As the internet has largely become a key part of our everyday lives, everything we do is becoming increasingly tied to the technology. There is no denying the fact that this has simplified a wide array of activities that would have seemed daunting.
However important the internet might be to us, there is absolutely no way we can deny how vulnerable this technology leaves us. Majority of the websites we patronize today have advertisement based tracking systems which are installed for the sole purpose of monitoring user activity. We would have been able to live with that if it was the whole story. These large self-seeking organizations take it a step further by trying to monetize our data in order to enrich their own pockets. Another major concern comes in form of malware attacks due to the hidden scripts often added to pages without our knowledge.
I am of the opinion that the time has come for users of the internet to have sole ownership of their data with the rights of determining when and how to share it.
Honeypod is a palm-sized smart hardware device which is connected to your internet router in order to intercept unwanted data, requests and scripts from entering into your internet connection. Honeypod intends to be the hub that connects all the devices in your immediate environment with the goal of handing your data (life) over to you. For a start, Honeypod will focus mainly on speed, privacy and payment transactions with plans underway to expand daily usability and partnerships over time.
Honeypod can also be defined as a mechanism that is set up to detect, deflect and counteract attempted unauthorized access to your devices.
Use cases of Honeypod tokens
You might start seeing the introduction of tokens on several platforms as becoming increasingly cliché. However, the tokens within Honeypod ecosystem has real use cases. Some of these applications include;
- Trading: The tokens offer a safe and secure method to purchase and subscribe to services that can be utilized on a daily basis.
- Online payments: Shopping online on the platform with the use of the tokens will reduce the incidence of identity and credit card theft as users will have no need to disclose personal information.
- Credit to users: Users have the option to watch ads for a potential HNY reward. This reward can be spent on the platform whichever way the user chooses.
- Credit from advertisers: Advertising networks that partner with Honeypod need to purchase tokens on the open market in order to reward users for viewing their ads.
Tokenomics and ICO details
The Honeypod token has the ticker “HNY" with a unit price of $0.05. The token sale of HNY will commence on Monday, 25th March, 2019 and will close either when the hardcap is reached ($2 million) or when the token sale period comes to an end.
Due to the manner in which we have being ripped of our data and being left vulnerable, the market was always open for a project which has the capacity of eliminating our fears and giving us total control of the totality of the data we generate. Honeypod has the potential to be the solution we've all been waiting for.
If you intend to learn more about the Honeypod project, you can visit any of the links listed below;
Official Website: http://honeypod.org/
Authors Btt Username: mtbosede
Authors Btt Url: https://bitcointalk.org/index.php?action=profile;u=2407189