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Light paper
abstract
HB Project is a leading user-centric Web3 social platform for popular adoption, aiming to become an Enterprise DEX and Enterprise Infrastructure. Unlike other one-sided, following-only relationships, HB Project creates two-way, friend-type social relationships and enables real-time interaction based on HB community usage scenarios. This light paper describes three key elements of the HB Project mission.
Social Central: Builds the largest enterprise platform and infrastructure around real world and two-way connections.
Gateway for All: Connect Web3 and Web2 to enable users and developers to discover, deploy, and trade crypto assets in a unique social and group-based way.
Community Prosperity: Fostering inclusive, trustworthy, and rewarding socioeconomic communities.
Unleashing the power of SOCIAL is the key to widespread Web3 adoption, and HB Project is leading the way in socialized Web3 interactions by taking the lead. HB Project offers a variety of user-friendly Dapps that seamlessly integrate into Telegram and other real-world social platforms. These applications include onboarding, graph formation, group tools, and socialized Web3 interactions. Breakthroughs are in the transformation of real groups into Web3 operational units by encrypting and standardizing them. This innovative approach positions groups as the focus of Web3 applications, demonstrating innovative progress in social and virtual interaction innovation.
To ensure simplicity, fairness, and effectiveness, HB Project adopts an innovative dual token (on-chain point and token) economic model. This strategic balance enhances the user experience and amplifies the impact of the platform.
1. Real Challenges We Address: Ownership, Trust, and Inclusion
1.1 Lack of clarity in social data ownership
The lack of clear ownership of social data poses a serious problem, but social data and networks are valuable and irreplaceable assets for all of humanity.
In a centralized web world (Web2), users generate significant data but benefit little. This ownership gap prevents developers from creating innovative products and features. User-owned accessible and configurable data is essential for developers looking to initiate network effects. Ownership issues extend to social groups with long-standing conflicts between group leaders and group members.
1.2 Trust is one of the biggest concerns
Even though blockchain technology is designed to solve trust issues in the web world, carpet dragging still occurs very often. This is partly caused by anonymous mechanisms. And we believe that social graphs and socialized interactions can improve trust and create greater sense of security. Because it is human nature that people show more integrity and reputation in front of people they know.
2. A trust-based social system is our solution
To overcome the mentioned challenges, social interactions and discussions, including interactions related to Web3 finance topics, are seamlessly integrated into deep socialized experiences to foster trust and achieve prosperity for everyone.
2.1 Design Philosophy and Principles
During the evolution of the HB project, we took the following three core principles and philosophy as a guide.
User sovereignty takes precedence. User sovereignty includes users having online identity, social connections, ownership and control over social data, and data privacy.
Synergy with real world connections. We believe real world connections represent and reflect a person's reputation, credibility, and values. This fills a key gap that has been missing so far from blockchain and token-based protocols.
Inclusion for users and developers. Create user-friendly products in both Web2 and Web3 environments, and provide an open source, easily integrated infrastructure for developers to promote scalability.