What is Humanode? Learn about Humanode’s mechanism of action, its salient features, and the detailed economic model of the HMND token!

What is Humanode (HMND)?

Humanode is a blockchain based on the underlying mechanism of Polkadot but compatible with EVM. It is also the first biometric blockchain (also known as a crypto biometric network) in cryptocurrency, which includes biometric processes such as facial recognition and liveness detection AI.

The project is built on two consensus mechanisms: Proof of Uniqueness and Proof of Existence. By deploying nodes through this mechanism, validators need to use bio-cryptography combined with cryptography to confirm their unique existence in the Humanode network.

According to Humanode's vision, the team hopes that everyone in the world has the right to participate and have voting rights (1 person = 1 node = 1 vote).

Humanode's Products and Revenue

Products

Humanode's main product is blockchain. In the working model of blockchain, there are 4 parts:

  • node

  • Validator

  • BioAuth

  • EVM and Smart Contract Solutions

In addition, Humanode supports application chains, tools, and services for each user and development group (EVM Playground, Testnet Faucet, Substrate API, Humanode Truffle Box, claim, etc.).

Node 

The node includes the initiator and the distribution function. Among them:

  • A launcher is an application that supports a validator in launching and running a node.

  • Distribution is a deployment system based on distributed nodes such as cloud infrastructure and API.

Validator 

In the Humanode network, validators need to verify the active status before they can start the node. The validator needs to complete the following steps:

  • Register the user address into the Bioauth system.

  • Nodes are connected to addresses via keys.

  • Users need to perform biometric identification through Bioauth, and if successful, they will receive an authentication ticket.

  • Nodes that have expired but have not left the network will have their addresses removed from the validator list.

  • During this process, users can check whether they have been authenticated through the Polkadot.js App browser.

BioAuth

It is the guarantee mechanism behind each node in the Humanode network to determine the identity of the participants. Each person can only participate in the production, verification, and conflict resolution (consensus) of network blocks on a single node. In other words, to become a validator, participants need to follow the steps in Bioauth.

Participating in Humanode, each node is equipped with its own EVM, which will ensure the security and decentralization of the network. The project is also an EVM-compatible chain that can transfer tokens, create and call smart contracts.

On the other hand, Humanode provides biometric processing and Sybil resistance for many Ethereum-based decentralized applications (dApps): DeFi, GameFi, NFT solutions, DAOs, Metaverse, etc. Many other projects.

Humanode's income

The Humanode network did not mention project revenue.

Highlights of Humanode

Humanode has many unique features such as biometrics (bioauth), Sybil resistance, and helps ensure the operation of nodes (through verified validators). This model helps all users be treated equally and the validators are decentralized. After completing the Bioauth step, the user's information on Humanode will be safe, ensuring decentralization, and they can interact with the network without having to provide their identity.

Currently, the crypto model is dominated by many power players, which... The alternative (biometrics) can reorient the system away from technology management and blockchain monopoly, bringing true decentralization and democracy to the community.

What is the HMND Token?

Humanode’s blockchain is built on the Substrate mechanism (Polkadot), so when claiming tokens, the system requires the installation of the Polkadot.js wallet (see here for details).

However, the HMND token was sold in an IDO on BNB Chain. It is not clear on which chain Humanode is located, and the project has not released the smart contract details of the HMND token.

HMND Token Key Metrics

  • Token Name: Humanode

  • Token Symbol: HMND

  • Blockchain: Humanode

  • Token Contract: Updating...

  • Token Type: Utility, Governance

  • Total supply: 400 million HMND

  • Circulating Supply: Updating…

  • HMND Token Usage

HMND is the native token of the platform and is used for the following:

  • Transaction fees in Humanode.

  • Interact with smart contracts.

  • The token is also used by the protocol to govern the Humanode community.

HMND Token Distribution

HMND is distributed in the following proportions:

Token sale: 40%. This includes the following rounds:

  • Strategic round: 10%

  • Seed round: 10%

  • Angel round: 5%

  • Public Sale Option 1: 5%

  • Public Sale Option 2: 5%

  • Public Sale Option 3: 5%

  • Treasury: 27.5%

  • Core team: 11%

  • Ecological Fund: 10%

  • Wider team: 9%

  • Market makers: 2%

  • Testnet participants: 0.5%

Where to buy HMND tokens?

Currently, users can participate in the IDO form of purchasing HMND tokens through the following platforms:

  • Impossible Finance (Exchange Guide)

  • Thena

  • Ark Finance

  • Openswap

  • Camelot (IDIA on the Arbitrum Network)

  • BullPerks

  • A well-respected wallet for storing HMND tokens

  • updating...

Roadmap and Updates

The development roadmap of Humanode is outlined below:

In 2021, the project tested biometric applications, developed a biometric consensus mechanism, launched the Aura Testnet (with more than 100 validators), deployed a second testnet, and developed a validator application (with more than 10,000 participants).

In 2022, Humanode will launch an internal EVM virtual machine test network and deploy a community EVM virtual machine test network. At the same time, it will develop the Bioauth + BABE + Grandpa consensus mechanism to provide biometric access services. In the third quarter of 2022, the main network will be launched and errors will be fixed...

2023

  • Q1: Deployment of Fath algorithm

  • Q2: Private biometric distribution and open source deployment

  • Q3: Implementing zero-knowledge biometric testing

  • Q4: Implement a cost-based fee system.

2024

  • Q1: Release Humannode application, proposal pool, develop Vortex DAO and developer framework.

  • Q2: Building a multi-modal biometric protection system

  • Q3: BCL/Neurosignatures private testing.

project team

Co-founders: Data Kavazi, Victor Smirnov, MOZGIII

Core team：Dmitry Lavrenov，Henry Bee，Rafael，Hardik Gajera，Noah Corona，Max Litvinov，Wang Xing，Ming Dong，Aleksanr Neyasov...

Investors and partners

Investors and funding rounds

Since its inception, Humanode has successfully completed 2 rounds of Pre-seed and Seed financing, raising a total of US$3 million, led by leading investment funds Republic Capital, Tribe Capital, WinterMute, etc.

Partner

Projects working with Humanode include Avalanche, Aragon, Paradigm, Republic Crypto, Super Oracles, Ore Protocol, Aikon, Subsocial, Ink Finance, Proof of Humanity, Kleros, and FaceTec.

Similar Projects

Projects in the same field as Humanode include Ethereum, BNB Chain, Avalanche, etc.

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