Humanode Price
(HMND)
USD($)
Humanode (HMND) Live Price Chart
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Analysis
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Humanode Live Price Data
How do you feel about Humanode today?
Note: This data is for reference only.
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Bearish
Humanode(HMND) Profile
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$0.19153
$0.20957
$0.53171
-0.15%
+1.78%
-15.76%
$6.31M
$21,056
31,905,741
400,000,000
About HMND
How can I buy Humanode (HMND)?
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.
Humanode (HMND) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $0.00421 | 2.19% |
| 7 Days | $-0.03689 | -15.77% |
| 30 Days | $-0.08769 | -30.80% |
| 3 Months | $-0.11656 | -37.17% |
24H Investment Barometer
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Risk warning：Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
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FAQ
How much is 1 Humanode (HMND) worth?KuCoin provides real-time USD price updates for Humanode (HMND). Humanode price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time HMND to USD exchange rates.
Is Humanode a Good Investment?
Humanode is an interesting crypto asset in your portfolio, especially if you seek blockchain-based AI and deep-tech projects. As a highly innovative project, it stands out from most of the crypto market that is focused on delivering fintech and web3 solutions.
The Humanode price could increase as more users and developers use its network. The resulting uptick in on-chain activity can drive the value of HMND token higher.
The HMND token price can also strengthen amid positive sentiment in the crypto market. The bullish or risk-on mood among investors increases buying activity in the crypto market, supporting the HMND price statistics in the market.
What Is the Humanode Crypto Price Prediction?
While making an accurate HMND price prediction over time is impossible, you could monitor some key fundamentals to understand the Humanode price action and volatility better. These include:
Level of Use
As more users and developers access Humanode’s network and services, the value of its native token could increase. The higher on-chain activity could also boost investor confidence in the project and support the HMND price.
Future Upgrades
As the developers add more use cases for Humanode’s technology or roll out upgrades that make its ecosystem more attractive than competitors, the value of HMND crypto could increase. The price of Humanode crypto could also climb higher when the team announces more partnerships and investments.
Market Sentiment
Positive market sentiment towards cryptocurrencies in general and emerging areas like AI-based crypto projects could also play an essential role in driving bullish moves in the price of HMND crypto. However, bearish sentiment in the market or a risk-averse mood among global investors could cause selloffs that weaken the HMND to USD price in the market.
What Is HMND Token Used For?
$HMND is the native token of the Humanode ecosystem and has the following use cases:
Utility Token
HMND is used to pay transaction fees on the Humanode network, execute smart contracts, and perform private biometric computations. As Humanode’s utility token, $HMND facilitates various transactions and operations on the platform.
Incentive Token
Validator nodes within the Humanode network receive rewards in $HMND for their contributions. They help validate transactions and support the network’s operations, earning HMND tokens.
Crypto Asset to Trade and HODL
Consider trading Humanode (HMND) against other cryptocurrencies. You can buy or sell HMND, or hold it for the long-term if you believe in the potential of the Humanode project. Before trading, be sure to review the current price of HMND, its market cap, circulating supply, and 24-hour trading volume.
How Many HMND Coins Are There?
The total supply of HMND tokens is fixed at 400,000,000. According to the Humanode tokenomics, the HMND token distribution included assigning tokens to the treasury reserve, ecosystem fund, allocating tokens for funding rounds and public token sale rounds, issuing tokens to the project’s team members, testnet participants, market makers, and angel investors.
Who Are Humanode’s Partners and Investors?
Some investors in Humanode include Republic Capital, Wintermute, Tribe Capital, Genblock Capital, Baryon Capital, and Shima Capital. The project is also backed by Polygon co-founders Sandeep Nailwal and Jayanti Kanani.
Humanode’s partners include Avalanche, Ore Protocol, AIKON, SupraOracles, Ink Finance, Republic Crypto, Subsoil, Paradigm, Aragon, and more.
What is the all-time high price of Humanode (HMND)?
The all-time high price of Humanode (HMND) is $0.53171. The current price of HMND is down 0.63% from its all-time high.
What is the all-time low price of Humanode (HMND)?
The all-time low price of Humanode (HMND) is $0.01563. The current price of HMND is up 11.61% from its all-time low.
How much Humanode (HMND) is there in circulation?
As of 4 29, 2024, there is currently 31,905,741 HMND in circulation. HMND has a maximum supply of 400,000,000.
What is the market cap of Humanode (HMND)?
The current market cap of HMND is $6.31M. It is calculated by multiplying the current supply of HMND by its real-time market price of $6.31M.
How do I store Humanode (HMND)?
You can securely store your Humanode in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your HMND include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert USD Coin (USDC) to cash?
You can instantly exchange your USD Coin (USDC) for cash using KuCoin's Fast Trade feature. This feature enables you to convert USDC to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
Fear & Greed Index
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Fear22
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HMND/USDT1
$0.19701+1.78%
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2024-04-29 16:31:50 (UTC+8)
24h Volume1,294,754,086USDT