# Test Network Explodes! $2.1B-Valued Humanity Protocol Prepares for TGE as Hype Soars

**Published by:** [SOL](https://paragraph.com/@web3-sol/)
**Published on:** 2025-06-03
**Categories:** humanity protocol
**URL:** https://paragraph.com/@web3-sol/test-network-explodes-dollar21b-valued-humanity-protocol-prepares-for-tge-as-hype-soars

## Content

Recent UpdatesOn June 1, Humanity Protocol reposted data showing 8 million human IDs registered on its testnet, hinting at an imminent push toward 10 million. Shortly after, Terence Kwok, founder of Humanity Protocol, shared insights on LOUDIO and the attention economy, signaling active preparations for the Token Generation Event (TGE) while inviting community feedback.What Is Humanity Protocol?In short, Humanity Protocol is an anti-Sybil network—similar to Worldcoin—that aims to verify real human users in Web3. Instead of iris scans, it uses palm recognition technology, accessible via smartphones, to establish Proof of Humanity (PoH).Key Stats (As of April 2025)Testnet users: Over 8.1M Human IDs (Phase 2)Market cap estimate: $11BRank: #1 in anti-Sybil solutionsWith momentum mirroring Worldcoin’s early hype, Humanity Protocol is now in its final pre-TGE phase, gearing up for a major exchange listing.Tech Edge: Palm Scans + ZKP + Anti-SybilDubbed a "sci-fi masterpiece" in blockchain, Humanity Protocol combines:Palm Recognition – Eliminates fake accounts with biometric proof.Zero-Knowledge Proofs (ZKP) – Developed with Polygon Labs & Animoca Brands, ensuring privacy-preserving verification.Web3 Identity Graph – Building an immutable, truth-bound identity layer for decentralized apps.Decentralized Fairness – Aims to reshape Web3 with transparent, human-first interactions.Team & BackingCore TeamTerence Kwok (CEO): Ex-founder of Tink Labs ($1.5B startup-turned-bankrupt), now focused on Humanity.Bijan (CPO): Former Livepeer product lead.Samo (Community): Ex-nft now and Quantum Art strategist.InvestorsBacked by Pantera Capital, Jump Crypto, Hashed, and Polygon, Humanity Protocol has raised funds at an $1.1B valuation.What’s Next?With Kwok’s April 16 announcement confirming TGE and token $H launch, Humanity Protocol eyes dominance in Web3 identity verification.Why It Stands Out vs. WorldcoinPrivacy: No invasive iris scans—just palm verification.Growth: Faster adoption (8M+ IDs vs. Worldcoin’s 5.6M in comparable phase).Decentralization: Stronger emphasis on user-controlled data.The goal? A digital world where everyone can declare: “Here, I am me.”

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