The official business plan for WorldCoin is just so bizarre that it's easier to believe conspiratorial explanations -- e.g. that its primary goal is to collect

The official business plan for WorldCoin is just so bizarre that it's easier to believe conspiratorial explanations -- e.g. that its primary goal is to collect biometric data for some malign purpose, and the cryptocurrency is a post-hoc justification. Can the people that are being issued the WorldCoin cryptocurrency even use it in any practical terms? (The token with that name on CoinMarketCap is unrelated.) Is there even any way to verify that it's being issued?