Humanode
Crypto Overview
Project Overview
Humanode is a biometric cryptocurrency network that aims to create a financial system based on crypto-biometric identification, implementing a 'proof of human existence' consensus mechanism. The project's core concept is to ensure one-human-one-node equality in the network through facial biometric verification.
Purpose and Utility
The primary purpose of HMND token is to serve as the native currency of the Humanode network, used for transaction fees, staking, and governance. The token enables participation in the network's unique biometric-based consensus mechanism.
Business Model Analysis
The business model appears transparent and focused on creating a legitimate blockchain infrastructure with unique biometric verification features. The project does not involve interest-bearing mechanisms, gambling, or other prohibited activities.
Development and Adoption
The project maintains active development, with regular updates to their biometric verification system and network infrastructure. While adoption is still in early stages, the project has demonstrated consistent progress in implementing its technological roadmap.
Token Distribution
The token distribution includes allocations for development, ecosystem growth, and community initiatives. There are vesting schedules in place for team tokens, suggesting a long-term commitment to the project.
Crypto Impact
To assign a comfort level investing in Humanode from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Humanode.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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