Humanbound

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Frequently asked questions

What is Humanbound for?

Humanbound is a new Web3 identity primitive that allows smart contract-based applications to securely interact with human identities while protecting user privacy through off-chain data storage. It is a non-transferrable token attached to a real and unique human, not just their wallet. Humanbound provides on-chain composability and easy integration using ERC721, secure key rotation through multi-factor authentication, data privacy and ownership through secure off-chain data encryption and storage, and sybil protection by binding tokens to a verified human identity. It is used for fair airdrops, voting, incentives, faucets, and plug & play applications.

How does Humanbound ensure data privacy?

Humanbound ensures data privacy through off-chain data storage and secure off-chain data encryption. User data is never stored on-chain, and it never leaves a secure data vault. Additionally, Humanbound tokens are proofs of personhood bound to a real and unique human, providing sybil resistance and protecting user privacy. The platform also implements robust identity verification through KYC and uses multi-factor authentication (MFA) for secure key rotation.

What are the main features of Humanbound?

The main features of Humanbound are:

1. Non-transferrable token: Humanbound tokens cannot be transferred from a human to another human or from a wallet to another wallet.

2. Secure interaction with human identities: Humanbound allows smart contract-based applications to securely interact with human identities while protecting user privacy through off-chain data storage.

3. Connect on- and off-chain: Humanbound enables on-chain composability and easy integration using ERC721. It allows for secure key rotation, where tokens are controlled through multi-factor authentication (MFA) instead of just keys.

4. Data privacy and ownership: Humanbound ensures secure off-chain data encryption and storage, protecting user data privacy. No sensitive data is stored on-chain, and user data never leaves a secure data vault.

5. Sybil Protection: Humanbound tokens serve as proofs of personhood bound to a real and unique human. Duplicate checks guard against Sybils, and each human is assigned a unique identifier.

6. Robust identity verification: Humanbound implements robust identity verification through Know Your Customer (KYC) processes, including liveness detection. It also utilizes ownership verification through SMS One-Time Passwords (OTP) tied to verified identities.

7. Technology development stages: Humanbound has completed technology development stages, including verified identity and on-chain representation through the Humanbound token. Future stages include provable third-party guarantees and bridging web2 use-cases to web3.

8. Use cases: Humanbound tokens can be used for fair airdrops, voting, incentives, faucets, and other plug-and-play applications.

Overall, Humanbound provides a secure and privacy-focused solution for integrating human identities into Web3 applications, ensuring authenticity and protecting user data.

How does Humanbound protect against Sybil attacks?

Humanbound protects against Sybil attacks through several measures. Firstly, duplicate checks are implemented to guard against Sybils. Each human is assigned a unique identifier, ensuring that only one token is associated with each person. Additionally, no sensitive data is stored on-chain, reducing the risk of data breaches. Humanbound also employs robust KYC (Know Your Customer) with liveness detection, verifying the identity of users. User data is stored in a secure data vault, ensuring privacy and protection. Furthermore, the usage of Human Bound Tokens allows for anonymous usage, adding an extra layer of protection against Sybil attacks.

What is the minting process for Humanbound tokens?

The minting process for Humanbound tokens involves four stages:

Stage 1: Connect Wallet Stage 2: Verify Phone Stage 3: Verify ID Stage 4: Mint Token

During the minting process, each token is bound to a real and unique human, ensuring sybil resistance and secure on-chain representation of verified identities. The process requires the user to connect their wallet, verify their phone number, verify their identity, and then the token is minted.

Humanbound tokens are non-transferrable and cannot be transferred from a wallet or from a human. They are proofs of personhood bound to a real and unique human. The tokens are backed and supported by the Humanbound Token, which is a new Web3 identity primitive that allows smart contract-based applications to securely interact with human identities while protecting user privacy through off-chain data storage.

The Humanbound token development stages are completed, with Stage 1 being the verified identity and on-chain representation through the Humanbound token. Stage 2, which is coming soon, will involve provable 3rd party guarantees for on-chain compliance in DeFi and bridging off-chain credit scores for undercollateralized lending. Stage 3, also coming soon, aims to bridge all web2 use-cases to web3, enabling the signing of legally binding contracts with on-chain identity and easy transfer of real-world assets.

The Humanbound token provides scalable sybil resistance through duplicate checks and assigns each human a unique identifier. It does not store sensitive data on-chain and ensures robust KYC with liveness detection. User data is stored in a secure data vault and anonymous usage of the Humanbound token is possible.

The minting process and the Humanbound token aim to facilitate fair airdrops, voting, incentives, faucets, and plug-and-play functionality in the Web3 ecosystem.

What are the technology development stages of Humanbound?

The technology development stages of Humanbound are as follows:

Stage 1: Verified identity & on-chain representation through the Humanbound token. This stage involves the use of SMS OTP tied to a verified identity to establish ownership. The Humanbound token provides proof of unique humanity for Web3, enabling sybil resistance, secure DAO contributor payments, and more.

Stage 2: Provable 3rd party guarantees. This stage focuses on on-chain compliance for DeFi and bridging off-chain credit scores to enable undercollateralized lending. It aims to provide additional security and trust in the Web3 ecosystem.

Stage 3: Bridging all web2 use-cases to web3. In this stage, Humanbound aims to enable the signing of legally binding contracts with on-chain identities and facilitate the easy transfer of Real World Assets. This stage opens up possibilities for various applications and use-cases in the Web3 space.

It is important to note that Humanbound tokens are non-transferrable and are attached to a real and unique human, not just a wallet. They serve as proofs of personhood and are controlled through multi-factor authentication (MFA) for enhanced security.

How can I join the Humanbound community?

To join the Humanbound community, you can connect with them on Twitter, Discord, and GitHub. You can also access their documentation for more information. However, it's important to note that Humanbound tokens cannot be transferred from a wallet or from a human. They are non-transferrable tokens attached to you, not just your wallet.