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.
Topic: ☑ [ANN] ☰ [ ICO 06|04|2017 ] ☰ Humaniq — Discover the unbanked - page 178. (Read 272379 times)
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
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.
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
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.
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
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
Shows who the newbie member is. The accusation comes from ICOcountdown... Not a newbie account.
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
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
read the comments above dude
ok sorry.was too blind to see the big red letters and didn't read the wall of text
these points have to be addressed indeed asap.
for a short moment I thought you meant the accusations on the first pages
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
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
Account level means nothing here on bitcointalk. U think a Hero Member is automatically a Bitcoin-Guru?
so many questions and weird things but no answers. But i dont really care, its not my money.
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
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
Account level means nothing here on bitcointalk. U think a Hero Member is automatically a Bitcoin-Guru?
so many questions and weird things but no answers. But i dont really care, its not my money.
Why the hell aren't the Dev addressing this alarming issue?
There is problem with their website.. On mainpage it says; current bonus ends in "2 days 12 hours".. but when you click join the crowdsale you see that "Current 25% bonus ends in: 1 days 12 hours".
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
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
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
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
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
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
read the comments above dude
Address the scam allegations and give more team information .
huh?what scam allegations?
there's plenty of information about the team on the website.
https://humaniq.co/
Address the scam allegations and give more team information .
Just joined signature campaing, and I have to say that I really liked the last version of the avatar even though I'm not able to wear it right now 
This needs to be addressed:
https://www.reddit.com/r/ethereum/comments/64ufyp/emission_due_diligence_for_humaniq/
Reference: (Page 10) https://humaniq.co/assets/downloads/humaniq_wp_english.pdf
Final Amount determination is excercised here.
http://imgur.com/a/vMSRt
However smart contract says otherwise:
http://imgur.com/a/fFUMZ
Reference: https://github.com/humaniq/ico-contract/blob/master/contracts/HumaniqToken.sol
Token Locking is also excercised and I'm not sure for what reason:
http://imgur.com/a/WVacu
Reference: https://github.com/humaniq/ico-contract/blob/master/contracts/HumaniqToken.sol
This has been delisted from ICOcountdown.com until further notice.
Extra due diligence done by Jack from ICOcountdown Telegram:
Okay, where do I start? As first - there are no critical vulnurabilites, like 0-day or something like that, so nobody in perspective could hack the contract and get out whole funds or something, but it is still have some malicious functions, which I will describe.
https://github.com/humaniq/ico-contract/blob/master/contracts/HumaniqToken.sol
As first - look at line 88 /// @dev Function to change address that is allowed to do emission. /// @param newAddress Address of new emission contract. function changeEmissionContractAddress(address newAddress) external onlyFounder returns (bool) { emissionContractAddress = newAddress; }
it is mean that they can set any new contract in here in any time and get infinite emitient at they will. Plus, as we see, it can be not just another crowdsale contract, it could be literally any address, which means that they can set me as emissionContract and I can mint myself as many tokens as I want. And in fact it is malicious.
This problem could be solved by different ways, for example you can set iterator of changing emissionContract and set the final number of all future ways of crowdfunding rounds - in this case you can do, for example, 3 rounds of crowdfunding and emission waves but no more.
Other simple proposal to solve this problem - is specifiy type of emissionContract, therefore people can see that only real crowdfunding contract could emit new tokens and no one else could.
Locker problem. In fact, when you proceed your ICO you should forbid your buyers to transfer tokens before ICO ends - it is okay. In this case you can firstly set a phase modifiers in enum format like enum ICOPhase { Created, Running, Paused, End } and change state of the contract when it handle some events, or it can be just simple boolean modifier like lock = true In conract of Humaniq it can be found on 42 line (modifier), and this modifier lock ALL transfers of token (line 73,80).
You could say - okay, so what is problem? The problem in that their token contract have function on line 98 function lock(bool value) external onlyFounder { locked = value; } Which allow developers to lock all transactions manually in any time.
I repeat - it is not holding the ico contract, which could be useful in some kind of situation, it is lock all tokens transfer and could be used in any times even when ico is done.
When I've asked developers - why do they need this functions and why they need to use it exactly this way - in any time and not only an ICO - they have answered to me, that "it is need to migrate. when we will create new tokens contract - we will block old one".
Yes, that is exactly they have said, that they will just block old contracts with all balances when they developed new contract of token's. And that how we finde another problem.
Migrate function is actually doesn't exist. As you know - all balances in token contract is stored in mapping structure and you cannot just pull it out from contract - you need to use getter to get value of balance of specific address.
So, as I supposed, they must have some migrate function (or at least prototype of it) which allow them to secure transfer balances from one contract to another. It is a pretty difficult mechanism of two-sides function which must be work on both contracts - ask old one of balance of msg.sender, add this value to balance of new contract and delete same number from old balance - in this case user could choose themself migrate to new contract or not, plus, such desicion allow continue normally work of each contract without blackmailing.
What I have heard from developers - they said that "we will not transfer balances in smart-contract logic at all, we will have non such migrate function" - but wait, it is not even possible to do offchain cause of balances data structure - I mean really - I think many developers tryed to pull out mappings, and we are all know, that there is impossible without using of getter, and moreover - you can't do it without knowing of each key of user... so how they actually want to do this?
And all of it just for humaniq token itself and not for ICO contract.
ICO contract - https://github.com/humaniq/ico-contract/blob/master/contracts/HumaniqICO.sol
have also such function as function changeTokenAddress(address token_address) at 201 line - which is really strange thing. I don't even know how to comment it. It's like they can change token contract address in the middle of ICO and so will crowdfund two token contracts? Totally mess, I'm really don't know for what this need and how it could be exploited, it could be a real chaos with such things.
Founder's address Common problem - ico is managed by single account but not of DAO or multisig - have a possability that if key from single account will be stolen - all funds will be stolen as well.
Further Data: https://medium.com/@classicether/soundchain-dapp-reveal-raises-red-flags-89276d683585
If anyone wants to go further with this due diligence. Please contact me:
Telegram: @Alexanderico
Email: [email protected]
Telegram Group: http://telegram.me/icocountdown
https://www.reddit.com/r/ethereum/comments/64ufyp/emission_due_diligence_for_humaniq/
Reference: (Page 10) https://humaniq.co/assets/downloads/humaniq_wp_english.pdf
Final Amount determination is excercised here.
http://imgur.com/a/vMSRt
However smart contract says otherwise:
http://imgur.com/a/fFUMZ
Reference: https://github.com/humaniq/ico-contract/blob/master/contracts/HumaniqToken.sol
Token Locking is also excercised and I'm not sure for what reason:
http://imgur.com/a/WVacu
Reference: https://github.com/humaniq/ico-contract/blob/master/contracts/HumaniqToken.sol
This has been delisted from ICOcountdown.com until further notice.
Extra due diligence done by Jack from ICOcountdown Telegram:
Okay, where do I start? As first - there are no critical vulnurabilites, like 0-day or something like that, so nobody in perspective could hack the contract and get out whole funds or something, but it is still have some malicious functions, which I will describe.
https://github.com/humaniq/ico-contract/blob/master/contracts/HumaniqToken.sol
As first - look at line 88 /// @dev Function to change address that is allowed to do emission. /// @param newAddress Address of new emission contract. function changeEmissionContractAddress(address newAddress) external onlyFounder returns (bool) { emissionContractAddress = newAddress; }
it is mean that they can set any new contract in here in any time and get infinite emitient at they will. Plus, as we see, it can be not just another crowdsale contract, it could be literally any address, which means that they can set me as emissionContract and I can mint myself as many tokens as I want. And in fact it is malicious.
This problem could be solved by different ways, for example you can set iterator of changing emissionContract and set the final number of all future ways of crowdfunding rounds - in this case you can do, for example, 3 rounds of crowdfunding and emission waves but no more.
Other simple proposal to solve this problem - is specifiy type of emissionContract, therefore people can see that only real crowdfunding contract could emit new tokens and no one else could.
Locker problem. In fact, when you proceed your ICO you should forbid your buyers to transfer tokens before ICO ends - it is okay. In this case you can firstly set a phase modifiers in enum format like enum ICOPhase { Created, Running, Paused, End } and change state of the contract when it handle some events, or it can be just simple boolean modifier like lock = true In conract of Humaniq it can be found on 42 line (modifier), and this modifier lock ALL transfers of token (line 73,80).
You could say - okay, so what is problem? The problem in that their token contract have function on line 98 function lock(bool value) external onlyFounder { locked = value; } Which allow developers to lock all transactions manually in any time.
I repeat - it is not holding the ico contract, which could be useful in some kind of situation, it is lock all tokens transfer and could be used in any times even when ico is done.
When I've asked developers - why do they need this functions and why they need to use it exactly this way - in any time and not only an ICO - they have answered to me, that "it is need to migrate. when we will create new tokens contract - we will block old one".
Yes, that is exactly they have said, that they will just block old contracts with all balances when they developed new contract of token's. And that how we finde another problem.
Migrate function is actually doesn't exist. As you know - all balances in token contract is stored in mapping structure and you cannot just pull it out from contract - you need to use getter to get value of balance of specific address.
So, as I supposed, they must have some migrate function (or at least prototype of it) which allow them to secure transfer balances from one contract to another. It is a pretty difficult mechanism of two-sides function which must be work on both contracts - ask old one of balance of msg.sender, add this value to balance of new contract and delete same number from old balance - in this case user could choose themself migrate to new contract or not, plus, such desicion allow continue normally work of each contract without blackmailing.
What I have heard from developers - they said that "we will not transfer balances in smart-contract logic at all, we will have non such migrate function" - but wait, it is not even possible to do offchain cause of balances data structure - I mean really - I think many developers tryed to pull out mappings, and we are all know, that there is impossible without using of getter, and moreover - you can't do it without knowing of each key of user... so how they actually want to do this?
And all of it just for humaniq token itself and not for ICO contract.
ICO contract - https://github.com/humaniq/ico-contract/blob/master/contracts/HumaniqICO.sol
have also such function as function changeTokenAddress(address token_address) at 201 line - which is really strange thing. I don't even know how to comment it. It's like they can change token contract address in the middle of ICO and so will crowdfund two token contracts? Totally mess, I'm really don't know for what this need and how it could be exploited, it could be a real chaos with such things.
Founder's address Common problem - ico is managed by single account but not of DAO or multisig - have a possability that if key from single account will be stolen - all funds will be stolen as well.
Further Data: https://medium.com/@classicether/soundchain-dapp-reveal-raises-red-flags-89276d683585
If anyone wants to go further with this due diligence. Please contact me:
Telegram: @Alexanderico
Email: [email protected]
Telegram Group: http://telegram.me/icocountdown
Dev we need clarifications against the allegations..
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