Can you redeem a Worldcoin grant?

Can you redeem a Worldcoin grant?

In a recent video transcript, it was mentioned that redeeming a Worldcoin grant is on the horizon. The WorldCoin app has notified users that redemption will soon be possible, but with one crucial prerequisite - a verified World ID.

The process starts with downloading the WorldCoin app, the platform through which users can reserve grants on a weekly basis. Creating an account within the app allows for grant reservation. However, the subsequent steps to claim these grants are somewhat complex.

To proceed, users must verify their World ID with a device called Orb. Orb reads biometric data to ensure that each World ID is unique to an individual. Here lies the tricky part: the Orb device is only available at select locations in a few countries. You can't simply purchase it on platforms like Amazon.

Even after successfully verifying your World ID through Orb, redemption is still not possible. The transcript mentions having $72 in WorldCoin grants, with details regarding the coin's market cap and volume. However, users are unable to take any actions with these grants at the moment.

The mention of "redeeming reservation is coming soon" suggests that the functionality will be added to the WorldCoin app in the future. However, it's worth reiterating that the verification process with Orb is still necessary to complete this redemption. Until this functionality is officially implemented, the grants will remain within the app, unable to be transferred to other wallets.

In conclusion, while the ability to redeem WorldCoin grants is on the horizon, it currently requires a verified World ID and the use of the Orb device for biometric authentication. The process is intricate, as users must locate a physical location offering the Orb device. Once verified, the grants can be held within the app, but will be unavailable for transfer until the redemption feature is activated.