ICO Token sale for Financial Inclusion app Humaniq nets 1200 BTC $1.5 million in 6 hours
Humaniq, the blockchain banking app offering financial inclusion solutions for the unbanked, only announced plans yesterday for its three-week public crowdsale which opened at 6 am this morning GMT. By noon London-time the ICO (Initial Coin Offer) recorded nearly 1200 BTC, USD 1.5M in purchased coins, breaking records in volume per hour.
Funds raised during the Token Sale will power Humaniq’s plans to bring mobile finance services to two million unbanked clients through an innovative app that relies on Ethereum, the decentralized, shared infrastructure platform founded by a Swiss non-profit in 2014.
Humaniq’s core, open-source technology will also act as a modular framework for third-party service providers including insurance companies, p2p lenders, and data security firms. Humaniq financial inclusion app, allows users to work, borrow, lend, save and pay using a protected biometric ID, which eliminates the need for traditional methods of ID and security, replacing passports and signatures, and enabling distribution as well as trading of digital assets via Humaniq’s cryptocurrency, HMQ. Humaniq will earn a small fee from access to the platform from the FinTech startups and financial organizations and a percentage of shares of FinTech startups which will grow in the Humaniq incubator/accelerator and participation in their profits.
According to founder and President and co-founder Alex Fork, Humaniq is “an entirely new banking experience” that does away with the entry barriers of traditional banks by providing “a simple UX and UI via mobile app” which allows users to work, borrow, lend, save and pay using a protected biometric ID. “No one can deprive this from anyone,” said Fork.
Humaniq is a disruptive platforms and concept focused in fintech trying to tackle financial inclusion using a blockchain crypto currency driven biometric platform. There are very few organisations and technology apps doing this with all the new tech available. The focus of this new organisation is in creating solutions using decentralised ledger solutions, IOT and AI driven solutions but our aim is to use it in a simple way to help people.
The Humaniq solution enables “token sale” participants to invest at preferred rates in selected future start-ups whose missions include ideas and solutions to build third-party products on the open-source stack via sister corporations.
The app’s innovative biometric authentication capability eliminates the need for traditional methods of ID and security, replacing passports and signatures, and enabling distribution and the trading of digital assets via Humaniq’s cryptocurrency, HMQ. Previously unbanked people thus only need their faces for positive identification.
Humaniq is a real solution to a mammoth global problem,” said Fork. “More than half the world lives on less than $2.50 a day; more than 80 per cent of the world’s population live in countries where income differentials continue to widen.” Fork is emphatic that his company can help reverse these trends and ease poverty by providing banking tools. “Providing liquidity for entrepreneurial ventures via loans, investment, online work and crypto-financing,” he says, “will create new opportunities in the digital economy, locally and globally.”
Funds raised during the Token Sale will power Humaniq’s mission to bring its mobile finance services to the 2 million unbanked people in different countries an communities all over the world, through the Humaniq app. Token Sale participants will receive an added bonus of 49.9 percent for the first 48 hours, a 25 percent bonus between April 8–14, and 12.5 percent during the final bonus period from April 15-21. Plus, Token Sale participants can invest – at preferred rates – in selected future startups with winning ideas and solutions to build third party products on the open source stack via a sister corporation.
“Typically, we are interested in the advanced Deep Tech projects on the forefront of cutting edge technologies and science. But in case of Humaniq we recognised that this project with a very high probability will be able to create Deep Impact for Social Good on a global scale. Therefore we decided to support it on the early stage, and on the next stage we will ensure with all our capabilities that Humaniq will be empowered by the direct access to the best world scientists and experts in field of Artificial Intelligence and Next-generations IT-technologies. This will be the first project where the best human minds will work in so straight forward way for the real benefits of humanity” – said Dmitry Kaminskiy, co-founder of Humaniq and managing partner of Deep Knowledge Ventures.
Humaniq is an Ethereum-based blockchain banking app building the next generation model for financial services. Launched in 2016, Humaniq aims to provide mobile finance to the 2 billion 2 billion unbanked population through its mobile app that uses biometric authentication to replace traditional methods of ID and security. For more information on the Humaniq token sale, visit .