☑ [ANN] ☰ [ ICO 06|04|2017 ] ☰ Humaniq — Discover the unbanked

[Pap0u]

Humaniq is the next project to join that cindarella story of going from 5 million to 1 billion market cap. That is a fact.

[1714710597]

1714710597

[Jingis]

So if I understand this correctly you can only access your cash with your face.
I have a question, what happens if I have an accident and my face is fucked up and the app cant recognize me anymore? Is my money gone? Or what if I die can my family get the money somehow?

[blg42598]

How long will it take to reach the max supply? It is quite a lot of coins

[goforgold99]

I have a couple of concerns / questions about this project. Please help me answer:

1) The whitepaper states the HMQ unit is integer and not fractional.

This means the smallest payment that can be made is 1 HMQ.

At some point 1 HMQ might become as valuable as 1 USD or 10 USD or even more (currently $0.16). Let's say 1 HMQ == 10 USD. Then, 10 USD will be the minimum payment that must be made via the Humaniq App.

This is not desirable, especially not in developing countries where many people live on as little as USD 2 per day (stated in their white paper). How shall this problem be solved?


2) The white paper states:

"Emission proceeds until kmax people are registered. kmax should be relatively big."
[...]
"Denote the total amount of coins sold via Pre-ICO + ICO by Vico"
[...]
"The objective number 4 states that the total average number of coins that a user can mint in-app must be close to 500"
[...]
"kmax = round (Vico/125)"
[...]
"the maximum possible amount of Humaniq coins is limited by 5Vico"

Now the question is how big is Vico:

- Etherscan (https://etherscan.io/token/Humaniq) says there are currently 184,190,414 HMQ
- The ICO contract code (https://etherscan.io/address/0xcbcc0f036ed4788f63fc0fee32873d6a7487b908#code):

    // 31 820 314 tokens were minted during preICO
    uint constant public preICOSupply = mul(31820314, 100000000);

    // 131 038 286 tokens were minted during ICO
    uint constant public ICOSupply = mul(131038286, 100000000);

which leads to 31820314+131038286 = 162,858,600 HMQ


a) The maximum number of users to receive token emission is 162,858,600 HMQ / 500 HMQ = 325,717. The maximum number of HMQ there will ever be is 5*162,858,600 HMQ = 814,293,000 HMQ. With the conservative assumption that every user will have only about 500 HMQ, the maximum number of total users is: 814,293,000 / 500 = 1,628,586.
Only 1.6 Million users. You are advertising of targeting 2 Billion users. How can this fit?

b) Why are the numbers of Etherscan and the contract different? Was there already an emission of 184,190,414 - 162,858,600 = 21,331,814 HMQ? To who? With an average of 500 HMQ per user, this would mean already 42,663 are using your app. But there is no app, yet.

Please comment

[Fastpow]

I have a couple of concerns / questions about this project. Please help me answer:

1) The whitepaper states the HMQ unit is integer and not fractional.

This means the smallest payment that can be made is 1 HMQ.

At some point 1 HMQ might become as valuable as 1 USD or 10 USD or even more (currently $0.16). Let's say 1 HMQ == 10 USD. Then, 10 USD will be the minimum payment that must be made via the Humaniq App.

This is not desirable, especially not in developing countries where many people live on as little as USD 2 per day (stated in their white paper). How shall this problem be solved?


2) The white paper states:

"Emission proceeds until kmax people are registered. kmax should be relatively big."
[...]
"Denote the total amount of coins sold via Pre-ICO + ICO by Vico"
[...]
"The objective number 4 states that the total average number of coins that a user can mint in-app must be close to 500"
[...]
"kmax = round (Vico/125)"
[...]
"the maximum possible amount of Humaniq coins is limited by 5Vico"

Now the question is how big is Vico:

- Etherscan (https://etherscan.io/token/Humaniq) says there are currently 184,190,414 HMQ
- The ICO contract code (https://etherscan.io/address/0xcbcc0f036ed4788f63fc0fee32873d6a7487b908#code):

    // 31 820 314 tokens were minted during preICO
    uint constant public preICOSupply = mul(31820314, 100000000);

    // 131 038 286 tokens were minted during ICO
    uint constant public ICOSupply = mul(131038286, 100000000);

which leads to 31820314+131038286 = 162,858,600 HMQ


a) The maximum number of users to receive token emission is 162,858,600 HMQ / 500 HMQ = 325,717. The maximum number of HMQ there will ever be is 5*162,858,600 HMQ = 814,293,000 HMQ. With the conservative assumption that every user will have only about 500 HMQ, the maximum number of total users is: 814,293,000 / 500 = 1,628,586.
Only 1.6 Million users. You are advertising of targeting 2 Billion users. How can this fit?

b) Why are the numbers of Etherscan and the contract different? Was there already an emission of 184,190,414 - 162,858,600 = 21,331,814 HMQ? To who? With an average of 500 HMQ per user, this would mean already 42,663 are using your app. But there is no app, yet.

Please comment

You should post these questions in the AMA event page for tomorrow. The CEO of humaniq will be personally able to answer them I suppose.

[moriskarlov]

You should post these questions in the AMA event page for tomorrow. The CEO of humaniq will be personally able to answer them I suppose.

Sorry, i didn`t hear about this event. Where is that AMA event`s page located?

[TheMuppet]

https://www.facebook.com/humaniq.co/videos/613610972181373/

[Humaniq.co]

I have a couple of concerns / questions about this project. Please help me answer:

1) The whitepaper states the HMQ unit is integer and not fractional.

This means the smallest payment that can be made is 1 HMQ.

At some point 1 HMQ might become as valuable as 1 USD or 10 USD or even more (currently $0.16). Let's say 1 HMQ == 10 USD. Then, 10 USD will be the minimum payment that must be made via the Humaniq App.

This is not desirable, especially not in developing countries where many people live on as little as USD 2 per day (stated in their white paper). How shall this problem be solved?


2) The white paper states:

"Emission proceeds until kmax people are registered. kmax should be relatively big."
[...]
"Denote the total amount of coins sold via Pre-ICO + ICO by Vico"
[...]
"The objective number 4 states that the total average number of coins that a user can mint in-app must be close to 500"
[...]
"kmax = round (Vico/125)"
[...]
"the maximum possible amount of Humaniq coins is limited by 5Vico"

Now the question is how big is Vico:

- Etherscan (https://etherscan.io/token/Humaniq) says there are currently 184,190,414 HMQ
- The ICO contract code (https://etherscan.io/address/0xcbcc0f036ed4788f63fc0fee32873d6a7487b908#code):

    // 31 820 314 tokens were minted during preICO
    uint constant public preICOSupply = mul(31820314, 100000000);

    // 131 038 286 tokens were minted during ICO
    uint constant public ICOSupply = mul(131038286, 100000000);

which leads to 31820314+131038286 = 162,858,600 HMQ


a) The maximum number of users to receive token emission is 162,858,600 HMQ / 500 HMQ = 325,717. The maximum number of HMQ there will ever be is 5*162,858,600 HMQ = 814,293,000 HMQ. With the conservative assumption that every user will have only about 500 HMQ, the maximum number of total users is: 814,293,000 / 500 = 1,628,586.
Only 1.6 Million users. You are advertising of targeting 2 Billion users. How can this fit?

b) Why are the numbers of Etherscan and the contract different? Was there already an emission of 184,190,414 - 162,858,600 = 21,331,814 HMQ? To who? With an average of 500 HMQ per user, this would mean already 42,663 are using your app. But there is no app, yet.

Please comment

Ok, seems like you are a very smart person, lets try to think where there is a huge error in your assumptions, and in your questions?

[sputnik1]

I have a couple of concerns / questions about this project. Please help me answer:

1) The whitepaper states the HMQ unit is integer and not fractional.

This means the smallest payment that can be made is 1 HMQ.

At some point 1 HMQ might become as valuable as 1 USD or 10 USD or even more (currently $0.16). Let's say 1 HMQ == 10 USD. Then, 10 USD will be the minimum payment that must be made via the Humaniq App.

This is not desirable, especially not in developing countries where many people live on as little as USD 2 per day (stated in their white paper). How shall this problem be solved?


2) The white paper states:

"Emission proceeds until kmax people are registered. kmax should be relatively big."
[...]
"Denote the total amount of coins sold via Pre-ICO + ICO by Vico"
[...]
"The objective number 4 states that the total average number of coins that a user can mint in-app must be close to 500"
[...]
"kmax = round (Vico/125)"
[...]
"the maximum possible amount of Humaniq coins is limited by 5Vico"

Now the question is how big is Vico:

- Etherscan (https://etherscan.io/token/Humaniq) says there are currently 184,190,414 HMQ
- The ICO contract code (https://etherscan.io/address/0xcbcc0f036ed4788f63fc0fee32873d6a7487b908#code):

    // 31 820 314 tokens were minted during preICO
    uint constant public preICOSupply = mul(31820314, 100000000);

    // 131 038 286 tokens were minted during ICO
    uint constant public ICOSupply = mul(131038286, 100000000);

which leads to 31820314+131038286 = 162,858,600 HMQ


a) The maximum number of users to receive token emission is 162,858,600 HMQ / 500 HMQ = 325,717. The maximum number of HMQ there will ever be is 5*162,858,600 HMQ = 814,293,000 HMQ. With the conservative assumption that every user will have only about 500 HMQ, the maximum number of total users is: 814,293,000 / 500 = 1,628,586.
Only 1.6 Million users. You are advertising of targeting 2 Billion users. How can this fit?

b) Why are the numbers of Etherscan and the contract different? Was there already an emission of 184,190,414 - 162,858,600 = 21,331,814 HMQ? To who? With an average of 500 HMQ per user, this would mean already 42,663 are using your app. But there is no app, yet.

Please comment

Ok, seems like you are a very smart person, lets try to think where there is a huge error in your assumptions, and in your questions?

21,331,814 HMQ was allocated for Dev team ready to dump when the price is higher. this is a complete joke ~22M tokens plus 5M during ico .. only dev team can make money here investors will not don't be fool people

[Jeffrey_memb]

I have a couple of concerns / questions about this project. Please help me answer:

1) The whitepaper states the HMQ unit is integer and not fractional.

This means the smallest payment that can be made is 1 HMQ.

At some point 1 HMQ might become as valuable as 1 USD or 10 USD or even more (currently $0.16). Let's say 1 HMQ == 10 USD. Then, 10 USD will be the minimum payment that must be made via the Humaniq App.

This is not desirable, especially not in developing countries where many people live on as little as USD 2 per day (stated in their white paper). How shall this problem be solved?


2) The white paper states:

"Emission proceeds until kmax people are registered. kmax should be relatively big."
[...]
"Denote the total amount of coins sold via Pre-ICO + ICO by Vico"
[...]
"The objective number 4 states that the total average number of coins that a user can mint in-app must be close to 500"
[...]
"kmax = round (Vico/125)"
[...]
"the maximum possible amount of Humaniq coins is limited by 5Vico"

Now the question is how big is Vico:

- Etherscan (https://etherscan.io/token/Humaniq) says there are currently 184,190,414 HMQ
- The ICO contract code (https://etherscan.io/address/0xcbcc0f036ed4788f63fc0fee32873d6a7487b908#code):

    // 31 820 314 tokens were minted during preICO
    uint constant public preICOSupply = mul(31820314, 100000000);

    // 131 038 286 tokens were minted during ICO
    uint constant public ICOSupply = mul(131038286, 100000000);

which leads to 31820314+131038286 = 162,858,600 HMQ


a) The maximum number of users to receive token emission is 162,858,600 HMQ / 500 HMQ = 325,717. The maximum number of HMQ there will ever be is 5*162,858,600 HMQ = 814,293,000 HMQ. With the conservative assumption that every user will have only about 500 HMQ, the maximum number of total users is: 814,293,000 / 500 = 1,628,586.
Only 1.6 Million users. You are advertising of targeting 2 Billion users. How can this fit?

b) Why are the numbers of Etherscan and the contract different? Was there already an emission of 184,190,414 - 162,858,600 = 21,331,814 HMQ? To who? With an average of 500 HMQ per user, this would mean already 42,663 are using your app. But there is no app, yet.

Please comment

Ok, seems like you are a very smart person, lets try to think where there is a huge error in your assumptions, and in your questions?

21,331,814 HMQ was allocated for Dev team ready to dump when the price is higher. this is a complete joke ~22M tokens plus 5M during ico .. only dev team can make money here investors will not don't be fool people

Only dev team can make money here? Mhh strange... because i am now on x3 on this here

[Fastpow]

I have a couple of concerns / questions about this project. Please help me answer:

1) The whitepaper states the HMQ unit is integer and not fractional.

This means the smallest payment that can be made is 1 HMQ.

At some point 1 HMQ might become as valuable as 1 USD or 10 USD or even more (currently $0.16). Let's say 1 HMQ == 10 USD. Then, 10 USD will be the minimum payment that must be made via the Humaniq App.

This is not desirable, especially not in developing countries where many people live on as little as USD 2 per day (stated in their white paper). How shall this problem be solved?


2) The white paper states:

"Emission proceeds until kmax people are registered. kmax should be relatively big."
[...]
"Denote the total amount of coins sold via Pre-ICO + ICO by Vico"
[...]
"The objective number 4 states that the total average number of coins that a user can mint in-app must be close to 500"
[...]
"kmax = round (Vico/125)"
[...]
"the maximum possible amount of Humaniq coins is limited by 5Vico"

Now the question is how big is Vico:

- Etherscan (https://etherscan.io/token/Humaniq) says there are currently 184,190,414 HMQ
- The ICO contract code (https://etherscan.io/address/0xcbcc0f036ed4788f63fc0fee32873d6a7487b908#code):

    // 31 820 314 tokens were minted during preICO
    uint constant public preICOSupply = mul(31820314, 100000000);

    // 131 038 286 tokens were minted during ICO
    uint constant public ICOSupply = mul(131038286, 100000000);

which leads to 31820314+131038286 = 162,858,600 HMQ


a) The maximum number of users to receive token emission is 162,858,600 HMQ / 500 HMQ = 325,717. The maximum number of HMQ there will ever be is 5*162,858,600 HMQ = 814,293,000 HMQ. With the conservative assumption that every user will have only about 500 HMQ, the maximum number of total users is: 814,293,000 / 500 = 1,628,586.
Only 1.6 Million users. You are advertising of targeting 2 Billion users. How can this fit?

b) Why are the numbers of Etherscan and the contract different? Was there already an emission of 184,190,414 - 162,858,600 = 21,331,814 HMQ? To who? With an average of 500 HMQ per user, this would mean already 42,663 are using your app. But there is no app, yet.

Please comment

Ok, seems like you are a very smart person, lets try to think where there is a huge error in your assumptions, and in your questions?

21,331,814 HMQ was allocated for Dev team ready to dump when the price is higher. this is a complete joke ~22M tokens plus 5M during ico .. only dev team can make money here investors will not don't be fool people

Only dev team can make money here? Mhh strange... because i am now on x3 on this here

Price starts rising = FUD starts coming in. As I said before, if you have legitimate questions ask them in the AMA later today. There is absolutely no reason to make ungrounded claims based on assumptions.

Event can be found here : https://www.facebook.com/humaniq.co/videos/613610972181373/

[Humaniq.co]

New office in Silicon Valley
http://www.econotimes.com/Blockchain-company-Humaniq-opens-office-space-in-San-Francisco-744983

[Fastpow]

New office in Silicon Valley
http://www.econotimes.com/Blockchain-company-Humaniq-opens-office-space-in-San-Francisco-744983

That is great news! Keep it up.

[sputnik1]

I have a couple of concerns / questions about this project. Please help me answer:

1) The whitepaper states the HMQ unit is integer and not fractional.

This means the smallest payment that can be made is 1 HMQ.

At some point 1 HMQ might become as valuable as 1 USD or 10 USD or even more (currently $0.16). Let's say 1 HMQ == 10 USD. Then, 10 USD will be the minimum payment that must be made via the Humaniq App.

This is not desirable, especially not in developing countries where many people live on as little as USD 2 per day (stated in their white paper). How shall this problem be solved?


2) The white paper states:

"Emission proceeds until kmax people are registered. kmax should be relatively big."
[...]
"Denote the total amount of coins sold via Pre-ICO + ICO by Vico"
[...]
"The objective number 4 states that the total average number of coins that a user can mint in-app must be close to 500"
[...]
"kmax = round (Vico/125)"
[...]
"the maximum possible amount of Humaniq coins is limited by 5Vico"

Now the question is how big is Vico:

- Etherscan (https://etherscan.io/token/Humaniq) says there are currently 184,190,414 HMQ
- The ICO contract code (https://etherscan.io/address/0xcbcc0f036ed4788f63fc0fee32873d6a7487b908#code):

    // 31 820 314 tokens were minted during preICO
    uint constant public preICOSupply = mul(31820314, 100000000);

    // 131 038 286 tokens were minted during ICO
    uint constant public ICOSupply = mul(131038286, 100000000);

which leads to 31820314+131038286 = 162,858,600 HMQ


a) The maximum number of users to receive token emission is 162,858,600 HMQ / 500 HMQ = 325,717. The maximum number of HMQ there will ever be is 5*162,858,600 HMQ = 814,293,000 HMQ. With the conservative assumption that every user will have only about 500 HMQ, the maximum number of total users is: 814,293,000 / 500 = 1,628,586.
Only 1.6 Million users. You are advertising of targeting 2 Billion users. How can this fit?

b) Why are the numbers of Etherscan and the contract different? Was there already an emission of 184,190,414 - 162,858,600 = 21,331,814 HMQ? To who? With an average of 500 HMQ per user, this would mean already 42,663 are using your app. But there is no app, yet.

Please comment

Ok, seems like you are a very smart person, lets try to think where there is a huge error in your assumptions, and in your questions?

21,331,814 HMQ was allocated for Dev team ready to dump when the price is higher. this is a complete joke ~22M tokens plus 5M during ico .. only dev team can make money here investors will not don't be fool people

Only dev team can make money here? Mhh strange... because i am now on x3 on this here

Price starts rising = FUD starts coming in. As I said before, if you have legitimate questions ask them in the AMA later today. There is absolutely no reason to make ungrounded claims based on assumptions.

Event can be found here : https://www.facebook.com/humaniq.co/videos/613610972181373/

only pump and dump, be careful 

[Jeffrey_memb]

LOL you told only PnD Lol

I am Holding now untill next year.

I transfered it to my Ledger and put the hardwarewallet into my bank account. Closed until 30 June 2018 now and I cant
take it away before.

Lets rock it

[Jeffrey_memb]

Is this true or fake?

https://twitter.com/search?f=tweets&vertical=default&q=%24HMQ&src=typd

[Jeffrey_memb]

I mean this

https://twitter.com/cryptoholics/status/872791153040658432

[dimokis]

Heading directly to ATH. Hope it will be today... 15k till end of this week?

[Abi_Beam]

Heading directly to ATH. Hope it will be today... 15k till end of this week?

Depends on how the AMA goes and what the "important announcements" are.

[goforgold99]

I have a couple of concerns / questions about this project. Please help me answer:

1) The whitepaper states the HMQ unit is integer and not fractional.

This means the smallest payment that can be made is 1 HMQ.

At some point 1 HMQ might become as valuable as 1 USD or 10 USD or even more (currently $0.16). Let's say 1 HMQ == 10 USD. Then, 10 USD will be the minimum payment that must be made via the Humaniq App.

This is not desirable, especially not in developing countries where many people live on as little as USD 2 per day (stated in their white paper). How shall this problem be solved?


2) The white paper states:

"Emission proceeds until kmax people are registered. kmax should be relatively big."
[...]
"Denote the total amount of coins sold via Pre-ICO + ICO by Vico"
[...]
"The objective number 4 states that the total average number of coins that a user can mint in-app must be close to 500"
[...]
"kmax = round (Vico/125)"
[...]
"the maximum possible amount of Humaniq coins is limited by 5Vico"

Now the question is how big is Vico:

- Etherscan (https://etherscan.io/token/Humaniq) says there are currently 184,190,414 HMQ
- The ICO contract code (https://etherscan.io/address/0xcbcc0f036ed4788f63fc0fee32873d6a7487b908#code):

    // 31 820 314 tokens were minted during preICO
    uint constant public preICOSupply = mul(31820314, 100000000);

    // 131 038 286 tokens were minted during ICO
    uint constant public ICOSupply = mul(131038286, 100000000);

which leads to 31820314+131038286 = 162,858,600 HMQ


a) The maximum number of users to receive token emission is 162,858,600 HMQ / 500 HMQ = 325,717. The maximum number of HMQ there will ever be is 5*162,858,600 HMQ = 814,293,000 HMQ. With the conservative assumption that every user will have only about 500 HMQ, the maximum number of total users is: 814,293,000 / 500 = 1,628,586.
Only 1.6 Million users. You are advertising of targeting 2 Billion users. How can this fit?

b) Why are the numbers of Etherscan and the contract different? Was there already an emission of 184,190,414 - 162,858,600 = 21,331,814 HMQ? To who? With an average of 500 HMQ per user, this would mean already 42,663 are using your app. But there is no app, yet.

Please comment

Ok, seems like you are a very smart person, lets try to think where there is a huge error in your assumptions, and in your questions?

You being part of the Humaniq team, what is your answer to my questions?

Thanks