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How can I participate in CoinList's upcoming Human Protocol (HMT) public sale?

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The opening time is from 1:00 on June 18 to 7:00 on June 18, Beijing time.

On June 9, Coinlist announced on Twitter that Human Protocol (HMT) will launch its public offering on June 18, Beijing time.

Human Protocol's token, HMT, was scheduled to launch Bitfinex on October 27, 2020, according to a previous report from Routine BlockBeats. Later, it was delayed due to the strategic upgrade of Human Protocol.

The largest independent CAPTCHA service behind the protocol

Unlike many protocols, Human Protocol has a mature business model. HCAPTCHA, created in 2017, is now the most widely used independent CAPTCHA service in the world. Currently, the market share of HCAPTCHA has reached 15%, according to end-2020 data.

A verification code (CAPTCHA) is a publicly automated program used to distinguish between robots and humans. One of the more widely used tools in the field was reCAPTCHA, which Google acquired from Carnegie Mellon University in 2009. But then, the HCAPTCHA took most of the market share of reCAPTCHA.

HCAPTCHA is more private and consumes less stored data than reCAPTCHA, which uses more private machine learning to identify robots by tracking a user's Web history based on their behavior. Moreover, HCAPTCHA is more stable in some countries than reCAPTCHA7.

Of course, HCAPTCHA is only one of the products of Human Protocol. The broader goal of the Human Protocol is to achieve an automated job market, where interesting tasks are done by humans and repetitive tasks can be left to machines. In other words, Human Protocol wants to enable network participants to use HMT's smart bounty feature to pay for labor and reward validators for providing services to the network.

In Human Protocol, there are three types of participants: Requester, Worker and Network Service Provider.

In the case of Human Exchange, a Human Exchange worker publishes a work task, in which a requester publishes the work by launching a smart bounty that describes the work to be done. The task then goes to the worker. The worker sends the results to the Recording Oracle for summary. Reputation Oracle then makes a final assessment based on the quality of the task and pays a bounty based on the value of the work.

Distribution and function of HMT

HMT is the native token of Human Protocol, and it is the primary mechanism for transferring value within the network. For example, those who want to tag a million images must fund smart contracts with HMT; The site at the other end and the worker who completed the job received the HMT.

The total supply of HMT tokens is capped at 1 billion and will be unlocked at different times according to different types. The unlock times are as follows:

The specific token distribution is as follows:

Pre-sale: 23.4%;

Operating trust: 23%;

Strategic partners: 20.5%;

Coinlist sales: 12%;

Ecological fund: 8.2%;

Team: 7%;

Investors: 3.7%;

Consultants: 1.3%;

Distribution Foundation: 1%.

Finance course

In June 2018, Human Protocol raised $10.6 million at a valuation of $45.5 million. All tokens will be locked up for 12 months prior to the sale of this financing. After 12 months (i.e. 13-24 months), tokens will be unlocked in a linear manner.

In October 2020, Human Protocol raised $2.5 million at a valuation of $100 million. All tokens will be locked for 12 months prior to the sale of this financing. After 12 months (i.e. 13-24 months), the tokens will be unlocked in a linear way.

In April 2021, Human Protocol raised $22 million at a valuation of $250 million. All tokens will be locked up for 12 months before the sale, and then unlocked annually at 10%, 20%, 20%, 20%, 30% of the total amount.

Human Protocol's investors include Hashed, Borderless Capital, Kenetic Capital and Hypersphere Ventures.

CoinList sales

HMT will be available for sale on Coinlist from 1:00 on June 18 (Beijing time) to 7:00 on June 18 (Beijing time). The registration deadline for participating in the purchase is 22:00 on June 15 (Beijing time).

There are two types of HMT unit price for this public sale. One is $0.5 per unit price, which is 100% locked for the first 12 months and then linear unlocked for 12 months. In this way, 100 million HMT will be sold at most and each person can buy up to $2,000. The other is $0.75 per token, which will be 100% unlocked on or around August 10. It will sell up to 20 million HMT's and each person will be able to buy up to $1,000. Available with USDT, USDC, ETH, BTC, minimum purchase $100 per person.

It's worth noting that token purchases will not be available if you live in the US, China, Canada, or areas that don't meet Coinlist rules.

Coinlist account registration

To participate in the Human Protocol public sale, you need to have a registered account in the corresponding CoinList. Go to the CoinList home page and click "Get Started" in the upper right corner to enter the registration screen.

Enter the corresponding information as prompts, then click "Create Account", login to your registered email address in the same browser, and click on the received verification email to complete the verification.

If you want to get more Coinlist projects to participate in the investment grid, open wallet and other functions, you need to complete the identity verification. Click on "Wallet" on the left to get an authentication prompt, and click on "Verify" to get to the authentication screen.

(Follow the prompts to complete multiple steps, such as address, personal information, face recognition, Google dual verification, etc.) Select a person (non-entity), name can be written in pinyin, and click "Save&Continue" after completing the filling.