Simply days after its mainnet went reside, Humanity Protocol’s H token has spiked almost 400% on the week to a $1 billion absolutely diluted valuation (FDV).
A decentralized identification protocol, Humanity makes use of palm scans to confirm identification with a really excessive diploma of accuracy. Initially, this may be performed with an app utilizing a smartphone’s digital camera; nonetheless, in later phases, Humanity will roll out particular scanners that make the most of infrared expertise to scan palm veins for much more correct outcomes. These shall be appropriate for companies and different public makes use of.
Humanity claims 800,000 customers have signed up for Human ID with their palm scans. The H token has surged by 40% previously 24 hours.
H Market Cap
Fairdrops
A Layer 2 blockchain constructed on Polygon, Humanity makes use of a palm scan-based Proof-of-Humanity consensus mechanism, which employs zero-knowledge proofs to guard customers’ non-public data whereas permitting them to confirm that they don’t seem to be bots or impostors. Solely the consumer has full entry to their private data.
Its June 26 H token launch got here a day after early customers and supporters might declare their H tokens through a “Fairdrop” that used Humanity’s scanning expertise to make sure solely people obtained tokens, not bots or individuals with a number of pretend identities, or sybils.
“Most airdrops get farmed by bots. Most tokens go to the mistaken individuals. We’re fixing that,” Humanity Protocol stated on X. It was the inaugural consumer of its Fairdrops platform, which it calls “the primary actually honest airdrop platform.”
