Digital asset exchange Bitfinex announced on Thursday it is set to list the HUMAN Token (HMT), which is notably a medium of exchange that will be used to power the decentralized labor markets built on the HUMAN Protocol.
The HUMAN Protocol notably provides a hybrid framework for launching decentralized labor markets. The flagship application is currently built using the HUMAN Protocol is hCaptcha, the bot-blocking solution that Cloudflare chose to replace Google’s reCaptcha “due to privacy concern inherent to relying on a Google service”
While sharing details about the token launch, Paolo Ardoino, CTO at Bitfinex, stated:
“The HUMAN Protocol represents a genuine innovation using blockchain technology. We look forward to watching its community expand still further as the technology makes a valuable contribution to the digital asset ecosystem.”
James Roy Poulter, COO at HUMAN Protocol Foundation, further commented:
“We are very enthusiastic about our listing on Bitfinex. It marks a significant milestone for HUMAN and provides us an opportunity to expand our community.”
Bitfinex went on to add that spot markets for HMT will open on Bitfinex for trading at 3:00 PM UTC on October 28th with HMT- USD HMT-USDt trading pairs. Bitfinex will be the primary exchange platform for the trading of HMT. Ahead of the HMT listing on Bitfinex on October 28, the HUMAN Protocol Foundation will be launching the HUMAN Token ERC-20 contract. It is also planning to move hCaptcha, and other decentralized labor markets powered by the HUMAN protocol, onto the Ethereum blockchain for settlement, management, and compensation in phases (currently on PayPal)