Overview

Human Trust Protocol - Decentralized trust network.

Project stage

Only a whitepaper

Detailed description

ICOHub is a reputation system for ICO projects and token purchasers, forming a trust network around ICOs. Created by Hub, ICOHub serves as a proof-of-concept application for the Hub Human Trust Protocol.

The ICOHub application enables interested parties to get trust scores and other information about specific ICOs. Initial trust scores are calculated from self-attested information. Additionally, users can help assess the quality of ICOs by voting on the likelihood of success of upcoming ICOs, further enriching ICO reputation data. Once an ICO has completed, users who voted correctly are rewarded with Hub tokens. As users vote, they collect a verified and portable reputation history about their knowledge and expertise about ICOs.

ICOHub also allows ICO projects to enhance their own reputation and trustworthiness. By providing additional credentials about their ICO, the trustworthiness of their project increases. For instance, a partnership with the ICO Governance Foundation (IGF) will allow ICO projects to provide an IGF-1 disclosure that will increase their trust score.

Problem

Fundamental Issues With Content & Trust:

Volume & quality of content
Social platforms and messengers are flooded with unwanted messages and inaccurate or misleading content that lead to faulty decision making. 

Maximum # of trusted contacts is limited
The Dunbar number says the average person can maintain at most 150 trusted connections, yet today’s world demands interactions well beyond this limit. 

Not enough trust online
Instead of completing transactions online, users rely on phone calls and face-to-face meetings to consummate transactions. 

Issues With Centralized Reputation:

Partial and fragmented
A user’s reputation is fragmented across multiple services, hindering an efficient, comprehensive & transparent view of their trustworthiness. 

Limited ability to manage it
Reputation data is embedded and owned by application creators who control and exploit it. 

Lack of portability
After investing significant effort in fostering trust in one community, users are unable to transfer their trust elsewhere.

Solution

Human Trust Protocol solves endemic trust problems & usable in any community and marketplace:

  • Verifiable & portable trust 
  • Self-sovereign reputation data 
  • Multi-dimensional reputation 
  • Context-sensitive trust scoring 
  • Incentivization of trustworthy interactions

Three Pillars of the Protocol:

Identity
Associate reputation data to identities. Each account will reference an identity using decentralized digital identities.

Reputation
Capture rich and raw reputation data by which applications can enable users to make the best interpretation of trustworthiness.

Trust
Provides for evaluating a user’s capability and intent on a new interaction.

Features

Trust leads to greater economic value
By securing trust and decentralizing reputation data on a blockchain, the Internet will offer greater economic value to users to gain more opportunities, command higher premiums for their products and services, and get more cooperation from others.

Earn trust through interactions
The Hub token lets users earn trust as a result of successful interactions. Selecting from a growing library of smart contracts for user interactions to transactions, users “stake” their success with tokens and build their reputation as the basis for trust.

Portable, verifiable, owned by you
Portable across applications, verifiable with interaction histories, reputation data will be self-sovereign to you. You control how it is accessed by applications and communities. Trust becomes a “prediction market for human behavior”.

Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : HUB
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : NA
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :NA
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :NA
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :No
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA

Sale schedule

Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
No ICO — Ended
Start Soon
NA No - Uncapped Uncapped
Pre-sale — Ended
Start Soon
NA No - Uncapped Uncapped
  • Team

    • Eric Ly photo
      Eric Ly
      Founder, CEO
    • Rich Miller photo
      Rich Miller
      CTO
    • Kyle Wang photo
      Kyle Wang
      Head of Business Development
    • Henry Yan photo
      Henry Yan
      Head of Product
    • Mike Prince photo
      Mike Prince
      Software Developer
  • Advisors

    • Arun Anjay Anantha Padmanabhan
      Software Developer
    • Miko Matsumura
      Marketing Advisor
    • Nikolai Oreshkin
      Chief Advisor
    • Josh Elman
      Vice President, Robinhood, Partner, Greylock Partners, LinkedIn, Facebook, Twitter
    • Bo Shen
      Founder, Fenbushi Capital & GF Network
    • Keith Teare
      TechCrunch founding team, Founder & Executive Chairman, Accelerated Digital Ventures
    • Will O'Brien
      CEO & Co-Founder, BitGo, LP & Senior Strategic Advisor, Blockchain Capital
    • Howie Xu
      CEO/Co-founder TrustPath, EIR of Greylock Partners, VP of BSN, Cisco, VMware, Stanford
    • Samuel Smith
      Chief Architect, ConsenSys Reputation AI Systems, Reputation Spoke Founder & Board Member, Sovrin

Roadmap

  • Q4 2017
    HTP Testnet delivered
    • Development of Hub app
    • Begin ICOhub “PoC” application
  • Mar / Apr 2018
    ICOhub “PoC” application
    • Provisional launch of HTP
  • Q2 2018
    MVP launch of HTP
    • Launch of Hub token
    • Select community partners
    • Security audits
  • Q4 2018
    HTP version 2 launch
    • Hub App MVP with HTP
  • Q1 2019
    • Trust stakes defaults white paper
    • “PoC” Trust Evaluators
  • Q2 2019
    • HTP version 3 launch (Task taxonomy, task store)

Activity