TON Society Partners with HumanCode for Revolutionary Identity Verification, Triggering Toncoin Surge

The TON Society and AI company HumanCode have joined forces to implement an identity verification mechanism using palm print technology. This initiative, incentivized with 1 million TON (approx. $5.9 million), aims to combat bots and introduce web3 identity to Telegram. HumanCode's palm scanning technology promises quick and accurate real-person verification across various devices and browsers, benefiting users from all backgrounds.

TON Society Embarks on Innovative Identity Verification Partnership with HumanCode

In a significant move to redefine online identity verification, The TON Society has forged a strategic partnership with HumanCode, a cutting-edge AI technology company. This collaboration ushers in a new era of secure and convenient identity confirmation, aiming to combat the rampant proliferation of bots and establish a trusted web3 identity framework for Telegram users.

1 Million TON Incentives for User Verification

To incentivize widespread adoption of this groundbreaking technology, the TON Society has allocated a massive 1 million TON, valued at approximately $5.9 million, to reward users who complete the verification process. These funds will be distributed among TON Society members upon successful confirmation of their identity using HumanCode's advanced palm print scanning technology.

Groundbreaking Palm Scanning Technology

HumanCode's palm scanning technology represents a paradigm shift in identity verification, offering a swift, highly accurate, and universally accessible method for real-person authentication. Seamlessly integrated across various smartphones and browsers, this technology recognizes all skin tones, ensuring inclusivity and accessibility for all users.

Significant Price Surge for Toncoin (TON)

In response to this exciting partnership, the Toncoin (TON) token experienced a sharp surge in value, ascending by 10.5% to reach a record high of $5.90. This surge propelled the market capitalization of TON to an impressive $20.2 billion, underscoring the immense potential of this innovative ecosystem.

Ecosystem Growth and User Participation

Earlier in March, TON developers announced the distribution of 30 million TON to users actively engaged in ecosystem projects. As of April 1st, the team embarked on the distribution process, empowering users with ownership and fostering a thriving community.

Privacy Concerns in Biometric Data Collection

While many herald the technological advancements offered by biometric data collection, it is essential to acknowledge the potential privacy concerns associated with such practices. Last year, Worldcoin, a cryptocurrency project utilizing iris scanning for identity verification, faced scrutiny in countries like Germany, France, the U.K., and Kenya for its data collection practices.

TON Society's Commitment to Privacy and Security

The TON Society places the utmost priority on safeguarding user privacy and security. In the development and implementation of this identity verification mechanism, the organization has taken significant steps to ensure compliance with all applicable data protection regulations.

Conclusion

The TON Society's partnership with HumanCode marks a transformative moment in the realm of online identity verification. By leveraging cutting-edge AI technology, the initiative aims to combat fraudulent activities, enhance user trust, and pave the way for a more secure and reliable web3 ecosystem. The generous incentives offered for user participation and the careful consideration of privacy concerns demonstrate the TON Society's unwavering commitment to innovation and user empowerment.