Announcement: Instaraise Forms a Strategic Partnership with Hypersign
We’re delighted to share that Instaraise and Hypersign have formed an exciting strategic alliance in their efforts to help projects raise capital in a fair, transparent, and credible manner.
One of the most pressing issues confronting the crypto industry right now is the growing number of bots that are encroaching on the market and impeding community connection and growth. Bots have been known to pose problems in several areas, from when attempting to establish a project, to building a community on a platform, or even when trying to interact in other community areas. More than just mere convenience, bots, and fake identities have grown to become a rather serious issue in the crypto space. And this is the gap that this partnership between Hypersign and Instaraise aims to address.
Why Hypersign?
Hypersign is a cross-chain Identity protocol and whitelisting solution built on Polkadot & Ethereum that aims to give back privacy and control to users. With its primary mission of eliminating data breaches, giving back control over personal data to individuals, and democratizing security for enterprises, Hypersign aims to provide solid identity management and data security solutions.
In contrast to traditional identity management systems where too much trust is placed in a single ecosystem, the Hypersign ecosystem functions by replacing trust with Decentralised Identifiers (DID), where the trust is distributed among stakeholders. This opens the door to better security for both individual users and enterprises. Hypersign has various important use cases, ranging from identity and access management to IDO whitelisting, verified data markets, and KYC infrastructure.
The two key features of the are two-way authentication, which allows websites to authenticate users while also allowing users to verify the safety of a website, and independent verification, which allows websites to verify credentials without relying on third-party identity providers.
Hypersign’s four main tools for enterprises to quickly deploy decentralized password-less authentication solutions are as follows:
- Hypersign Identity Wallet
- Hypersign Studio
- Hypersign SDK
- Hypersign Adapters
About Instaraise
Instaraise is the first decentralized IDO Platform on Tezos, intending to empower projects through token distribution via auctions. Essentially, Instaraise is a platform that allows projects to raise funds in a decentralized and interoperable environment. By establishing a swap pool based on a fixed token purchase rate, capital can be successfully raised through Instaraise. For token sale investors, these so-called “Fixed Swap Pools” provide significant advantages over traditional fundraising models such as ICOs, IEOs, and IDOs (Initial DEX Offerings). The Fixed Swap Pools ensure that the token price remains constant during the sale until the entire original supply has been purchased.
Thanks to Instaraise, projects can raise and exchange capital immediately and at lower rates, and users can be confident that they are participating in a secure and compliant environment.
Hypersign’s whitelisting solutions will not only help users participate in fair sales on the Instaraise platform, but they will also help to eliminate bots and false identities. Given Hypersign’s objective of safeguarding people’s identities and empowering humans to take control of their data, this will assist the data owner in achieving specific efficiencies, such as establishing a trust or making transactions frictionless. As a result, the collaboration between Hypersign and Instaraise will undoubtedly be beneficial to crypto projects seeking to raise funds securely and transparently, with users’ identities effectively verified.
Exciting Times
The effective elimination of bots and false identities, as well as greater privacy and data security, will undoubtedly bring the crypto community closer to a decentralized future with fewer frustrations, snags, and threats.
To learn more about Instaraise and how we’ve been collaborating with Hypersign for this exciting new venture, check us out on our website or follow us on Medium, Twitter, and Telegram.
