The TON Society, a community of hubs contributing to The Open Network (TON) ecosystem, partnered with the AI company HumanCode to launch a palm scanning initiative that will provide TON users with a tool to verify human identity on the blockchain while preserving their physical anonymity.

The initiative aims to address a persisting issue of bots on the web and safeguard the integrity of online environments.

Led by Dr. Dong Zhang, HumanCode introduces an innovative technology for palm scanning, providing a swift and precise method for authenticating real individuals. HumanCode’s technology is inclusive, recognizing a variety of skin tones to ensure accessibility for all users and functions on smartphones and web browsers.

Moreover, the TON Society will provide incentives totaling 1,000,000 TON, equivalent to over $5,000,000, to encourage community members to verify their identity. It aims to introduce Web3 identity features to the 900,000,000 monthly active users of the messaging application Telegram.

@ton_society has partnered with HumanCode, an innovative AI technology company, to transform the way users verify their identity online!TON Society offers 1M $TON in incentives for users to verify their identity Why does this matter? Let’s find out pic.twitter.com/uZPFSXGkmF

— TON (@ton_blockchain) April 8, 2024

Rewards will be provided to the TON Society members who undergo the palm scanning process and confirm identity. Participation in the TON Society is open to everyone, and individuals are encouraged to join the initiative by linking wallets on the project’s website. The new initiative seeks to facilitate digital identity for 500,000,000 Telegram users over the next five years.

Telegram’s Blockchain Resurrects, TON Achieves Record Trading

Initially, the messaging application introduced the Telegram Open Network (TON) in 2020, raising $1.7 billion through a private sale in the same year. However, the project was later discontinued due to investigations by the United States Securities and Exchange Commission (SEC). In 2022, open-source developers rescued and rebranded the blockchain as The Open Network, which now operates with a fully functional mainnet.

Currently, TON is trading at $5.87, reflecting a more than 9% growth within the last 24 hours, surpassing its previous all-time high earlier today. This information is based on data sourced from CoinMarketCap.

The post TON Society Partners With HumanCode to Launch $5M Palm Scanning Initiative For Identity Verification On Blockchain appeared first on Metaverse Post.

A well-known crypto analyst on X with more than 60,000 followers is suggesting that Ripple’s XRP may be on the verge of a significant price surge, citing a potential breakout from a long-standing resistance level. The analyst, who goes by the handle @MikybullCrypto, shared a chart showing XRP’s price action getting close to breaking out of a monthly triangle pattern in which the cryptocurrency has been trading since 2021.

In technical analysis, a triangle pattern is formed when the price oscillates between two converging trendlines, creating a series of higher lows and lower highs. The breakout from such a pattern can signal a potential shift in market sentiment and a new directional move.

According to the analyst’s analysis, a successful breakout from this years-long resistance could trigger a bullish rally, potentially pushing XRP’s price to around $0.6 from its current level of approximately $0.62. This would represent a nearly 900% increase in value.

However, for this bullish scenario to play out, the analyst’s chart reveals the importance of XRP closing above the strong monthly resistance level of around $0.72. In technical analysis, a “close” refers to the price at which an asset finishes trading during a specific time frame, such as a day, week, or month.

If XRP manages to close above the $0.72 level on a monthly timeframe, it would be considered a significant breakout, potentially attracting a influx of bullish traders and investors. This could, in turn, drive the price even higher, as more market participants join the upward momentum.

It’s worth noting that while technical analysis can provide valuable insights into potential price movements, it should be used in conjunction with other factors, such as fundamental analysis and market sentiment, when making investment decisions.

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