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

[boopy265420]

It is time for improvements in already developed features which are being shared in weekly updates. Basic structure has been built now its functionalities and capabilities will be enhanced constantly. Humaniq is keep advancing regardless of the market situation and this is good thing. Someone mate ask me about loss in this project but this isn't alone which saw devaluation in its token's price, everywhere is same situation. Except Bitcoin, initial investment is down in every project but this is part of investment and will be over.

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[alexvilis]

Defeating emission fraud: the behind-the-scenes of our battle
In the past few weeks, we had to stop the normal operation of our Hybrid Blockchain. This was caused by a suspiciously large influx of withdrawals, which led us to investigate its causes. The results were surprising — a few dozen users had thousands of HMQ to their name, with very strange transaction histories that didn’t explain how they obtained the tokens.

https://blog.humaniq.co/defeating-emission-fraud-the-behind-the-scenes-of-our-battle-cbd58bfe4c9e

[QueenOfCrypto]

I have watched the main video in Humaniq Youtube channel - the documentary - and the project "smells" very interesting, but I'm failing to find out the details of what is exactly going on, how the project is developing  in the real world, and the current dinamics of the money supply. Price of the coin has been going down for a long time. What real-world based reason could cause it to rise again? (not speaking of speculations here)

[muleroaa]

Defeating emission fraud: the behind-the-scenes of our battle
In the past few weeks, we had to stop the normal operation of our Hybrid Blockchain. This was caused by a suspiciously large influx of withdrawals, which led us to investigate its causes. The results were surprising — a few dozen users had thousands of HMQ to their name, with very strange transaction histories that didn’t explain how they obtained the tokens.

https://blog.humaniq.co/defeating-emission-fraud-the-behind-the-scenes-of-our-battle-cbd58bfe4c9e

It's amazing to what lengths these fraudsters go to try and beat the system. Interesting to read how the team has been able to combat these moves. It's a shame that this money actually ended up in the pockets of these abusers but good to see that this will not be so easy for them to do from now on.

[QueenOfCrypto]

Defeating emission fraud: the behind-the-scenes of our battle
In the past few weeks, we had to stop the normal operation of our Hybrid Blockchain. This was caused by a suspiciously large influx of withdrawals, which led us to investigate its causes. The results were surprising — a few dozen users had thousands of HMQ to their name, with very strange transaction histories that didn’t explain how they obtained the tokens.

https://blog.humaniq.co/defeating-emission-fraud-the-behind-the-scenes-of-our-battle-cbd58bfe4c9e

It's amazing to what lengths these fraudsters go to try and beat the system. Interesting to read how the team has been able to combat these moves. It's a shame that this money actually ended up in the pockets of these abusers but good to see that this will not be so easy for them to do from now on.

Yes, that is very bad on one side, but on the other side it's a good point that they have caught the fraudster, even though until they understand how the fraud unfolded it could happen again any time.

EDIT: I've read their article and it seems they have sorted this out.

[boopy265420]

I call this exploitation of bonus offer and have seen lot of giveaways or such referral bonuses where people used lot of phone numbers to get registered and to exploit the giveaways. In many parts of the world $20 is still valuable amount. People use every possible method to by pass the system. It is good to see that Humaniq team caught the fraudulent transactions. This is a continuous battle and efforts to counter this will continue as well.

[stadus]

I call this exploitation of bonus offer and have seen lot of giveaways or such referral bonuses where people used lot of phone numbers to get registered and to exploit the giveaways. In many parts of the world $20 is still valuable amount. People use every possible method to by pass the system. It is good to see that Humaniq team caught the fraudulent transactions. This is a continuous battle and efforts to counter this will continue as well.

It means they have internal control but it's not that effective because fraud happens under their system but at least they were able to minimize the loss.
The risk is pretty high in crypto, lots of smart people who try to hack or by pass on your system for their benefits, therefore we should continue to improve the system.

[QueenOfCrypto]

I like the project but I am reluctant to buy tokens since I didn't understand why they would appreciate in value, since so many are given for free all the time - sometimes even to fraudsters. In fact price is tanking more and more. Anyone with arguments on this matter?

[Maslate]

I like the project but I am reluctant to buy tokens since I didn't understand why they would appreciate in value, since so many are given for free all the time - sometimes even to fraudsters. In fact price is tanking more and more. Anyone with arguments on this matter?

The only person who can convince is yourself, it starts with interest, now if you are interested, you follow them and read all their updates
and news about the project. With regards to price, it's not only this token which is tanking but all of the tokens and coins so it's pretty normal.

[QueenOfCrypto]

I like the project but I am reluctant to buy tokens since I didn't understand why they would appreciate in value, since so many are given for free all the time - sometimes even to fraudsters. In fact price is tanking more and more. Anyone with arguments on this matter?

The only person who can convince is yourself, it starts with interest, now if you are interested, you follow them and read all their updates
and news about the project. With regards to price, it's not only this token which is tanking but all of the tokens and coins so it's pretty normal.

Of course the whole market is tanking, and this has to be taken into account. However, since Humaniq aims at being money for the unbanked, studies have most likely been done analysing its monetary roadmap and strategy - inflation etc. I'm wondering if there is somewhere a one pager sheet which is clearing this aspect or at least giving some infos. You have also to help people who are willing to do their own research by providing easy access to clear and synthetic information on the most crucial issues.

[morantis]

Charity through Blockchain: How Humaniq can help materialise the “Blockchain for Good” movement
Blockchain is a secure, shared public record of documents and transactions collectively maintained by users. It’s built to resist censorship and tampering from any particular entity, and it’s completely open for the world to see — no matter how one tries to obfuscate it, every transaction can be traced to its original sender and receiver. This absolute transparency is often considered to be extremely useful for one age-old issue: inefficient and insecure charity distribution. https://blog.humaniq.co/charity-through-blockchain-how-humaniq-can-help-materialise-the-blockchain-for-good-movement-f068d8fe375f

[QueenOfCrypto]

Weekly Update!

▶️Humaniq rolled out into production our evolved BioID which is able to recognize the gender and approximate age of the user.

▶️Humaniq tightened the settings on the algorithm that detects whether the same face is being registered again — registering multiple accounts should now be very difficult.

▶️Bonuses have been slightly increased: 20 HMQ for each incoming and outgoing transaction, 2 HMQ for each invited friend, and 4 HMQ when inviting more than 4 people.

https://twitter.com/Humaniq/status/1064556429519069184

Avoiding fraud is one of the crucial points of achieving success, especially as there will always be hordes of people trying to abuse the system. And an excess of abuse could jeopardize the project.

[starb]

I read that on December 12-14, Anton will speak at the Hard Fork Decentralized 2018 conference. I believe that the activity of developers should soon lead to activity in terms of purchases - and to new exchanges. Now exchanges are not enough.

[fishervwb]

Weekly Update!
https://www.facebook.com/humaniq.co/photos/a.541905029351968/919994978209636/?type=3&theater

▶️Background GPS location has been introduced, which will be useful for improving Charity, Stories, and emissions.
▶️Some website backend improvements were made, including the Stories editor. We will now be able to deliver better content and host images without relying on third-party services.
▶️We’ve prepared a new survey system based on Nia, which will ask users a series of personal questions. Completing the survey will be rewarded with HMQ.
▶️We have worked on reintroducing smiling and other facial expressions as part of Bio-ID
▶️Detailed information about the user’s device is now saved during registration.

[Tonisim]

Humaniq VP Technology Anton Mozgovoy is at TNW Hard Fork 2018! His presentation demonstrated the process of charitable giving, its issues and how Blockchain and Humaniq is able to solve them. https://twitter.com/Humaniq/status/1073594740640309250

[Alexbt]

Humaniq for Good Platform demonstrates the power of Blockchain: a Sierra Leone charity raises 200% over its initial goal
https://blog.humaniq.co/humaniq-for-good-platform-demonstrates-the-power-of-blockchain-a-sierra-leone-charity-raises-200-c8585ce28f02

[memii]

Once great a quality article with highly quality content to show how they demonstrated the power of blockchain. This is best way to promote the usage of blockchain to demonstrate for some real stuff instead of keep people telling about the advantages of blockchain. Humaniq is much more relevant event after so long time because advancement in their work.

[ololajulo]

Am expecting Humaniq to have hit the TVs, lots of advertisement. I expect it during the world cup, champions league, countries presidential debate, dstv in africa etc. They need awareness on every media, it should send a suspense to the community of focus. It is been more than a year and the projects is not on everyone's lips as an on-ground project from cryptocurrency. The space should be creating a direct influence globally.

[Nivir]

Am expecting Humaniq to have hit the TVs, lots of advertisement. I expect it during the world cup, champions league, countries presidential debate, dstv in africa etc. They need awareness on every media, it should send a suspense to the community of focus. It is been more than a year and the projects is not on everyone's lips as an on-ground project from cryptocurrency. The space should be creating a direct influence globally.

Humaniq is more focused on poor countries like in Africa. I am not sure if they have some advertisements especially on local televisions there but I am not sure if it would be worth it to pay huge advertisement fees on World Cup when its target are the poor unbanked locations.

[boopy265420]

They had right plan from start with going for African region to start from there. Developing countries have always much more potential than developed ones. We can understand how advance they are from other projects growing interest in African region now where Humaniq team is working for last two years.