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Human Trust Protocol (HUB)

ICO

Published: Jun 23, 2018

The Human Trust Protocol (HTP) implements a trust layer for the Internet. Users are defined as any entity whose trust-at-a-distance is relevant, including people and businesses. The Protocol is operated by a decentralized network of nodes that operates a public permissioned blockchain.

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Overview

Project industry	Social Network & Communication
Whitepaper	Open
Onepager	Open

What is Human Trust Protocol

Hubtoken user interactions are encapsulated as Task entities, where the performance of Tasks affects the reputation of participants. In other words, a Task is any interaction where your reputation can be tracked like an online purchase or post. Developers can create different Tasks that can be measured within the Hub ecosystem.

Hub will launch something called the Task Store in the near future. Like an app store, a Task Store maintains a library of task templates, making available a section of templates that users can use. The Task Store will incentivize developers in the community to create useful tasks that expand the overall value of the Hub protocol.

Hub tokens are the utility token at the center of the Hub ecosystem. Hub tokens will provide stake rewards to users after they complete tasks. Hub tokens will also incentivize ecosystem development, including the creation of new and useful tasks by developers. The foundation can also purchase tokens from the market periodically to incentivize the ecosystem.

Users can spend Hub tokens to stake different tasks. Users can also pay tokens to Task developers and nodes for usage and hosting of a particular Task.