Humanode IDO

Humanode is a network based on cryptographically secure bio-authorized nodes. Using solutions that provide private search and matching operations and liveness detection algorithms, users will be able to deploy nodes to create a public permissionless financial network based on consensus between human nodes who share the fees and ownership of the network in an equal manner. 

Token Utility

HMND token is a native token of the layer-1 blockchain Humanode. It fully supports smart contracts run on Ethereum and other EVM-compatible chains.

However, it also supports private biometric computations. A short list of how HMND token can be used:

1. Transaction fees;
2. Deployment and interaction with smart contracts;
3. Private biometric checks - uniqueness and liveness;

Humanode network 

The Humanode network is a protocol that can prove one’s unique identity through private biometric authentication schemes and grant permission to launch a node and verify transactions running a public permissionless network based on collective human existence. The core stack of technologies enabling human node technology include:

Cryptobiometric blockchain protocol

Substrate:

1. Single node per person invariant (bio-authentication consensus)
2. EVM compatibility

Cryptobiometric neural networks:

1. Zero-Knowledge proven active and passive liveness Detection
2. ZK-proven encrypted face feature extraction
3. Distributed encrypted feature search and matching

Distributed economy:

1. Cost-based network fees
2. Fath as the monetary policy and algorithm targeting real value growth and proportional emission.

Humanode/Vortex DAO:

1. Proposal pool system
2. On-chain voting “Vortex”
3. Formation

Humanode has successfully closed its $2M seed round. Led by Republic Capital, the seed round was supported by institutions such as Tribe Capital, Blizzard — the Avalanche ecosystem fund, Wintermute, GravityX Capital, Shima Capital, Genblock, AU21, and StaFi, along with Polygon co-founders Jaynti Kanani and Sandeep Nailwal.