In this article, we'll discuss information about the Tokenproof Platform project.
Tokenproof is the next-generation token gating solution enabling consumers and verifiers to securely authenticate ownership of NFTs while removing any risk of theft or loss.
Tokenproof delivers simplified access for everyone
Tokenproof brings NFTs to the real world, securely
Securely Unlocking The Power of Token Ownership
An event organizer may wish to host an exclusive event with attendance limited to owners of particular NFT collections. However, the challenge for attendees with NFTs resides in the significant monetary value of these tokens and the risks associated with exposing their virtual assets. Owners of high-value token collections would be extremely hesitant to travel to this style of event with hot wallets. Tokenproof solves this problem now.
Powerful New Experiences Driven by Tokens
As token ownership becomes increasingly mainstream, established brands are entering this space as a way to captivate new audiences, build communities, and appeal to existing consumers. Many existing brands plan to offer experiences, products, and reward programs based on token ownership. The transition to new, token-based marketing initiatives represents a convergence of the offline and online worlds, solidifying the need for safe, practical solutions to validate token ownership. Tokenproof is ready to secure and enhance new experiences today
Safer Proof of Ownership
Throughout the online world, individuals and organizations regularly need to prove token ownership to access specific benefits (for example: to gain entry to a Discord server or log into a token-gated site). Similarly, in the near future, e-commerce merchants will likely join the scene by offering unique benefits or targeted discounts to owners of specific tokens. As these new scenarios quickly become a reality, there is an immediate need for a safe solution for proving ownership. The requirement for users to connect their actual wallets would be highly impractical and unsafe.
Tokenproof allows individuals and organizations to carry proof of ownership that links their Ethereum account directly to their mobile device. Token owners can easily authenticate ownership of their digital assets by generating a Tokenproof while keeping their actual tokens safe in cold storage.
Our Vision and Ethos
How Tokenproof Works
Tokenproof works by issuing a verifiable credential that can be used as proof of ownership of an Ethereum account while the actual Ethereum wallet remains securely locked away, disconnected. The credential binds the Ethereum account to the user's mobile device.
Users prove ownership of tokens via authentication facilitated through the use of the Tokenproof Mobile App.
Verifiers use Tokenproof to verify users' ownership of tokens with the ability to define specific access policies (rules) for authentication. For example, an access policy may require a user to own a CryptoPunk or Bored Ape Yacht Club token to enter an exclusive event.
Tokenproof has created the infrastructure and applications to support the needs of users and verifiers in both online and real-world scenarios.
Offline Use Cases
Accessing Events: Event organizers can now sell or issue tickets to events in the form of NFTs on the Ethereum network. Tokenproof enables attendees to use their Tokenproof wallets to gain access to token-gates at the event, without requiring them to touch their Ethereum wallet where the actual tokenized ticket is held.
Proving Organization Membership: Organizations can now choose to tokenize the credentials that they provide to members. For example: fitness clubs, universities, or co-working spaces may leverage token-based credentials allowing members to access facilities, meals, or other benefits. Tokenproof can be used to validate membership while protecting the privacy of the member.
Validating Loyalty Program Membership: Businesses with existing loyalty programs can now tokenize program membership credentials. For example: airlines, restaurant chains, or entertainment venues. Tokenproof can facilitate the verification of tokens by allowing members to display a QR code on their mobile devices.
Claiming Unique Benefits in Retail: Established retail brands will soon offer exclusive benefits to holders of certain tokens or NFTs. Retailers can choose to create their own tokens, or offer unique benefits to third-party token holders. Tokenproof can be used to securely facilitate access and verify eligibility for benefits.
Accessing Token-Gated Physical Spaces: Owners of physical locations or shared facilities can tokenize keys and passes used to access these spaces. Tokenproof will enable individuals to use tokens to gain access to office buildings, hotels, or Airbnbs with less friction.
Online Use Cases
At this time, there's a wide array of existing online use cases in which Tokenproof will add value to the ecosystem. In particular, preventing the many different scams that occur online when users are connecting their wallets to an app or service and losing their valuable tokens.
As the adoption of NFTs continues to accelerate, the prevalence of malicious actors will also grow as new opportunities for deception arise. Tokenproof will allow individuals to securely authenticate ownership of their tokens without the need to interact (physically or digitally) with the wallet in which those tokens are stored for total peace of mind.
Tokenproof can be implemented quickly and easily by online verifiers with a few simple lines of code and users only need to scan a QR code with their Tokenproof mobile wallet to prove ownership of their tokens.
Authenticating Token-Gated Websites: Tokens can be used to authenticate users into token-gated sites for simplified access. Instead of needing to connect their Ethereum wallet and signing a message, users can now easily log in using Tokenproof. Token-based access can be used for traditional websites or web3 platforms such as Decentraland, Sandbox, and other applications in which users only want to log in without transacting at the blockchain level.
Authenticating Discord Server: Proving token ownership to gain access to Discord servers with token-gated channels or to define appropriate user roles is becoming increasingly common. Yet, each time that an individual wishes to authenticate with a Discord Server they need to perform an interaction with the wallet holding their tokens, often resulting in a physical interaction (if a hardware wallet is used).
Tokenproof enables users to safely prove ownership of tokens and access token-gated benefits within Discord servers while also ensuring that hardware wallets are stored securely and physically locked away.
Authenticating Allowlists: Tokenproof can be used to authenticate users of certain tokens where ownership is a requirement in an allowlist for a new project's mint.
Accessing Benefits or Discounts in E-Commerce: E-commerce brands can now offer exclusive benefits to holders of certain tokens or NFTs. Online retailers can choose to create their own tokens, or offer unique benefits to third-party token holders with Tokenproof used to facilitate verification of eligibility.
How and Where to Buy token?
You will have to first buy one of the major cryptocurrencies, usually Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase token from the exchange.
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