tokenproof.xyz OLD
  • General
    • Introduction
    • Why tokenproof is Needed
    • Our Vision and Ethos
    • How Tokenproof Works
    • Offline Use Cases
    • Online Use Cases
    • Pricing and Membership
    • For Verifiers
  • Tokenproof Apps
    • Enrollment App
    • Mobile Wallet
    • Mobile Verifier
    • Verifier Portal
    • Online Verifier
  • Technical Documentation
    • Issuing a tokenproof
    • Presenting a tokenproof
    • Verifying a tokenproof
  • Misc
    • Team
    • Roadmap
    • FAQs
  • Links
    • Twitter
    • Discord
    • Website
    • E-Mail
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  1. General

Introduction

NextWhy tokenproof is Needed

Last updated 3 years ago

tokenproof: Unlocking Possibilities, with peace of mind

  • tokenproof is access - enabling users to prove ownership of NFTs at online and IRL token-gates without the need to expose the actual wallet or tokens themselves. tokenproof binds your Ethereum accounts with your mobile device while protecting your privacy and safety.

  • tokenproof is protection - You can use tokenproof to sign into services, claim discord roles, gain access to allowlists, or even get a discount at a token-gated e-commerce shop.

  • tokenproof brings NFTs to the offline world - can be used IRL to access events, fitness clubs, restaurants, and any token-gated venue, as well as claiming benefits like getting a discount at a shop based on your NFTs. Tokenproof is the future.

As wide adoption of non-fungible tokens (NFTs) becomes a reality, there is an emergent need for solutions that allow individuals to securely prove ownership of their tokens, while reducing the risk of loss or theft, both online and in the real world.

For example, an event organizer may want to host an event and limit attendance to owners of a particular NFT collection. The challenge is that tokens often hold significant monetary value, and owners of such tokens would rather not risk traveling to events with hot wallets. tokenproof solves this.

Additionally, traditional brands are entering the space as a way to captivate new audiences and build communities. Soon, these brands are going to offer products, experiences, and rewards based on token ownership, in a convergence of the offline and online worlds. This solidifies the need for safe and practical solutions for token ownership validation, and that's why we're here.

In the online world, individuals need to prove ownership of their tokens in order to claim a benefit, such as gaining entry into a Discord server, or logging into a token-gated site. Similarly, we envision a near future where e-commerce merchants provide benefits or discounts to owners of specific tokens. As these scenarios become reality, it would be highly impractical and unsafe to require users to connect their actual wallets where the only purpose is to prove ownership of assets.

Tokenproof enables individuals to carry a proof of ownership token linked to both their Ethereum account and their mobile device. After generating this token called the tokenproof token, the user can easily authenticate ownership of their digital assets while keeping the actual tokens safe in cold storage.