What occurs when biometric engineering is mixed with the blockchain? How will Humanode (HNMD) unlock a new chapter? Let’s come across out with Coinlive by the post under!
Humanode venture overview
What is Project Humanode?
Humanode is a monetary platform based mostly on blockchain engineering, supported and managed by nodes about the globe, made and maintained applying verifiable biometric identifiers.
The Humanode venture is the initial crypto-biometric network and is based mostly on the principle “one person = one node = one vote”.
Special attributes of the venture.
New working mechanism
Unlike the Proof of Stake or Proof of Work mechanisms, Humanode functions with a totally new mechanism, Proof of Uniqueness (evidence of uniqueness) and Proof of Existence (evidence of existence).
To apply and control a node on the Humanode network, validators need to go by an personal biometric authentication method to demonstrate that they are exceptional in this network.
A individual can build and control only 1 node, and each and every node has 1 vote in the program. The Humanode program does not care how a lot cash the Validator has or not, the place he lives, who, what race, creed, gender, class, social standing, nationality or visual appeal. All that issues to the Humanode program is regardless of whether the Validator is a human getting and is the only 1 that exists. Also due to the fact this exceptional mechanism generates electrical power by an even distribution of electrical power.
“You only have 1 vote, I only have 1 vote, we all have the same power”.
Also, if you are a scammer and intend to scam the complete venture, your biometrics will be blacklisted and fined dependent on the severity of the breach. In the worst situation, you will shed accessibility and the network.
Economic working prices
Another peculiarity of the Humanode venture is that the value of electrical power to run the network is reasonably minimal. The venture can control one hundred,000 total-time nodes (as of March 2022) with a value of .058 TWh / 12 months and only .065% of the operation of the Bitcoin network.
Humanode application and ecosystem
Humanode is an EVM compatible Substrate network. Compatibility with Ethereum indicates that any developer can conveniently transfer their sensible contracts on Ethereum to the decentralized chain managed by Humanode’s equality validators.
Additionally, by connecting Humanode from other EVM-compatible chains, the network will be in a position to manage biometrics and boost impersonation resistance for Dapp and other protocols. This opens up limitless prospects for specific use circumstances, this kind of as safe identification and anti-impersonation for the P2P industry, DID, NFT, Launchpad, Airdrop, and so forth.
Here are some examples of spouse application of Humanode engineering:
- Aikon / Ore ID (A DID and SDK for resource management) – makes use of Humanode’s biometric engineering for multichain consumer account registration process with no seed phrases.
- Ink.Finance (DAO framework) – Private biometric authentication to verify DAO participants.
Human token basicsode: HMND token
- Token identify: Umanode
- Ticker: HMND
- Blockchain: Umanode
- To contract: Updating
- Token kind: Utility, Governance
- Total provide: Updating
- Circulating provide: Updating
- Maximum provide: Updating
- Investment Round of the Angel: five%
- Round seed: 10%
- Strategy Round: 10%
- Public sale one: five%
- Public sale two: five%
- Public sale three: five%
- Core growth crew: eleven%
- Main growth crew soon after mainet: 9%
- Market maker: three%
- Reserve money: 24.five%
- Ecosystem Development Fund: 10%
- Participants in the network: .five%
- Main Network Validator: two%
Join the public sale of HMND tokens
Public Selling Price for HMND Token:
- alternative one – $ .01725 – one hundred% unlocked on TGE
- alternative two – $ .15 – unlock thirty% on TGE – Freeze up coming for six months – unlock slowly soon after up coming three months.
- Option three – $ .13 – unlock twenty% on TGE – Freeze up coming for twelve months – unlock slowly soon after up coming six months.
Sales openings to the public:
- six October 2022: Works for five days – Buy at least $ one hundred
- six October 2022: Works for seven days – Buy at least $ one hundred
- six October 2022: Works in seven days – Buy at least $ one hundred
HMND token payment system
Through the potential HMND token payment system, it is probable to figure out the vesting time period of 60 months and the start out of the TGE as October in accordance to the public sale system. So the milestones to view out for are February 2023, October ten-2025, October ten-2026, November-2026, and so forth.
Uses of the HMND token
The HMND token is the native token of the Humanode layer one blockchain. The venture totally supports sensible contracts operating on Ethereum and EVM compatible blockchains (EVM compatible chains).
However, HMND also supports biometric verification for each and every personal and also has a amount of makes use of as follows:
- Cost of the transaction
- Distribute and interact with sensible contracts
- Biometric verification: uniqueness and existence
- Data storage is based mostly on believe in among persons.
Project growth roadmap
The 1st quarter
- Testing biometric applications.
- Development of a biometric consensus mechanism.
- Start Aura Testnet and get more than one hundred validators.
- Start testnet for the 2nd time.
- He produced the Validator app and received much more than ten,000 attendees.
The 1st quarter
- Deploy the inner EVM virtual machine check network.
- Deploy the local community EVM virtual machine check network.
- Develop the Bioauth + BABE + Grandpa consent mechanism.
- Provide biometric login solutions.
- Renovation engineering.
The 1st quarter
- Derive the Fath algorithm.
- Private biometric distribution.
- Open supply implementation.
- Take the zero-know-how biometric check.
- Implement a value-based mostly pricing program.
The 1st quarter
- Humannode app launched
- It creates a pool of proposals
- Vortex DAO growth
- Development framework for developers
- Build a multimodal biometric safety program.
- BCL / Neuro-signature check for folks.
The major growth crew of the Humanode venture
Humanode is produced up of 21 crew members, respectively in operational and engineering teams, who function remotely globally from the United States, Italy, Ukraine, Venezuela, Pakistan, Georgia, Belarus, India, China, Indonesia, Singapore, Brazil and Japan . In which, the co-founder is produced up of three major members:
- Given Kavazi: Founder of Humanode, Director and Head of Strategy at Paradigm Research.
- Victor Smirnor: Founder of Humanode, Managing Partner and Head of Fundamental Analysis of Paradigm Research.
- MOZZIII: co-founder of Humanode.
In common, the members of the Humanode Project Founding crew come from the Paradigm Research fund.
Partners and traders in the venture
The money invested in the Humanode venture with the participation of Wintermute, Baryon Capital and Crypto.com are also of great high-quality. This increases the credibility and growth possible of the venture in the potential.
Coinlive feedback and summary on the Humanode venture, should really I invest in HMND tokens?
The Humanode venture introduces a totally new consensus mechanism as opposed to a consensus mechanism this kind of as Proof of Stake or Proof of Work. This will give Humanode a little something specific and exceptional, but it also comes with some compact issues this kind of as industry acceptance of the new mechanism. However, it can’t be denied that Proof of Uniqueness and Proof of Existence could alter the way blockchain functions in the potential.
Through this post, you need to have by some means grasped the essential details about the venture to make your investment choices. Coinlive is not accountable for any of your investment choices. I want you achievement and earn a whole lot from this possible industry.