, what someone who starts Worldcoin by accepting an invitation will receive is
・25 WLD crypto assets
・4 points
・Monthly WLD
・1 point each for the first two months only
or something like that.
If you start without accepting an invitation,
・25 WLD crypto assets
・2 points
・Monthly WLD
・1 point each for the first two months only
This is only about the additional benefit portion when you start by accepting an invitation.
Furthermore, it seems that the benefits received by the person who invited will also be these points in the future.
It seems Japan is still in a transition period, so it looks like the inviter can still receive WLD for now.
Hearing that, what I'm curious about is,
"What can I use those points for? Is it a good deal?"
That's the point.
So, let's take a look at these points, which are the new additional rewards.
2⃣ Details of the worldID rewards mini-app that will change in the future
<Specific contents of the additional rewards>
To give you the conclusion right away, points are
"exchangeable for gift certificates, but the monetary value is lower."
Let's look at the specific gift certificates that can be exchanged.
・Starbucks: 700 yen = 1 point
・Tully's Coffee: 1,000 yen = 1 point
・hulu: 1,026 yen = 1 point
・Uber Eats: 3,360 yen = 2 points
・Uber Taxi: 3,360 yen = 2 points
*1,680 yen per point
・U-Next: 2,189 yen = 2 points
*1,094 yen per point
Looking at it purely on a monetary basis,
that comes out to 700 to 1,680 yen per point.
For the 2 points you get as an additional reward,
that's worth 1,400 to 3,360 yen.
Compared to the 5,000 yen worth we had before, it is cheaper on a monetary basis.
But it's not all bad news!
<Benefits of switching to points>
I'm sure many people think, "It's better to get 5,000 yen worth!"
but that's not the case for everyone.
Why?
Because
“the hurdle to cash out the crypto asset WLD is too high.”
Even for people who are reasonably well-versed in crypto assets, cashing out is extremely troublesome.
And many people without much knowledge exchange WLD for these gift certificates in other mini-apps.
But that exchange process is also quite troublesome.
Therefore, this change can also be interpreted as
“eliminating that hassle from the start.”
Many of the people who have recently become interested in Worldcoin are not crypto people, but people into point-earning activities.
How should they cash out the first crypto asset WLD they've ever touched?
In fact, there are scammers in Japan who approach users without knowledge, saying,
“I'll cash it out for you, so just give me a small fee,” and then run away with the funds after they are sent.
Even if you manage to get a lot of referral rewards, if you fall victim to a scam, it's the same as getting nothing.
Moreover, unlike theft, scam damages are not tax-deductible.
Having to pay taxes for the scammer is just adding insult to injury.
Granting points instead of WLD reduces the number of such people, so it actually has its merits.
Though for those who know the past, it is a bit sad that the benefits have dropped on a monetary basis.
But it's still a good deal, so rather than lamenting,
let's just accept it as "Lucky to get anything at all!"
Now, finally, let's end by looking at the part that says,
“Many people are complaining, but this is actually a move that responds to requests from the community.”
3⃣ This change is exactly what the community requested
Actually, this change can be said to be
“a change exactly as requested by us in the community.”
I, and perhaps you too, might think,
“I didn't make any such request💦,”
but in fact, there are many such voices in the community, especially overseas.
Currently, there is concern in the community that a large amount of the crypto asset WLD will be unlocked in July of this year and flow into the market.
That is causing a stir because the WLD price is falling.
Therefore, in the community,
“What are you going to do about the WLD price! Do something about the mechanism where the more users there are, the more WLD flows into the market and lowers the price! You scammers!!!”
aggressive complaints like this are erupting.
Especially among people overseas.
Yes, in other words, if we put emotions aside and organize only the content of the request, it is
“Reduce the amount of WLD flowing into the market!”
So, with this change, the additional WLD rewards are gone, so the amount of WLD flowing into the market will be significantly reduced as requested.
It is exactly as the community requested.
Surely it wouldn't be so unreasonable as to say,
“I don't care if the project collapses, just have the management buy back a huge amount and push up the price!”
So the management just responded to the request,
“We want you to reduce the amount of WLD flowing into the market.”
Thinking about it that way, if you are dissatisfied with the rewards becoming points, that dissatisfaction should be directed not at the management, but at
“the people who are complaining about the WLD price falling.”
By the way, the referral reward for the My Number Card seems to remain unchanged.
In other words, it seems that both the referrer and the person being referred can still receive it in the crypto asset WLD as before.
At least for now.
I don't know about the future.
That is all for this time.
Moving forward, invitation rewards will gradually be changed to points.
Please feel free to use this as a reference.
Also, if you would like to accept my invitation, please do so here.
This is my invitation link.
If you would like to continue receiving this kind of information in Japanese in the future, don't forget to follow me on X.
"Futahii | Worldcoin Information Provider"
See you again with the next update.