What is Tokenproof Platform

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

• For Users: Prove ownership of NFTs online and during real-world events without the need to connect your digital wallet. Unlock endless possibilities with unlimited use cases to leverage the power of your tokens without the risk of theft. Set your token collection free today with complete peace of mind.
• For Token Verifiers:  Introduce a seamless token-gate solution with customizable access policies, granular configuration options, and powerful analytics. Allow tokens to be used for entry to events, fitness clubs, restaurants, or any other token-gated venues. Build consumer awareness of your brand and engage with new audiences using discounts or benefits for token holders.

Tokenproof brings NFTs to the real world, securely

• Here’s how Tokenproof is solving an emerging need As the rapid adoption of NFTs (non-fungible tokens) accelerates worldwide, there is a clear need for solutions that allow individuals and organizations to securely prove ownership of their tokens without the risk of theft or loss both online and in real-world situations.

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

• We believe that cryptographic tokens and NFTs will become ubiquitous, both online and in the real world.
• We believe that individuals and organizations will need to prove ownership of cryptographic tokens on a frequent basis in order to access services, places, events, and other benefits.
• We believe that verifiers will need new tools to seamlessly manage token verification to provide consumers with a frictionless experience.
• We believe in the privacy of token holders and protecting their identity.
• We believe that token safety can be enhanced without relinquishing token custody.
• We believe that users, particularly early adopters of platforms and services in the web3 space, should be rewarded with token-based benefits.
• We believe in decentralization, interoperability, and the use of open standards.
• We believe there is always room for improvement and welcome contributors.
• We hate seeing individuals fall victims to scams, theft, or loss of their valuable digital assets.
• We realize our environment is fluid, and our technology will continually evolve. We are building for the long term and plan on being here to progressively add value for decades to come.

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.

IRL Authentication

Online Authentication

​Offline Use Cases

• NFTs will become ubiquitous: We believe that in the near future, a convergence between the online and offline worlds will occur, with the use of NFTs becoming ubiquitous throughout daily life. Consequently, there is an immediate need to provide a mechanism allowing individuals to securely and easily prove token ownership. Consumers must be able to provide ownership proof while preserving the safety and privacy of token-holders along with their digital asset collections.
• Established brands are joining: Offline adoption of Tokenproof will initially commence with crypto/NFT-focused events and conferences for early adopters. However, we believe that established brands entering this space will increasingly want to provide exclusive benefits to audiences holding their tokens (e.g. retail shops, product launches, brand activations, or exclusive physical events.)
• Brand new consumer experiences: Digital asset ownership provides established brands with unique opportunities to engage with consumers using new marketing initiatives. As an example, businesses validating consumer ownership of a particular set of tokens could provide a method of segmenting their customer base for targeted offers. In this new converged world, third parties will require simple, practical tools to perform validations, while consumers will require mechanisms to protect their privacy and secure digital assets.
• Our commitment to total privacy for users: The transparency provided by the blockchain allows anyone to view the tokens held by an Ethereum account. Our commitment to user privacy recognizes the growing need to support an economy based on pseudonymous identity. Therefore, when Tokenproof is used to verify token ownership, the user’s Ethereum account is not disclosed to the verifier, preventing unintended correlation of real-life identity with the Ethereum address of the Tokenproof holder.
• Tokenization of credentials is coming: It is likely that we may begin to see many credentials used throughout daily life becoming tokenized as organizations recognize the benefits of token-based digital assets. For example: building keys, driver's licenses, loyalty program memberships, or transportation tickets. The possibilities for token-based credentials are endless, and Tokenproof is the technology that’s ready to support this vision.

Examples

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.

Examples

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.

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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)…

☞ SIGN UP ON BINANCE

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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🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

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