Binance has recently been quite active regarding a new token called H (Humanity Protocol). It appears to be a major listing and has garnered significant attention.
Here's a summary of what Binance articles and related sources indicate about the H Token:
Key Information about H Token (Humanity Protocol):
* Native Token of a zkEVM Layer 2 Chain: H Token is the native token of a zkEVM (Zero-Knowledge Ethereum Virtual Machine) Layer 2 chain built on Polygon CDK.
* Decentralized "Proof of Humanity" (PoH) Consensus: It pioneers a decentralized "Proof of Humanity" (PoH) consensus mechanism. This uses palm print/palm vein recognition combined with zero-knowledge proofs for Web3 identity verification, which can be done via smartphone or dedicated hardware.
* Purpose: The core aim is to combat "bots creating small accounts to spam airdrops and manipulate votes" in the crypto world by verifying real human users.
* Use Cases:
* DeFi anti-Sybil attacks
* Unique Web3 governance identities
* Social media fact-checking
* After mainnet launch: governance, staking, and validation services.
* Strong Backing: Founded by Terence Kwok, in collaboration with Animoca Brands and Polygon. It secured $30 million in seed funding, with a valuation of $1 billion.
* Testnet Success: Attracted 150,000 participants in two phases of its testnet.
* Total Supply: 10 billion H tokens.
* Initial Circulation: 21.5% (2.15 billion tokens).
Protocol) token, highlighting its innovative approach to Web3 identity verification and its strong backing within the industry.
