HumanIQ Rating Review

Stable

Investment Rating

Expire date: 2017-07-24


Humaniq is a mobile banking service for Android and iOS platforms based on the principles of blockchain and biometric identification, with an extended API functionality for connecting third-party projects to its own infrastructure.

Humaniq is a non-profit infrastructure project. The service aims to connect users from regions that are poorly covered by the banking infrastructure with a new type of a financial infrastructure using the blockchain-based application

By the new type of a financial infrastructure they mean services and platforms built on the principles of eliminating financial intermediaries, which simplify access to areas such as lending, insurance, investments, as well as sharing economy, machine learning, e-commerce, charity, and others.

By connecting regions that are poorly covered by financial infrastructure to its network, Humaniq creates a base of users that simply don’t have another more convenient banking system because of the underdeveloped region of their residence. Based on this user base, fintech startups that create a new type of financial services will be able to develop their next-generation services via the API.

ICOrating assigns the "Stable" rating to the Humaniq project.

Advantages:

  • A promising market direction of the project. Regions with the weak financial infrastructure have been monitored by traditional financial institutions and young fintech companies for a long time.
  • Founders have effectively solved the user identification problem in the regions with low literacy rates by introducing bio identification tools.
  • Infrastructural nature of the service opens great prospects for its development, by the possibility of connecting a potentially huge number of fintech services that will serve the users of the network.
  • The founder of the project has extensive experience in the fintech and the blockchain industry.
  • Huge scalability potential the project due to its infrastructural nature of the project and a huge number of people that are not covered by financial services.
  • A detailed motivation system for ambassadors.
  • Potentially serious competitive advantages.
  • Successful Pre-ICO.
  • Experienced team of technical specialists: Etherion Lab wrote smart-contracts for Waves and Ethereum ICO; VisionLab is a one of leading developer of bio identification solutions.

Weak points in the project include the following:

  • Financial motivation of investors is based only on the long term growth of the token market value. There are no other types of reward for investors.
  • Since the project is non-profit in nature, the model of further monetization of the platform is still poorly developed. So far the project has only a general outline of ideas, such as creating online jobs with charging fees for transactions by employers that offer remote work for the network users, for example, for viewing or editing content.
  • The value of the network, and as a therefore of the tokens, will grow as the number of active users increases, so there is no expectation of an "explosive growth" for the token value. Humaniq is a long-term investment project.
  • The introduction of bio identification for the ease of use has weakened the security of users’ funds and the network itself (standard passwords and authentication means are currently more reliable than bio identification), it will be necessary to develop new solutions to protect the data and prevent illegal release of tokens.

At the same time, it should be noted that the growth potential for the token value is of a long-term nature. So investors shouldn’t expect an active growth after the start of the secondary trading and the speculative potential in this case is minimal. As the user base of the project grows, as well as the number of projects connected to the infrastructure, their exchange value will grow, which in the long term can be very profitable.

Due to the long-term prospect of potential growth of the exchange value of tokens, the question whether to buy them during the ICO, or at the secondary market is quite natural. While there is no need to expect a strong price drop at the beginning of the secondary trading, the bonus system at the start of crowdsale gives quite significant benefits to investors.

The fact that the project aims to solve real and objective issues is a substantial advantage as well as a clearly defined target audience.

The potential of the market not covered by financial services is being discussed by both traditional financial institutions and fintech companies for a long time. It was only a matter of time before the first project, that aims to solve this problem would appear. It is not surprising that it came from the blockchain industry since the technology of the distributed database itself solves many problems that prevented traditional players from entering this market.

In our opinion, the team has all the necessary competencies and experience to implement the announced goals of the project.

Unbanked Population Market Opportunity

For the last years financial inclusion is an issue of growing importance to political and economic communities. Financial inclusion refers to the delivery of affordable and usable financial access for unbanked (who do not have their own bank accounts) and underbanked people (who have limited access to mainstream financial services). It positively correlated with economic growth and increased welfare: a one percent increase in financial inclusion adds 3.6 percent in GDP; widespread use of digital finance could boost annual GDP of all emerging economies by $3.7 trillion by 2025.

According to the World Bank, over 2 billion people (or 42% of the global adult population) have no access to banking services, whether payments or lending. This lack of access has created major barriers for people to borrow or save money. The unmet deposit demand of the un(der)banked demographic is at least US$360 billion.

Percentage of adults with traditional bank accounts (by geography)

As you can see, emerging markets have a high percentage of unbanked population. The largest opportunities rest in areas, such as the Middle East and sub-Saharan Africa where 86% and 66% of adults, respectively, do not have traditional bank accounts.

According to a report released by the European Investment Bank, average GDP per capita amounts to USD 1774 in African countries. Excluding the Republic of South Africa, 47% of sub-Saharan Africans live on less than USD 1.25 a day. These countries also have poor rankings in terms of social indicators. However, over the last decade sub-Saharan Africa

had improved business and macroeconomic environment, high commodity prices, and highly accommodating global financial conditions. Overall, the medium-term outlook remains favourable with growth expected to be driven by domestic demand, supported by continuing infrastructure investment and private consumption. It will probably lift millions out of poverty

and decrease amount of un(der)banked population over African continent.

Asia is estimated to have 850 million unbanked population (35% of adults), mainly in India, China, and Indonesia. Southeast Asia has one of the lowest banking penetration in Asia:

only 27% of 600 million people have a bank account (Cambodia has 5%).

India, with the world’s second-most populous nation and one of its fastest-growing economies, is also one of the most underbanked. With a working population of 600 million

India has the highest total unbanked population in Asia of around 233 million (2015).

Despite an economic growth is slowing the pace in Asia region, it has an immense potential for financial inclusion decrease due to millions of un(der)banked population and technological development.

Generally the degree of the financial inclusion issue and solutions for its decrease vary country by country. In recent years, some countries have set formal targets and goals for financial inclusion. Also World Bank Group initiated the Universal Financial Access 2020 which goal is involve over 1 billion people into financial sector through knowledge, technical and financial support, investment and advisory services. They will be able to have access to a transaction account to store money, send and receive payments. This initiative focuses on 25 priority countries where 73% of all financially excluded people live. Below you can see that India and China have the largest share of unbanked people and together they account for some 32% of them. According to the experts the un(der)banked market could evolve into a US$3 trillion payments volume opportunity.

Technology progress in financial sector       

Actually, there are almost perfect market condition for fintech industry in these countries.  It can both provide affordable and usable financial access to solve financial inclusion issue and underpin a broader and more innovative array of economic activity.

For the last decade ammount of mobile money accounts has soared up to 411 million globally. Moreover, “mobile money” is available in 85% of emerging countries and have proven to be an effective gateway for financial inclusion among the un(der)banked. For instance  it is estimated that in Kenya 70% of cash-based transactions are handled by mobile money service.

But mobile money services are only a part of the opportunity and have converted only a small fraction of the unbanked population into users of fintech services. Unlike mobile money networks which can only be used between users using the same telco network within specific country, Blockchain technology is a global, open network. It means funds can be sent anywhere, converted in almost any country and any currency. It could provide more access and improve the usability of financial services.  Due to an open source visible ledger for transactions, it allows people to transfer money “peer-to-peer” without 3rd parties, thereby cutting the cost and the time of the transaction.

For instance the global average cost of remittance as of December 2016 was 7.45 percent. Coins.ph, mobile blockchain-enabled platform operating in the Philippines and Thailand, enables Blockchain technology for cross-border payments with costs ranged from 1 to 3 percent. It is easy to use: users simply input their phone number, there is no minimum cash-in amounts nor monthly fees.

The use of blockchain technology is still at an early stage and there are challenges to widespread adoption. But it can play a significant role in accelerating financial inclusion and thus empowering and transforming the lives of billions.

Bioidentification

According to "A Blueprint for Digital Identity" report by World Economic Forum, identity is a critical topic in Financial Services today. Fintech innovation are limited by current state of identity systems. Biometrics as one of the major digital identity tool is gaining more and more popularity in the financial sector worldwide. The technology is claimed to be the most convenient method as users don’t have to remember the numbers, codes or passwords. Instead of it user can use his smartphone (put the finger or say a short phrase to the speaker). Realizing the power of convenience and habit, banks recently started rushing into the implementation of biometrics authentication in mobile banking. A short overview of these technologies follows.

Measuring heartbeats

Halifax bank has trialed 'cardiac authentication' technology which uses a customer’s heartbeat as security authentication for its digital financial services. It reads the customer's heart rhythms, which is said to be as unique as a person's fingerprint, to authenticate who they are.

Fingerprint recognition

A few years ago Barclays has launched the Barclays Biometric Reader, developed with Hitachi’s Finger Vein Authentication Technology (VeinID) – a new method for customer authentication in UK banking. By simply scanning their finger, customers were able to easily access their online bank accounts and authorize payments within seconds, without the need for PINs, passwords or authentication codes.

Voice recognition

Another bank, HSBC, has launched voice recognition and touch security services for up to 15 million UK banking customers. Its phone and mobile banking customers will no longer have to remember a password or memorable places and dates to access accounts. Users able to use ‘voice print’ for authentification, a recording of a short phrase which is then matched to their speech each time they log on. The technology takes into account speech patterns including speed, cadence and pronunciation as well as physical aspects such as the shape of the larynx, vocal tract and nasal passage.

Facial recognition

It supposed to be one of the most promising method of biometrics authentication. This technology has vast military and national security background and has proven its effectiveness. There are also various facial recognition solutions in financial sector. Mastercard recently announced the Identity Check Mobile for simplifying online shopping. A new payment technology application uses facial recognition to verify a cardholder’s identity. The technology is now being introduced across markets in Europe and Latin America. The consumer will get a pop-up on their cellphone when paying in the web shop, during which time, they will simply authorize the transaction using their fingerprint or facial recognition.

Atom Bank has launched its digital banking app which uses face and voice customer`s biometrics to log in. Other solutions are represented by: EON, Facephi, Tangerine, Uniqul.

According to experts even though the examples of implementation are limited and piloting, biometrics is anticipated to replace passwords and become mainstream for banks in a mid-term perspective. Also banks will need to have a whole range of biometric measures to really make this work.

The founder of the project Alex Fork noted that Humaniq is a non-commercial project like Bitcoin or Ethereum. This is the main reason for the project's release on the ICO.

Humaniq is an infrastructure platform, the purpose of which is a kind of aggregation of the population living in regions with poorly covered by the financial infrastructure. With the help of API, Humaniq will allow young fintech startups to connect to their network and provide users with a wide variety of services, and also develop on their basis various financial directions:

  1. Remote work: freelance platforms, CPA networks, the task from individuals.
  2. Fintech startups: various models of lending, insurance, sharing economy, machine learning, e-commerce. In this case, Humaniq platform provides access to other projects to this client base.
  3. Charity: now the largest charitable funds spend more money on delivering financial assistance in the territory of humanitarian catastrophes, what actually gets to the final people. A lot of problems are connected with fraud.

It is worth noting one very important point in the policy of building this service: the main interest for network participants is not in the business model, but in the creation of Valuable Network from a large number of counterparties, which should occur under Metcalf's law.

The involvement of a large number of people in the Humaniq network will directly affect its overall value, in the context of tokens - total capitalization. Investors will be able to profit from exchange rate differences on exchanges.

By connecting unbanked regions, Humaniq attracts that users to the system, which simply does not have another more convenient banking system due to the underdevelopment of the region. Additionally, the founders develop alternative options for project monetization by creating online jobs, charging commissions for transactions of employers offering, remote work for network users, for example, for viewing or editing content and so on.

According to Alex Fork, Humaniq tokens are a special tool for including large masses of people in the global financial system. This is not a means of accumulation, it is a unit of account. It is important to note that the role of accumulation in the Humaniq project is not the possession of HMQ tokens, but primarily their use, for example, loans to other network participants through the P2P lending partner. Acquisition of goods and services in closed communities or settlements. When purchasing goods from outside, Humaniq changes in the exchange office to a local means of payment.

Market entry strategy

The veritable effect of product promotion is to motivate users to get themselves a phone for doing common activities - this is a strong driver. In focal for the project financial-depressive regions this can be a very strong incentive.

On the part of ambassadors of the project, the program includes the availability of a fund to support the program of ambassadors, depending on the funds collected. The project plans to maintain the ambassadors in proportion to the number of users in the region. This budget is planned for Internet marketing, support from media, agitational media content. Thus, the founders plan to understand the dynamics and cases from different parts of the world and determine how to better act in the light of local and cultural specificities..

Ambassador is a kind of conductor of the project in the local country, who understand local characteristics and are the centers of project development on the ground. They are interested in attracting more users in Humaniq, for each connected user in the region, Ambassador receives bonuses. They are engaged in creating a network of exchange offices both online and offline, providing the exchange of Humaniq to local means of payment on the ground.

Financial plan

The project does not specify minimum and maximum thresholds for ICO targets. We asked Alex Fork to comment on this point: "The minimum amount of funds is not specified because all members of the team and ambassadors are committed to the implementation of the project, regardless of the funds raised, the funds involved help accelerate the disruption of these markets and achieve greater synergies. For the same reason, the maximum amount collected is not indicated. Interim targets are available in the personal account of my.humaniq.co ".

Given that pre-ico was successful and according to plan, this approach is not a concern. In the construction of such a large-scale business it is very difficult to put an upper target threshold.

Interest for investors

The project, according to its concept, plans to develop under Metcalfe's law. That is, the increase of the user base will take a certain amount of time, therefore, it is quite obvious that to obtain a significant benefit from investments it is necessary to hold the Humaniq token for at least a year or two.

The advantage of HMQ ownership is not in the receipt of dividends, but in the growth of liquidity of the Humaniq network. Similarly, there is no dividend in bitcoin and ethereum. At the same time, dividends can be obtained from projects and companies offering services for this network of users.

Financial innovative services overview and comparison

As mentioned above variety of fintech and blockchain projects break into financial markets of emerging countries. Let's take a look at the most successful of them and compare them with Humaniq. 

M-Pesa

The most experienced of them is M-Pesa, a mobile phone-based money transfer, financing and microfinancing service, launched in 2007 by Vodafone. This project has managed to reach 30 million users` base across 10 countries (over Africa, Asia and Eastern Europe). M-Pesa is a great example of mobile money services providing financial services for unbanked people. But despite support of Vodafone, for a decade it converted only a tiny fraction of the unbanked population of Africa.

BitPesa

At 2013 BitPesa, a universal payment and trading platform for Africa, was founded. Inspired by blockchain it provides an online platform to convert digital currency such as bitcoin into local African currencies. BitPesa raised funds over a few rounds of venture investment (the last for $2.5 million in 2017). As founders say “BitPesa does not compete directly with M-Pesa. Rather, we enable global digital transactions that build bridges between African companies and those around the world”. With over 9000 users and 34,000+ transactions in 2016, BitPesa does not perform well and seem to be kind of niche solution. 

WeTrust

A decentralized collaborative savings and insurance platform founded in 2016. Due to blockchain technology which is eliminating the need of a “trusted third party”, the startup offers “lower fees, improved incentive structures and a greater amount of capital to reside among the participants”.  WeTrust is in a proof of concept stage and has been raising funds through Initial coin offering procedure (ICO). It incentivises participants of ICO by sharing future platform's revenue with WeTrust token holders.

Humaniq

At the same year Humaniq was founded. As a WeTrust it utilize the Blockchain technology but it has more ambitious vision and more broad application range. Team is still hard working on their platform (MPV is available for iOS and Android) but in case of successful development Humaniq has disruptive potential for the next reasons:

  • Great opportunities for partners / third-party developers and even ordinary members of the community to participate in the implementation and development of the project.

And it's not just open source code and API interface. Developers offer a basic platform with a user base, on the basis of which it will be possible to implement various business models.

  • The ability for users to make and use tokens that used within the platform, without enumerating real fiat money.

The project implemented an innovative model for the tokens emission, designed to stimulate the rate of distribution of the platform among users through a referral program and regular use of the application during the first time.

  • Biometric identification of users.
  • Synergetic effect due to the possibility of implementing various business models. For example, as a result of loans generated a credit history, which is later used for insurance.

HumaniQ compare with the rest of the projects would not be entirely correct due to the difference in applications.

Use cases

Humaniq

WeTrust

M-Pesa

BitPesa

remittance / money transfers

+

-

-

+

direct lending

+

+

+

-

insurance

+

+

-

-

credit identities

+

+

-

-

mobile wallet

+

-

+

-

payments for goods / services

+

-

+

-

micropayments  (for example to charity)

+

-

-

-

As shown in the table above  Humaniq covers the widest range of use cases.

You can see there that in term of use cases variety the closest competitor is M-Pesa which has its pros and cons considered further.

In the next table conceptual pros and cons in comparison with Humaniq are presented.

 

 

M-Pesa

BitPesa

WeTrust

Humaniq advantages

  • more flexibility, scalability, security and transparency  due to using of Blockchain technology
  • bio identification
  • lower costs and fees
  • more uses cases
  • more flexibility due to independence to fiat infrastructure
  • better usability
  • lower costs and fees
  • more uses cases
  • more token`s emission opportunities
  • easy-mining of tokens for users
  • better usability

 

 

Humaniq disadvantages

  • legal issues
  • lack of infrastructure (“cashiers”)
  • legal issues
  • no profit sharing with token holders

The problem with the agency infrastructure will be solved by Humaniq through a decentralized solution: the agents for the exchange of digital means of payment circulating in the system will be able to act by users who will receive a commission for their services. This will allow achieving high rates to attract new users to the system.

The legal issue represents one of the biggest risks of the HumaniQ project. But his decision may not be far off. Firstly, as in any other sphere, regulation will try to keep pace with the development of the crypto industry, and, probably, soon the solution of the legitimacy of circulation of cryptocurrencies in the economies of developing countries will appear. Secondly, at the first stages of development, HumaniQ can conclude partner agreements with existing operators (for example, how BitPesa concluded with M-Pesa). Thirdly, at the present time there are already jurisdictions in which the crypto currency is legalized, their experience can be used by other countries.

Blockchain

Initially, Humaniq will use Ethereum blockchain to release tokens and system operation. Standard ERC 20 tokens released on that blockchain are easy to integrate with applications and exchanges when listing, as well as convenient for developers.

The Whitepaper raised the issue of providing the lowest cost of transactions HMQ tokens. In the first few months, developers will take payment of commissions in the Ethereum network for themselves, then users will pay the commission themselves. We asked a reasonable question - do developers consider the option of using another blockchain, for example Ethereum Classic for the project, since the cost of transactions on it is 10 times smaller. We received the following comments from Alex Fork:

"We basically do not adhere to concrete decisions. Now it is important to run a working product - up to 100-300 thousand users - Ethereum blockchain will suffice. The cost of the commission will be previously $ 1500 per month. I have no prejudice in using Ethereum Classic, I talked with several people about Classic, including in China, but did not get a clear position. I also talked to Sergio from RSK. Another point on which I hope that Ethereum team will release a decent POS. This will radically change the capacity and reduce the cost of commissions. In this way, it will prolong the life of the Humaniq project on the Ethereum blockchain. Obviously, it is not effective to create and maintain your own blockchain, although in the future we may need a specialized solution."

Tokens

The Humaiq platform token will be called HMQ. In Humaniq, the amount of tokens that one person can mint is limited. Issue of tokens is performed using the algorithm proof-of-face.

Users will receive a different number of tokens for performing certain actions in the mobile application, for example: mobile app installation, receiving first coins, passing the bioidentification. Initially, users will receive more tokens for these actions, and as the number of users increases and the value of tokens increases, the issue will decrease. This is described in more detail in WhitePaper in paragraph 4. Emission model on page 10.

The number of users who will be able to issue tokens will be limited, but this number will be quite large. According to the results of pre-ICO, we can already say that the minimum number of issuers will be more than 248 thousand, and after the ICO it will only increase. The maximum number of tokens in the system is five times the number of tokens released as a result of ICO and pre-ICO.

To conduct the ICO, a contract will be created that will distribute the HMQ tokens after the ICO.

Humaniq components

There are three key components of Humaniq:

  • The app (which is essentially also the mobile wallet)
  • Humaniq servers
  • Contracts on Ethereum Blockchain

In the future, the system will be more decentralized, and the source code of all its components will be fully open.

Mobile Wallet  and Bioidentification

The tokens will be emitted using a mobile application. Its main part is bioID solution by means of which will be held biol identification.

This bioidentification is arranged as follows. A registrant is required to make a photo of him or her by the smartphone, to record a video of smiling and grimming, and to pronounce the text shown on the screen. To avoid counterfeits, the device ID is added and random character generator is pronounced by a person when recording; it eliminates the ability to use pre-prepared audio tracks. All the instructions are shown on the mobile phone screen, so of course no pre-requisite knowledge are needed to use the app, nothing is needed to know about the app in advance.

Bioidentification is one of the key fittings of the Humaniq system. For the operation of the system, it is critical to ensure that illegal users can not be registered by using bioidentification bypass, since this will allow the release of a large number of tokens. Also, in case of vulnerability occurrence it will be necessary to promptly suspend bioidentification (and with it also the issue of tokens) for the time of its elimination.

We received the following comments on our questions:

"VisionLab project will take up the issues of counterfeiting - it is the market leader in biometric identification. As for the speed of emission, the "Scoring function" is engaged in this, eventually it will be transferred to machine learning algorithms: from the point of view of fighting with fraud, and increasing the distribution of the payment network through emission. Later, the AI strategy for the project will be prepared. "

Mobile Wallet manages private and public keys for the user, which are used to sign transactions locally. It also has a built-in module for collecting biometric user data, such as voice and video, which can be used to bind user with his identity and provide them with additional features of the platform, such as activity- or action-based emission. This authentication method takes less than five seconds and requires no e-mail, SMS, passport, and you shall not worry about losing or forgetting your password.

Also important is the issue of securing secret keys on the user's device and encrypting them, as well as restoring access to the account in the event of a lost device:

"We plan to release a separate document describing current solutions and alternative ones. We secure the keys on the central server until we have the technology to do otherwise. To restore the account, VisionLAb has special algorithms for user identification based on all data, with a region selection restriction, pin code and other characteristics. "

Humaniq servers

Data obtained during bioidentification will be stored in a decentralized storage in an encrypted form, for this purpose a solution resembling Storj or (announced by Ethereum) Swarm will be developed. This data will be automatically verified by the nodes. Also nods will verify transactions.

Contracts on Ethereum Blockchain

There are two contracts that are already deployed on the blockchain. First one is Standard Token Contract (ERC 20) contract that keeps track of user balances and allows them to transfer tokens between each other. Second one is responsible for token emission. If the user already has Humaniq tokens they might transact directly using Token smart contract bypassing Humaniq servers.

Github

The code for Humaniq will be open source, and the repository will be provided after ICO.

Presently you can view part of the contact code on Github. They are developed by Etherion Lab

Documentation is made at a high level, Whitepaper is available in 6 languages:

Escrow

Below is the list of escrow wallet-holder  signees:

Supply

The ICO starts by 6 Apr 2017, CET 00:00 and ends by 26 Apr 2017, CET 23:59. During the ICO Humaniq will sell as many tokens as investors need. That will be 86% of the total supply. After the ICO is finished the other 14% will be distributed to the team (7%) and marketing (7%).

The minimum amount of funds is not specified because all team members and ambassadors are set up to implement the project regardless of the funds raise. For the same reason, the maximum amount collected is not indicated. Intermediate targets available in your account.

The maximum possible number of HMQ tokens emitted after the ICO may be a maximum of five times the number of tokens emitted by ICO and pre-ICO (31824818 HMQ tokens have already been distributed during the Pre-ICO).

Tokens can be purchased for BTC, ETH. 1 ETH buys 1000 HMQ (+ bonuses) for BTC buyers: your counts as the equivalent amount of ETH.

Early investors will receive bonuses:

  • 6-7th of Apr + 49.9%
  • 8-14th of Apr + 25%
  • 15-21th of Apr + 12.5%
  • 22-26th of Apr + 0%

On pre-ICO it was possible to buy HMQ tokens at a more favorable price: 1 ETH buys 1500 HMQ:

  • First 12 hours + 70%
  • 16th of Dec + 50%
  • 17-19th of Dec + 33%
  • 20-22nd of Dec + 20%
  • 23-25th of Dec + 7%
  • 26-28th of Dec + 0%

Bounties

Three percent of the released tokens will be used to reward members of the bounty program's.

There are several types of bounty:

  • 50%: Signature Сampaign
  • 40%: Avatar Campaign
  • 10%: Newsletter subscription

For more information on the terms of the bounty program, see Humaniq  post on Bitcointalk.

Humaniq has 3 locations: Moscow, Luxembourg and London. The London office is a strategic hub for developing partnerships with startups, emerging technology experts, humanitarian organizations.

Proof of developer

The team is not anonymous and is active on a few social networks.

Experience

All information provided is given according to the project’s official website, public sources, as well as team members’ LinkedIn and GitHub profiles.

Founders

Alex Fork (LinkedIn) - CEO

  • Founder of the Future Fintech accelerator.
  • A member of the board at Blockchain.community
  • Founder of an Ethereum conference (Moscow)
  • Author of the book “Bitcoin. More than money”

He has extensive fintech and blockchain experience.

Richard Kastelein (LinkedIn) - Chief marketing officer (CMO), publisher, event designer and speaker

  • Publisher of Blockchain News, the online source for Blockchain Technology
  • Director at Blockchain Partners, a consulting firm
  • Founder of the London Cryptofinancing Conference
  • Sits on the steering committee of the Blockchain Ecosystem Network
  • Advisor with a number Blockchain startups (DECENT, Inchain, Chronobank, eGaas and others)

He has extensive business and blockchain experience.

Alexander Perkins (LinkedIn) - Vice President (American market)

  • An associate at Deep Knowledge Ventures
  • Co-founder Dreamleague Gaming

He has extensive business experience, but no recorded blockchain experience.

Advisors

Diana Biggs (LinkedIn) - financial inclusion expert

  • Vice President of Growth and Partnerships, UK & EMEA, for digital currency platform Uphold
  • Chief Strategy Officer for Soko, a Kenya-based e-commerce platform and social enterprise

She has extensive business experience (building and managing large-scale projects in developing markets)

Dinis Guarda (LinkedIn) - business and digital transformation strategy

  • Digi-Arts UNESCO
  • Greenpeace
  • Institute of Contemporary Arts

He has extensive business and blockchain experience.

Ambassadors

Humaniq’s ambassadors are regional and country specific advocates who will educate people how to use Humaniq. They have an additional mission: scouting out the locations and companies that will act as mobile cashiers.

Alakanani Itireleng (LinkedIn) - Lead Ambassador, advocate for Bitcoin and cryptocurrency adoption in Africa

  • Founder and Director at Satoshi Centre

She has educational blockchain experience.

Humaniq has been actively recruiting Ambassadors, for now they are presented in the next countries: Australia, Zimbabwe, Sierra Leone, Ghana, Lesotho, South Africa.

Project`s team has an extensive business experience. We consider them to have enough experience and expertise for successful project`s implementation.

Activity

The team is active on Twitter, Slack, Facebook, Bitcointalk, and via e-mail, answering most users’ questions. We were able to talk to founders over Internet and they answered our questions.

They also have an active blog.

Feedback

The Crypto-community

Humaniq launched an ANN thread on Bitcointalk on Dec 11, 2016. The project received considerable attention, getting about 400 replies over 3.5 months. For the first time opinions of the commentators were skeptical because of  founder`s identity issues,  lack of project`s information on topic and some technical issues. Later positive comments prevailed. The project team quickly answered questions in the project thread.

Marketing

Richard Kastelein is in charge of Humaniq’s marketing. He is regarded as one of the top journalists by the Blockchain and fintech communities.

The company has extensive social media presence:

Besides social media marketing, team has also been attending a lot of blockchain and fintech conference:

Community. As mentioned above, the community’s opinion is divided due to scam concerns and concept flows. But a lot of people expressed positive feedback about project`s ambition perspectives and investment opportunities.

Media attention. Humaniq has received wide press coverage from various crypto and financial media outlets such as Cointelegraph, Bitcoinmagazine, The Merkle, The Blockchain, Bitcoinchaser, Smithandcrown, Thedashtimes, 52ico, Criptonoticias, Bitcoinnews and Financemagnates.

Announcement

Bitcointalk

  • Account - Jr. Member
  • Non Self-Moderated Announcement Thread

Website

  • Has a detailed and professionally designed website.
  • The site provides basic information and a link to documents with detailed information about the project.
  • Multilanguage support: whitepaper is available in English, Chinese, German, Spanish and French; website available in both English and Chinese.

 

The information contained in the document is for informational purposes only. The views expressed in this document are solely personal stance of the ICOrating Team, based on data from open access and information that developers provided to the team through Skype, email or other means of communication.

Our goal is to increase the transparency and reliability of the young ICO market and to minimize the risk of fraud.

We appreciate feedback with constructive comments, suggestions and ideas on how to make the analysis more comprehensive and informative.