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

[Humaniq.co]

Hey Bitcointalk,

Relax as there is no scam involved in this project, we have been transparent from the word go.

We will get back to you with the answers to the issues raised by icocountdown.

Meanwhile, the ICO is still underway and growing in success.

Here is a peep into it https://cointelegraph.com/news/humaniq-humanitarian-ico-3000-btc-in-five-days-and-counting

[Perryl]

Humaniq “Humanitarian” ICO: 3,000 BTC In Five Days And Counting
Ethereum-based financial services app project Humaniq has raised almost 3,000 BTC in the first five days of its ICO.
The campaign, which its team has dubbed “the first humanitarian ICO in the history of ICOs dedicated to improving the lives of people in emerging economies and freeing them from poverty,” ends April 27.
“We were expecting good results, but even we’ve been amazed at the current stats,” developer Dwight Sproull wrote in a blog post at the start of the ICO.More

nobody gives a shit.

they need to address these scam accusations asap

scam accusations from newbie accounts? that's pretty normal for a sucessful ico.. let them talk shits 

Shows who the newbie member is. The accusation comes from ICOcountdown... Not a newbie account.

[Perryl]

Humaniq “Humanitarian” ICO: 3,000 BTC In Five Days And Counting
Ethereum-based financial services app project Humaniq has raised almost 3,000 BTC in the first five days of its ICO.
The campaign, which its team has dubbed “the first humanitarian ICO in the history of ICOs dedicated to improving the lives of people in emerging economies and freeing them from poverty,” ends April 27.
“We were expecting good results, but even we’ve been amazed at the current stats,” developer Dwight Sproull wrote in a blog post at the start of the ICO.More

nobody gives a shit.

they need to address these scam accusations asap

Not really. Every crypto has been called a scam by someone at some point. It's a waste of valuable development time to address FUD. If it was my coin I would delete FUD, not address it. lol.

Same reason you don't see developers and engineers commenting on any forum very much. Whether it be a game, a crypto, or a major corporation. Ain't nobody got time for that.

Also, they already have contributions from many people. If it is a scam, then it has already been successful and there isn't anything you can do or say to change that. Before investing people should do their due diligence and remember, only invest what you would be willing to give away. Whether it's a scam or not I have already accepted that my money is probably gone. I do not regret my investment, even if it turns out to be a scam. Oh well, on to the next one.

90% of the time I would spend more money(in time) on due diligence than I would invest, anyways. It makes more sense to me to earn more money in that time. In fact, writing this post was a waste of time and likely cost me around $10. $10 I could invest in some shitty ICO for 10k coins that might one day be worth a dollar or something. You never know.

[wolverinex1282]

Humaniq “Humanitarian” ICO: 3,000 BTC In Five Days And Counting
Ethereum-based financial services app project Humaniq has raised almost 3,000 BTC in the first five days of its ICO.
The campaign, which its team has dubbed “the first humanitarian ICO in the history of ICOs dedicated to improving the lives of people in emerging economies and freeing them from poverty,” ends April 27.
“We were expecting good results, but even we’ve been amazed at the current stats,” developer Dwight Sproull wrote in a blog post at the start of the ICO.More

nobody gives a shit.

they need to address these scam accusations asap

Not really. Every crypto has been called a scam by someone at some point. It's a waste of valuable development time to address FUD. If it was my coin I would delete FUD, not address it. lol.

Same reason you don't see developers and engineers commenting on any forum very much. Whether it be a game, a crypto, or a major corporation. Ain't nobody got time for that.

Also, they already have contributions from many people. If it is a scam, then it has already been successful and there isn't anything you can do or say to change that. Before investing people should do their due diligence and remember, only invest what you would be willing to give away. Whether it's a scam or not I have already accepted that my money is probably gone. I do not regret my investment, even if it turns out to be a scam. Oh well, on to the next one.

90% of the time I would spend more money(in time) on due diligence than I would invest, anyways. It makes more sense to me to earn more money in that time. In fact, writing this post was a waste of time and likely cost me around $10. $10 I could invest in some shitty ICO for 10k coins that might one day be worth a dollar or something. You never know.

yeah some newbie investors are worried already.. before you invest make sure do your own research , alright    

[Humaniq.co]

Dear all,

No stress, please. As we stated in our SLACK channel, please give some time to present our reply. There is absolutely no"criminal" behind what you all saw. You guys pointed a good reason, that we missed and did not explain before. Very good that our audience is active. So please give us a bit time and we will explain everything.

[Rodeo02]

 I believe they can answer it clearly. Ill wait for the answers hope not only in slack but make it public here in this thread also.

[misterbones]

Dear all,

No stress, please. As we stated in our SLACK channel, please give some time to present our reply. There is absolutely no"criminal" behind what you all saw. You guys pointed a good reason, that we missed and did not explain before. Very good that our audience is active. So please give us a bit time and we will explain everything.

yeah you are wiring the money out from the accounts and preparing your exit !!!

[Humaniq.co]

Interview with Richard Kastelein at Blockshow Europe 2017
https://www.youtube.com/watch?v=6n6EBupfj-o

[Humaniq.co]

@Alex_Fork met up with @VitalikButerin today.  More details soon.
www.humaniq.co

[qiwoman2]

I hope we will know soon here what is happenng. I saw last few days many ads on TVE for Humaniq but why are people here saying it is a scam? I would like to have more insights into this as it looked like a good project to me.

[alienalf]

this ico has been reviewed by icorating rating agency as "stable" which is good for imho. here are the details about review of their ico that you can see all the details including tokens distrubition, escrow, team;

http://icorating.com/project/30/Humaniq

and this is their full report;

https://docs.google.com/document/d/1eCY3Lp1s2B3ysUEW6ApG6Udeuooog3rEBHWsKpDIces

and summary of their report;

SUMMARIES

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.

[bloodyboy]

Any roadmap with dates, launch date? Exchange date?

[Humaniq.co]

Humaniq Emission Model

Hello, everyone.

Recently there was a post on Reddit regarding our ICO and some questions about our emission model were raised. We want to answer this question and reassure everyone we are doing things as stated in our whitepaper.

In the audit conducted by a commentator on Reddit, a number of points about the emission system were brought up and we are actually pleased that members of the community found some problems at this stage.

The first point is, we have the ability to change the logic of the emission model and this was a conscious decision to set it up this way. There is no cap for the number of tokens emitted during our ICO, and it’s purely dependent on how many tokens people purchase.

After the ICO we are putting in the cap, since the total number of tokens that will ever be emitted is capped at 5x the amount emitted during the ICO and Pre-ICO.
We have used different contracts and therefore there is the possibility to switch the emission addresses in the Token contracts was required. Also, as mentioned in the Humaniq whitepaper; token emission will continue after the end of the ICO, until the cap is reached due to our process of minting new tokens for each new user.
Other new contracts will be responsible for the logic described in the whitepaper. As a result, a function that can change the emission address was added. Of course, technically it can be used for some malicious purposes, however such actions cannot go unnoticed by the community, because all information about balances are public and available for everyone.

Pertaining to the locks in the Token contract, it is a feature created to make migration possible. Despite the absence of a special migration function, there is no problem to implement it off-chain. Even though all balances are stored in mapping, emission of new tokens is only possible via the issueTokens() function, which emits a new event with every call. These events consist of investor addresses and the number of tokens they received.

In the Humaniq tokens contract, we have considered the possibility of locking function in order to implement off-chain migration to another token. This is what the migration procedure will look like: Lock the possibility of token transmissions in the contract from which the migration happens, Deploy a new contract, Transfer users’ balance from the previous contract to the new one (All details of token crediting in the new contract are reflected on our blockchain platform), Unlock token transmissions in new token contracts.

Moreover, due to the provided functionality of balance migrations, it is possible to replace a current token with the new one, which will be more secured and contain fixes for discovered lacks. At least, adding a high bound for the token number according to the whitepaper is the most sensible solution.

Some in the community have sadly and unreasonably framed us as being malicious and untrustworthy. But we can assure, that there was no malicious intent in our emission architecture and the way we designed it.

One one hand it’s a great that we as a community can crowdsource intelligence and collectively help each other out, but on the other, knee-jerk reactions by some in the community assuming the worst in people and ideas is not good for anyone or any new projects in the cryptocommunity.

Every project deserves the benefit of the doubt and at least some time to respond before being convicted guilty - particularly this one, because it’s the first ICO that is focussing on humanitarian issues and publicly shaming it does no good for us inside the community and those looking from the outside in.

We’re happy to discuss these things publicly. We have a defined migration process for the tokens and for attaching a number to the total amount we’ll allow to be emitted once we get final data from our ICO. Anyone who has expertise in Blockchain technology and Ethereum are welcome to join Humaniq on Slack or leave feedback at GitHub. On Github you’re welcome to open new issues or send us a pull request. We’re open to all feedback and happy to discuss the solutions you propose and potentially implement the ones aligned with community opinion.

Humaniq Team

[ric_ardo]

Humaniq Emission Model

Hello, everyone.

Recently there was a post on Reddit regarding our ICO and some questions about our emission model were raised. We want to answer this question and reassure everyone we are doing things as stated in our whitepaper.

In the audit conducted by a commentator on Reddit, a number of points about the emission system were brought up and we are actually pleased that members of the community found some problems at this stage.

The first point is, we have the ability to change the logic of the emission model and this was a conscious decision to set it up this way. There is no cap for the number of tokens emitted during our ICO, and it’s purely dependent on how many tokens people purchase.

After the ICO we are putting in the cap, since the total number of tokens that will ever be emitted is capped at 5x the amount emitted during the ICO and Pre-ICO.
We have used different contracts and therefore there is the possibility to switch the emission addresses in the Token contracts was required. Also, as mentioned in the Humaniq whitepaper; token emission will continue after the end of the ICO, until the cap is reached due to our process of minting new tokens for each new user.
Other new contracts will be responsible for the logic described in the whitepaper. As a result, a function that can change the emission address was added. Of course, technically it can be used for some malicious purposes, however such actions cannot go unnoticed by the community, because all information about balances are public and available for everyone.

Pertaining to the locks in the Token contract, it is a feature created to make migration possible. Despite the absence of a special migration function, there is no problem to implement it off-chain. Even though all balances are stored in mapping, emission of new tokens is only possible via the issueTokens() function, which emits a new event with every call. These events consist of investor addresses and the number of tokens they received.

In the Humaniq tokens contract, we have considered the possibility of locking function in order to implement off-chain migration to another token. This is what the migration procedure will look like: Lock the possibility of token transmissions in the contract from which the migration happens, Deploy a new contract, Transfer users’ balance from the previous contract to the new one (All details of token crediting in the new contract are reflected on our blockchain platform), Unlock token transmissions in new token contracts.

Moreover, due to the provided functionality of balance migrations, it is possible to replace a current token with the new one, which will be more secured and contain fixes for discovered lacks. At least, adding a high bound for the token number according to the whitepaper is the most sensible solution.

Some in the community have sadly and unreasonably framed us as being malicious and untrustworthy. But we can assure, that there was no malicious intent in our emission architecture and the way we designed it.

One one hand it’s a great that we as a community can crowdsource intelligence and collectively help each other out, but on the other, knee-jerk reactions by some in the community assuming the worst in people and ideas is not good for anyone or any new projects in the cryptocommunity.

Every project deserves the benefit of the doubt and at least some time to respond before being convicted guilty - particularly this one, because it’s the first ICO that is focussing on humanitarian issues and publicly shaming it does no good for us inside the community and those looking from the outside in.

We’re happy to discuss these things publicly. We have a defined migration process for the tokens and for attaching a number to the total amount we’ll allow to be emitted once we get final data from our ICO. Anyone who has expertise in Blockchain technology and Ethereum are welcome to join Humaniq on Slack or leave feedback at GitHub. On Github you’re welcome to open new issues or send us a pull request. We’re open to all feedback and happy to discuss the solutions you propose and potentially implement the ones aligned with community opinion.

Humaniq Team

Its good you have responded to the issues, I don't have doubts about this project. But don't create such information gaps through which you can be scandalized in your further project. Goodluck Humaniq

[FlorentineNobleman]

When this is going to hit exchanges?

[Humaniq.co]

When this is going to hit exchanges?

Hello, we will start with SpaceBTC and will hit to other exchanges also after ICO will be finished. More details here: http://www.prunderground.com/fintech-startup-humaniq-announces-agreement-with-spacebtc-cryptocurrency-exchange/0088400/

[Humaniq.co]

Article on Nasdaq.com
Humaniq Aims to Tackle Barriers to Economic Inclusion With Blockchain App

Read more: http://bit.ly/2oqGYod

[Sanitough]

Article on Nasdaq.com
Humaniq Aims to Tackle Barriers to Economic Inclusion With Blockchain App

Read more: http://bit.ly/2oqGYod

Thank you for constantly updating us with the new developments, I'm glad I invested with the project.

[Perryl]

@Alex_Fork met up with @VitalikButerin today.  More details soon.
www.humaniq.co

A picture with Vitalik is cool and all, but when I tweeted him asking about it, he didn't respond, and he hasn't posted here either. I think if Vitalik was to post here that would drum up a lot of support. Even if just to say that he knows about the project and knows Alex Fork. Not necessarily asking him to throw his support behind it, but you seem to be telling us he supports the project so why hasn't he publicly said so?

100% of the reason I invested is because of Vitalik's potential ties to this.

[Hullo]

Article on Nasdaq.com
Humaniq Aims to Tackle Barriers to Economic Inclusion With Blockchain App

Read more: http://bit.ly/2oqGYod

Humaniq will be best project with very big potential of growth so many people will get benefit by using this system in real life. I hope this will expand their services in many part of the world by achieving their targets.