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  • June 2nd2022

Hypersign Identity Token Review – HID

This is NOT financial advice. Please see our Financial and Affiliate Disclosures below for more details.

Hello everybody, and welcome. David Tatera here with CryptoTutorials.org, and today I'm excited, we're starting a new project. We are going to go over the 10 most exciting and interesting tokens that came out for the month of June

There's there's well over a thousand new tokens that come out every month. It's amazing the volume. I like to keep an eye on a lot of them and see which projects I think are interesting, which ones might be worth an investment of a little bit of money. Which ones I think came up with a novel and unique way to use the blockchain. Which ones just did some cool marketing and I liked their design of things. I think all of those things are important when releasing a new token and I like to keep an eye on all of them.

I'm going to go over each token, what the token is, what it's about and a little bit of background on it. I'm also going to do article for each token that will explain to you how to purchase HID if you want to purchase it. I'm going to make it for each of these 10 and I'm really excited to share them with you. So lets get started with Hypersign Identity Token.

Airdrop MasterClass Free Now

Before I teach you all about this new token, I do want to let you know that we still have our $97 airdrop masterclass going for free right now. Not sure how much longer we're going to keep this up, but if you are interested in picking up free crypto and I don't mean junk scam tokens. I mean top quality, name brand tokens.

blocto wallet image

Things like Blocto, Muneriam, things that have been really, really valuable, take this class. I'm going to teach you how to pick out the good ones, how to apply for the good airdrops and how to successfully get some real coins that are going to hold some value. Go to GetMyFreeCrypto.com and let me know where you want the course link sent. I will send it right over for you to take the class.

Hypersign Identity Token History

We are on CoinGecko.com Taking a look at the Hypersign Identity Token. It's coming in at about 18 cents a coin right now and in the last 24 hours it traded about $150,000 worth of tokens. So fairly decent, but not huge. It's on the Ethereum blockchain and also Polygon, which is a layer on top of Ethereum.

A quick look at the token, let's pull up a month of it and you can see it started off very briefly up near .45 really came down into more in the .30 range and then has dipped as low as .15 and back up into the .20's. Fairly standard for a new token, nothing unusual about this particular sales pattern.

Removing Identity From Websites

By removing the need to story your identity on a website for authentication proof, HID reduces the possibility of an identity hack. 

Hypersign Identity Token Solves Real Problems

Why do I like this token? I think it solves a real problem that we really have in the world, and that is proving identity on both blockchain and traditional websites.

Right now we have a couple of different options when you need to prove your identity. You can either give them all of your information and they can store it in their data center, and hopefully keep it secure for you. Every time you log in, they look into that data center to check your credentials and make sure that it's really you. Or you can use a social login, like, Facebook or Google. They will hold the data and that way you don't have to fill out all your phone numbers, information over and over and again, which creates another position where there's a weakness.

Hypersign Identity Token

Along with keeping your identity secure one of HID's goals is to help keep bots out. It's another great side benefit of Hypersign Identity. It will help your website be able to tell if the computer accessing this project is a real person or bot. And if they're a bot, keep them out. Because you know, many, many times these new NFT projects may offer something really cool at the very beginning for the first thousand people.

They want a thousand real people to sign up. They don't want one bot to go buy the first thousand and then make money for one investor. By limiting the ability of bots and requiring Hypersign Identities, it's going to help reduce bots from cheating the system.

Hypersign Solving Social Login Problems

Why do I like this token? I think it solves a real problem that we really have in the world, and that is proving identity on both blockchain and traditional websites.

Right now we have a couple of different options when you need to prove your identity. You can either give them all of your information and they can store it in their data center, and hopefully keep it secure for you. Every time you log in, they look into that data center to check your credentials and make sure that it's really you. Or you can use a social login, like, Facebook or Google. They will hold the data and that way you don't have to fill out all your phone numbers, information over and over and again, which creates another position where there's a weakness.

HID Social Drawbacks

Along with keeping your identity secure one of HID's goals is to help keep bots out. It's another great side benefit of Hypersign Identity. It will help your website be able to tell if the computer accessing this project is a real person or bot. And if they're a bot, keep them out. Because you know, many, many times these new NFT projects may offer something really cool at the very beginning for the first thousand people. They want a thousand real people to sign up. They don't want one bot to go buy the first thousand and then make money for one investor. By limiting the ability of bots and requiring Hypersign Identities, it's going to help reduce bots from cheating the system.

Is Hypersign Identity Token The Long Term Solution?

I don't know that this is the ideal solution. I think it's cool. I think it very well could be, but I'm not a security expert on any level. Whether this can become what it hopes to become is another question, but the fact that it's solving the real problem of accessing your ID, keeping bots away and protecting KYC infrastructure is big.

One of the reasons exchanges don't carry customer information is because it's a liability. If that data gets hacked and there's a breach, people will sue the company for their data being lost. This way they never actually take your data. They get proven who you are by your blockchain credentials, but they don't actually store your data on their network. So they're not liable for that. That's another big help.

These are all the reasons that I like Hypersign Identity. If you are interested, there is staking available for HID, which is really cool. Here is a video where about buying HID and soon I will show another video on staking it. If you are interested in bots then check out my article on discord tip bot tutorial.

Thanks Again, and Much Aloha

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