Humanode PriceHMND

What is Humanode (HMND)?

Humanode (HMND) is a Layer 1 blockchain network that positions itself as the first blockchain secured by verified humans rather than machines or capital. The project's core premise is that sybil-resistance can be achieved through private, decentralized biometric verification of human existence and uniqueness, replacing the need for Proof-of-Work or Proof-of-Stake consensus mechanisms. Humanode operates as a Substrate-based standalone Layer 1 chain that is EVM compatible, meaning developers can deploy Ethereum-style smart contracts on the network. The native token, HMND, has a fixed maximum supply of 400,000,000 coins. The cryptocurrency launched in 2022, with the mainnet going live in November 2022. The project is backed by a broad group of venture investors and aims to build a financial system governed by the principle of one verified human, one vote.

Key Specifications & Tokenomics

• Name: Humanode
• Ticker/Symbol: HMND
• Category: Layer 1
• Blockchain Type: Substrate-based standalone Layer 1; EVM compatible Substrate chain
• Consensus Mechanism: Proof-of-Uniqueness and Proof-of-Existence via decentralized biometric verification
• Launch Year: 2022
• Mainnet Launch: November 2022
• Total Supply: 400,000,000 HMND
• Max Supply: 400,000,000 HMND
• Token Allocation: Treasury Reserve 36.90%
• Governance: Vortex decentralized autonomous organization (DAO) system
• Official Website: https://humanode.io/
• Whitepaper: papers.humanode.io
• Block Explorer: humanode.subscan.io
• Source Code: GitHub

Who created Humanode?

Humanode was co-founded by Dato Kavazi and Victor Smirnov, who initially conceptualized the project through Paradigm, a deep-tech research institute. Both founders are identified as co-founders of Humanode in public materials, including a YouTube interview titled "Meet Humanode: Changing Blockchain With Biometrics." The whitepaper was authored by Dato Kavazi, Victor Smirnov, Sasha Shilina, MOZGIII, MingDong Li, Rafael Contreras, Hardik Gajera, Dmitry Lavrenov, and the Humanode Core team. The project has attracted backing from a wide range of venture capital firms and prominent angel investors, including Fenbushi Capital, Alameda Research, Binance Labs, FundamentalLabs, Multicoin Capital, NGC Ventures, Amber Group, 6Eagle Capital, Shima Capital, AU21 Capital, Genblock Capital, Republic Capital, Big Brain Holdings, Wintermute, and Blizzard Fund. Humanode is also backed by Polygon co-founders Sandeep Nailwal and Jayanti Kanani. The project raised a total of $13.71 million across eight completed funding rounds.

How does Humanode work?

Humanode replaces traditional consensus mechanisms with a biometric verification layer built on Proof-of-Uniqueness and Proof-of-Existence. To become a validator, a participant undergoes a crypto-biometric authentication process that confirms they are a unique, living human being. AI-powered facial recognition modules check for both uniqueness and liveness, ensuring that no individual can register more than one node. Biometric processing is conducted in a private and decentralized manner to protect personal information. Each verified human operates exactly one node and holds one vote in the network, meaning validation and voting power are distributed equally regardless of wealth, location, race, gender, nationality, or social status. The system integrates FaceTec's biometrics and liveness detection technology into its crypto-biometrics platform. From a technical standpoint, Humanode is built as an EVM-compatible Substrate chain and incorporates several components described in its whitepaper, including a bio-authorization module based on cryptographically secure neural networks for private classification of 3D facial templates, a private liveness detection mechanism, a cost-based fee system, the Vortex DAO governance system, and a monetary policy algorithm called Fath that adjusts monetary supply in response to real value growth. If a participant attempts to defraud the system, their biometrics are blacklisted and penalties are applied based on the severity of the offense, with the worst-case outcome being a complete loss of network access.

What makes Humanode unique and valuable?

Humanode's primary differentiator is its capital-agnostic and Sybil-resistant design. Unlike Proof-of-Work chains that require expensive hardware and energy, or Proof-of-Stake chains that concentrate power among large token holders, Humanode distributes validation power equally across verified human nodes. This structure means that a malicious actor seeking to control a majority of votes would need to track down and coerce a large number of registered human nodes, an impractical and highly unlikely scenario. The network is permissionless and open to anyone who can verify their unique existence as a human being. The project's tagline, "A financial system built on cognitocracy. Owned by everyone," reflects its ambition to create a truly distributed and democratic Layer 1 network owned by millions of human nodes in equal share. The direct biometric service also extends beyond the blockchain itself, allowing NFT projects, DAOs, GameFi platforms, metaverse applications, and other dApps to integrate unique online identity verification.

What is Humanode used for?

HMND is the native utility token of the Humanode blockchain. It is used to pay transaction fees, execute smart contracts, and support private biometric computations on the network. Beyond these core functions, HMND plays a central role in the network's incentive structure. Mining rewards are distributed to humans who operate nodes, and staking rewards are also directed to human participants. The token underpins the network's governance through the Vortex DAO system, where each verified human node has an equal vote. The broader Humanode platform enables developers and projects to integrate biometric-based unique identity verification, which can be applied to NFT projects, DAOs, GameFi, metaverse environments, and other decentralized applications that require proof of unique personhood. The project's stated goal is to create a stable and just financial network that relies on the existence of human life as its foundational resource.

How Is the Humanode ecosystem developing?

The Humanode ecosystem has been expanding through strategic partnerships and integrations since its early testnet phases. In 2021, the project partnered with Republic Crypto for collaboration on strategic and technical initiatives and fundraising. In November 2022, alongside the mainnet launch, Humanode announced a partnership with Math Wallet, a multi-platform crypto wallet supporting both Substrate and EVM chains, to support HMND tokens. Math Wallet enables token storage across more than 100 chains, including BTC, ETH, Polkadot, Filecoin, Solana, BSC, and Cosmos, and supports cross-chain token bridges and a multi-chain dApp store. In December 2022, Humanode partnered with Occam to launch an incubation initiative encouraging developers to build and launch projects on the Humanode network. The project has also integrated FaceTec's biometrics and liveness detection technology into its platform. Additional partners include Avalanche, Ore Protocol, AIKON, and SupraOracles. The direct biometric service is positioned to serve NFT projects, DAOs, GameFi, metaverse, and other dApps seeking unique online identity solutions.

How to mine Humanode?

Humanode does not use traditional mining equipment such as ASICs or GPUs. Instead, participation in network validation is achieved by becoming a human node. To do so, an individual must first undergo the crypto-biometric authentication process, which verifies their existence and uniqueness as a living human being. Once verified, the participant is permitted to launch a node by staking encrypted biometric data. Each verified human is limited to one node, and each node carries equal validation and voting power. Mining rewards and staking rewards are distributed to human participants who operate nodes and help secure the network. The process is designed to be capital-agnostic, meaning no minimum token holdings or expensive hardware are required to participate. Detailed technical requirements for running a node are available through the project's documentation at papers.humanode.io.

How to keep your Humanode Coin safe?

HMND is supported by Math Wallet, a multi-platform crypto wallet that handles both Substrate and EVM chains and supports token storage across more than 100 blockchains. When choosing a wallet, users should prioritize solutions that support the Substrate and EVM formats relevant to Humanode. For long-term storage, hardware wallets that support the relevant chain formats offer an additional layer of security. Users should always verify wallet addresses and download wallet software only from official sources. Because crypto markets are highly volatile, with Humanode estimated at approximately 3.74% volatility, investors should also be aware of the significant market risk involved in holding digital assets. It is advisable to store private keys or seed phrases offline in a secure location and never share them with anyone. As with any cryptocurrency, there is a risk of losing the entire capital invested, and nothing in this information should be considered financial advice.