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Humanode Price

(HMND)

$0.001545
0.00%(5m)

1m5m15m1h8h1d1W
Humanode (HMND) Live Price Chart

    Humanode Live Price Data

    Humanode is currently trading at 0.001545, with a 24-hour trading volume of 15595592. Over the past 24 hours, the price of Humanode changed by -1.52%, and over the past week, its value in rose by +0.45%. The circulating supply of Humanode is 248,845,529 HMND, with a market cap of 381848.41420958379690382800 , down -1.52% in the last 24 hours. Humanode is ranked #2340 by market cap.

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    Note: This data is for reference only.
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    HMND(HMND) Profile

    altRank2340
    rate--
    Expand
    $0.0015
    $0.001581

    ATH
    $0.53171588
    Price Change (1h)
    +0.19%
    Price Change (24h)
    -1.52%
    Price Change (7d)
    +0.45%
    Market Cap
    24h Volume
    Circulating Supply
    248,845,529
    Max Supply
    400,000,000

    About Humanode

    • What Is Humanode (HMND) Crypto?

      Humanode is a substrate-based standalone Layer 1 that offers sybil-resistance through private decentralized biometric verification of human existence and uniqueness rather than relying on PoW and PoS. The platform ensures that each validator node is limited to one node, providing equal validation and voting power for all.

      Humanode's AI-powered facial recognition modules check for uniqueness and liveness, while biometric processing is conducted in a private and decentralized manner to protect personal information. The main goal of Humanode is to create a truly distributed, democratic, and Sybil-resistant blockchain Layer 1 owned by millions of human nodes in an equal share.

      HMND is the native token of the Humanode blockchain. It pays transaction fees, executes smart contracts, and supports private biometric computations.

    • How Does Humanode Work?

      Humanode is a unique network that uses human biometrics as its infrastructure. Instead of relying on Proof-of-Work (PoW) or Proof-of-Stake (PoS), Humanode uses a combination of Proof-of-Uniqueness and Proof-of-Existence to create a digital verification layer.

      The process of becoming a human node in the system involves undergoing a crypto-biometric authentication process that verifies the existence and uniqueness of a real human being. Only one node can be created per unique human being, and each node has one vote in the system.

      The system does not consider factors such as wealth, location, race, beliefs, gender, class, social status, nationality, or physical appearance. The only requirement is that the individual is a unique, registered, and living human being.

      In Humanode, each vote has equal power. This means that a malicious actor would have to track down and force many registered human nodes to vote in their favor to gain a majority of votes in the system. This is highly unlikely and unrealistic, making the system secure against attacks.

      If an individual attempts to scam the system, their biometrics will be blacklisted, and they will face penalties depending on the severity of the offense. In the worst-case scenario, the individual will lose all access to the network.

    • History of Humanode Network

      Dato Kavazi and Victor Smirnov, the co-founders of Paradigm, a deep-tech research institute, initially conceptualized the project. The first testnet of Humanode was launched in September 2021, followed by the second testnet in December.

      Humanode integrated FaceTec’s biometrics and liveness detection technology into its crypto-biometrics platform. They also partnered with Republic Crypto in 2021 for collaboration on strategic and technical initiatives and fundraising.

      The Humanode mainnet launched in November 2022. In the same month, Humanode announced a partnership with Math Wallet, a multi-platform crypto wallet that supports both Substrate and EVM chains, to support HMND tokens.

      In December 2022, Humanode partnered with Occam to launch an incubation initiative. The program would encourage developers to build and launch projects on the Humanode network.

    FAQ

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