According to the news of The Block, there is a rival to the Worldcoin (WLD) project, which is famous for its eye scanning.
At this point, a similar innovation is coming to the TON ecosystem. Accordingly, TON Society and HumanCode are launching a Toncoin initiative worth more than $5 million using palm scanning for identity verification.
The Toncoin ecosystem, which will use palm scanning for identity verification, stated that it has allocated $ 5 million in Toncoin tokens to encourage users to verify their identities using palm scanning technology.
The program, announced earlier today at the Hong Kong Web3 Festival, aims to provide digital identities to 500 million Telegram users within five years.
TON Foundation Growth Director Ekin Tuna said the following in his statement:
“A scalable, private and decentralized identity will help the first one billion users join the Web3 ecosystem on Telegram. I look forward to going even further and seeing what exciting use cases it will unlock for both the community and TON developers.”
Toncoin has experienced an increase of up to 10% in the last 24 hours due to the impact of the news. At the time of writing, TON ranks 10th with a market value of $20 billion.
*This is not investment advice.
