Idena

Purpose and Utility

Idena is a proof-of-person blockchain platform that aims to create a decentralized system for human identity verification. The network validates unique human participation through AI-resistant CAPTCHA-like image flipbook tests, ensuring one-person-one-vote principle.

Business Model

The platform rewards participants (called 'identities') for validating other users through regular validation ceremonies. Users solve visual puzzles to prove their humanity and validate others, receiving IDNA tokens as rewards. This creates a network of verified human participants.

Real-World Adoption

As of 2024, Idena has over 12,000 validated identities participating in regular validation ceremonies. The network conducts bi-weekly validation ceremonies where participants must solve flip-tests simultaneously.

Platform Development

The project maintains active development with regular updates to its core protocol. The GitHub repository shows consistent commits and improvements to the validation mechanism and network infrastructure. The team regularly publishes technical updates and maintains transparency in development progress.

Token Distribution

IDNA tokens are primarily distributed through mining rewards to validated identities. There was no ICO or pre-mine, suggesting a fair launch model. The token distribution appears relatively decentralized among network participants.

Revenue Model

The platform's revenue model is based on rewards for participation in validation ceremonies and securing the network. It does not involve interest-bearing mechanisms or prohibited activities under Islamic law.