Online Use Cases
At this time, there's a wide array of existing online use cases in which Tokenproof will add value to the ecosystem. In particular, preventing the many different scams that occur online when users are connecting their wallets to an app or service and losing their valuable tokens.
As the adoption of NFTs continues to accelerate, the prevalence of malicious actors will also grow as new opportunities for deception arise. Tokenproof will allow individuals to securely authenticate ownership of their tokens without the need to interact (physically or digitally) with the wallet in which those tokens are stored for total peace of mind.
Tokenproof can be implemented quickly and easily by online verifiers with a few simple lines of code and users only need to scan a QR code with their Tokenproof mobile wallet to prove ownership of their tokens.
Tokens can be used to authenticate users into token-gated sites for simplified access. Instead of needing to connect their Ethereum wallet and signing a message, users can now easily log in using Tokenproof. Token-based access can be used for traditional websites or web3 platforms such as Decentraland, Sandbox, and other applications in which users only want to log in without transacting at the blockchain level.
Proving token ownership to gain access to Discord servers with token-gated channels or to define appropriate user roles is becoming increasingly common. Yet, each time that an individual wishes to authenticate with a Discord Server they need to perform an interaction with the wallet holding their tokens, often resulting in a physical interaction (if a hardware wallet is used).
Tokenproof enables users to safely prove ownership of tokens and access token-gated benefits within Discord servers while also ensuring that hardware wallets are stored securely and physically locked away.
Tokenproof can be used to authenticate users of certain tokens where ownership is a requirement in an allowlist for a new project's mint.
E-commerce brands can now offer exclusive benefits to holders of certain tokens or NFTs. Online retailers can choose to create their own tokens, or offer unique benefits to third-party token holders with Tokenproof used to facilitate verification of eligibility.