TON Ecosystem Offers $5M in Toncoin For Palm-Scan Identity Verification
Summary:
Developers from The Open Network (TON) ecosystem are planning to incentivize users to verify their identity through palm scanning technology, using $5 million worth of Toncoin tokens. The voluntary identity validation project targets Telegram users and leverages technology by HumanCode. TON Society members who successfully complete a palm scan will gain rewards, and it's accessible to all by connecting a TON wallet to the community organization. This move comes after the TON Foundation assigned 30 million TON tokens for community rewards to enhance user adoption.
Developers within The Open Network (TON) ecosystem have earmarked $5 million in Toncoin tokens to encourage users to authenticate their identity via cutting edge palm scanning technology. TON Society, a collaboration of contributors and developers bolstering the TON ecosystem, will present 1 million Toncoins to users who partake in the voluntary humanproof program. The scheme aims to facilitate digital identity confirmation services for Telegram users over the upcoming five years. HumanCode's technology is utilized within the project to confirm users' human identity on the blockchain. The application, readily downloadable on the Google Play and Apple Store, enables users to scan their palms using a smartphone. Details shared with Cointelegraph suggest the technology ensures privacy protection and is compatible with multiple mobile devices. Ekin Tuna, TON Foundation's growth director, expresses support for humanproof protocols such as HumanCode and sees it as an advancement towards a functional reputation system with actual use scenarios for the TON ecosystem, saying that "a scalable, private, and decentralized identity will help to bring the first billion users to the Web3 system in Telegram." Rewards from HumanCode will be given to TON Society members who perform a palm scan and confirm their humanhood. Membership to the Ton Society is open to all and is obtained by linking a TON wallet to the community organization. Back in March, the TON Foundation set aside 30 million TON tokens (equivalent to roughly $115 million) for numerous community incentives to increase adoption. The bonuses are allocated into four different sections: TON valued at $38 million for token mining and user bonuses, $22 million for air drops, $15 million for the League developer ecosystem, and $40 million for liquidity pool augmentations. The Telegram Ad Platform, developed on the TON blockchain, officially launched in March 2024. The platform enables Telegram channel owners around the globe to earn financial rewards by exclusively marketing advertising and splitting revenue with channel owners in TON. AI hasn’t destroyed the metaverse, it will create it — Alien Worlds, Bittensor vs Eric Wall: AI Eye. This is an ongoing story. More details will be included as they emerge.
Published At
4/8/2024 12:05:30 PM
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