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
Topic: ☑ [ANN] ☰ [ ICO 06|04|2017 ] ☰ Humaniq — Discover the unbanked - page 82. (Read 272379 times)
How long will it take to reach the max supply? It is quite a lot of coins
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?
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?
Humaniq is the next project to join that cindarella story of going from 5 million to 1 billion market cap. That is a fact.
Humaniq reminds me of Alibaba/ Alipay.
Jack Ma realized that there were hundreds of millions of rural Chinese with no way to buy/ sell items on the internet.
By creating a shopping and payment company they would have access to, the companies combined are now worth close to $300 Billion.
Humaniq is a similar idea. Provide a necessary service to a large number of customers around the world.
This is a great idea. Hopefully we get some development news on Thursday.
Jack Ma realized that there were hundreds of millions of rural Chinese with no way to buy/ sell items on the internet.
By creating a shopping and payment company they would have access to, the companies combined are now worth close to $300 Billion.
Humaniq is a similar idea. Provide a necessary service to a large number of customers around the world.
This is a great idea. Hopefully we get some development news on Thursday.
my biggest concern is security, kind of scary that a smartphone own your "Dna identity ". I know isn´t exactly like that but...
Humaniq reminds me of Alibaba/ Alipay.
Jack Ma realized that there were hundreds of millions of rural Chinese with no way to buy/ sell items on the internet.
By creating a shopping and payment company they would have access to, the companies combined are now worth close to $300 Billion.
Humaniq is a similar idea. Provide a necessary service to a large number of customers around the world.
This is a great idea. Hopefully we get some development news on Thursday.
Jack Ma realized that there were hundreds of millions of rural Chinese with no way to buy/ sell items on the internet.
By creating a shopping and payment company they would have access to, the companies combined are now worth close to $300 Billion.
Humaniq is a similar idea. Provide a necessary service to a large number of customers around the world.
This is a great idea. Hopefully we get some development news on Thursday.
Can't help but think that those sell walls are solely there so that some people can buy more before they remove them. What do you guys think?
Can i save HMQ on a ledger nano s?
Yes, since it is an ETH based token, you can move the tokens you have from any online wallet or exchange to MEW or any other ETH based wallet and lock it with ledger nano.
HMQ will be beast, I recommend holding till next year at least! This is gonna explode once Indians start using it.
Next month will be very exciting when some pilot project will start working which will push it up to 15k easily. In long term I think it will be over $5 even more than this is big project of the year only strong hands will take advantage of this hard work by team.
Right now what they are developing is going to be beneficial for the community. How the pilot project is going to work and how it is going to beneficial for the outside community. Maybe there is a chance that the price increase only if it will help to lot people.
HMQ will be beast, I recommend holding till next year at least! This is gonna explode once Indians start using it.
Next month will be very exciting when some pilot project will start working which will push it up to 15k easily. In long term I think it will be over $5 even more than this is big project of the year only strong hands will take advantage of this hard work by team.
HMQ will be beast, I recommend holding till next year at least! This is gonna explode once Indians start using it.
I love to play HMQ because there are morons who love to sell this at a very low price, they do not understand how valuable it is in the future.
I got it at 6,000 sats today and I'll sell this at 7,000, by the way I have something to play and I have a good volume for long term.
I got it at 6,000 sats today and I'll sell this at 7,000, by the way I have something to play and I have a good volume for long term.
Hi guys, first time i post here,
Humaniq seems to have a very solid team and a good brand, but why their github is so empty https://github.com/humaniq ?
Plus we can't access to their slack without kind of authorization they say on the website . . .
Humaniq seems to have a very solid team and a good brand, but why their github is so empty https://github.com/humaniq ?
Plus we can't access to their slack without kind of authorization they say on the website . . .
As for the github this is because Humaniq has partnered with 3 technical cores. This includes Etherion Lab for Smart-contracts Development, VisionLabs for Bio Identification Development, and Distributed Lab for Backend Advisors. You can join Humaniq Slack here humaniq-co.slack.com.
I'm sorry. This answer makes no sense at all. In fact, given that you're outsourcing a fair amount of your dev work, I would think that you need a source code control system even more.
All of the teams that you mention are more than capable of using git.
The more time that goes by without meaningful code beyond some old smart contracts, the more of an issue this is going to be. Source code is one very common measure of progress. Without it, your community will begin to question your progress, and rightly so.
Do you have a time frame for when you expect to deliver the app, your latest contracts, and backend implementation in git?
We will start releasing libraries under Apache 2.0 - on June 12th
(we will only release libraries, but we will not release our backend code for security constraints)
Contracts can be checked in here - https://gist.github.com/anonymous/2c3ef174f8ab2b6da11fdbcce8e40803
Nice Coin, just discovered it. Bought in. Bright Future !
So Humaniq thinks that the people in Africa who are unbanked would have smartphones capable of running your app?
I live in North Africa, the number of African refugees here grows day by day and they''ve not the minimum to survive, but I guarantee you that they own much better smartphones than mine and even yours, Then do not underestimate the technology, it can reach places that no one expect. 
Wait HMQ on c-cex ... Remainig three days of voting... VOTE for HMQ on c-cex ! https://c-cex.com/?id=vote
Humaniq.co Can you please ask LIQUI.io exchange why they set up so large fee 10 HMQ to withdraw Humaniq tokens form LIQUI.io? It is very much.
Just bought some more in the recent dip. Can't believe people are dumping 2 days before the AMA with some announcements.
My order at 5150 sat was filled with 1700 HMQ, extremely disappointing! Would have been happy if more were sold :|
Sorry my friend, I might've had a hand in that.
Just bought some more in the recent dip. Can't believe people are dumping 2 days before the AMA with some announcements.
My order at 5150 sat was filled with 1700 HMQ, extremely disappointing! Would have been happy if more were sold :|
We may want to create some awareness for the AMA outside of this topic so that more people can see it.
I made a post here: https://bitcointalksearch.org/topic/humaniq-ceo-holds-ama-on-thursday-1952773
I made a post here: https://bitcointalksearch.org/topic/humaniq-ceo-holds-ama-on-thursday-1952773
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