What is Humaniq (HMQ)?
Future of HMQ Cryptocurrency and know how to buy HMQ

#1- What is Humaniq?

More than 2 billion people have zero access to financial services and are classified as unbanked people, according to the 2014 World Economic Forum report. It is interesting to note that more and more people from the “unbanked” section are using mobile phones. That’s where the business potential remains. Humaniq wants to capitalize on this widespread access to mobile phones and merge it with a blockchain concept to present its financial services.

Humaniq - The Basics

  1. Humaniq is a banking application based on blockchain technology, available to both Android and iOS users. Its blockchain and biometric recognition-based mobile application is aimed at opening the banking world to a whole new generation of the unbanked population.
  2. Functioning on the Ethereum blockchain, it offers core banking operations along with third party service availability. These services are offered in the form of peer to peer lending, data security, loans, and more.

Humaniq Development

  1. Humaniq was founded in 2016 by Alex Fork and globally marketed in 2017. The design of the application is based on the idea of poverty upliftment and the emergence of a global economy.
  2. Furthering the agenda, Humaniq aims to target an audience of billions of unbanked individuals around the globe. It wants to help those who do not have access to even a bank account, let alone sophisticated investment and financial services, due to lack of stable income, funds and relevant.

 

#2 What are the benefits of Humaniq?

Humaniq Technology

  1. Humaniq utilises the fourth generation Ethereum blockchain to be able to function as a mobile bank. It has been partially modelled around PayPal’s growth concept.
  2. It pays the users for signing in, completing tasks and utilising the tokens to undertake complex trading activities and financial services like peer-to-peer trading, insurance purchase, lending, etc.
  3. The hybrid blockchain technology provides a financial infrastructure to the unbanked and underprivileged masses.
  4. Additionally, the idea behind the application remains a provision of zero fees for money transfer. It aims at utilizing the application for providing work opportunity to individuals in developing countries.
  5. The idea has gained UN’s support towards charity without corruption, availability of funds for lending and entrepreneurial development.

Features

  1. Biometric Identification: The three-step procedure of face, voice and device recognition further protects the users and makes it more secure against hackers.
  2. HMQ Token as Currency: HMQ helps individuals with no capital to earn token for activity undertaken as part of the application. These activities might include answering questions or watching a video. The tokens earned from the aforementioned activities can, in turn, be used to purchase and trade in Ether or Bitcoin and also to avail services offered by the HQM
  3. HMQ Mobile Wallet: It allows users to access their account balance, transfer funds and conduct transactions with its mobile wallet.

Corporate usage

  1. The HMQ application is centred around an Ethereum blockchain protocol that provides added security and reduces the risk of criminal breach to the servers.
  2. It follows a decentralized mechanism to further disallow corruption and data theft. These features allow the independent flow of funds and act as an accelerator of inclusive growth.
  3. The application proposes business growth by providing user companies with Ethereum blockchain based security and decentralized servers. Furthermore, third parties can interact with beta users in exchange for tokens.

Value proposition

HMQ proposes a set of features that present its USP in the market by undertaking a large-scale inclusive approach. It aims to attract unbanked sections of the society who have minimal funds and no proof of identity. Its focus remains on the development of the poor by offering them the financial services that are otherwise inaccessible to them.

 

#3 How to buy and store Humaniq?

How to buy HMQ

Humaniq’s cryptocurrency HMQ requires individuals to purchase other cryptocurrencies like BTC or ETH and exchange them for HMQ coins. It is available for purchase on major cryptocurrency platforms such as YoBit, Bittrex, EtherDelta and Liqui.

  1. CoinSwitch, as the largest cryptocurrency conversion platform, offers you to exchange your cryptos for HMQ. You have the option to go through over 45,000 pairs of crypto exchange to choose your preferred one.
  2. What’s more - with CoinSwitch, you do not rely on a separate wallet from the exchange to store your HMQ cryptocurrency. Instead, all transactions happen to and from your own personal private wallets.

Storage

HMQ is an Ethereum compliant ERC20 token. The storage options for this altcoin include any Ethereum wallet like MyEtherWallet. Other storage means include hardware wallets like Ledger Nano S and Trezor.

#4 - What is the future of Humaniq?

Humaniq is a blockchain mechanism that functions as an inclusive platform. Its trading forecasts present growth prospects of at least a billion new users within coming years.

  1. Humaniq’s user base has reached a record of 100,000 in a very short time. HMQ’s goals have been directed at making their services available to 40% of the current unbanked population.
  2. Since its ICO in February 2017, the blockchain platform has seen some major developments. Its mobile and exchange apps were launched in July 2017. September 2017 witnessed global expansion campaigns in countries across Asia, South America, and Africa.
  3. The roadmap for 2018 includes further decentralization of the platform’s blockchain architecture. It plans to integrate with fintech startups and virtual cards as well. The platform is also communicating with merchants across the world to add Humaniq as a payment option.

Also Read: Complete Analysis of Humaniq | Live Humaniq (HMQ) Price Charts And Predictions

Price History

Date

Open

High

Low

Close

Volume

Market Cap

July 01, 2018

0.079219

0.079663

0.076908

0.078583

7,108

13,289,628

June 01, 2018

0.136233

0.137106

0.129746

0.134153

26,742

22,187,268

May 01, 2018

0.185869

0.186302

0.177185

0.186302

257,483

30,271,110

Feb 01, 2018

0.281710

0.281710

0.216014

0.224718

1,466,760

45,880,124

Dec 01, 2017

0.102438

0.124107

0.095987

0.116355

1,408,450

16,683,360

Oct 01, 2017

0.137230

0.137718

0.125748

0.126103

283,947

22,349,056

 

#5 - How is Humaniq different from other cryptocurrencies?

In comparison to the major cryptocurrencies, HMQ is distinguished in terms of its objectives and features.

  1. The platform has its focus on the developing and underdeveloped nations as its target audience. It has received recognition from the UN for adopting such humanitarian grounds for business.
  2. One of the most prominent distinguishing features of the platform is its egalitarian emission mechanism. Humaniq allows each individual to mint only a limited number of coins. It boasts itself over a fair cryptocurrency platform.
  3. Humaniq is also unique in enabling the users to convert their HMQ coins into fiat currency. The infrastructure of its mobile app provides an easy conversion process.
  4. Additionally, HMQ utilises an easy and quick facial recognition system and biometric data for its users. The biometric technology is under development.

 

#6 Should you invest in Humaniq?

  1. Despite initial struggles due to tech glitches, Humaniq’s ICO was a huge success. It traded at 24.9% against the dollar by the end of January. Its recent performance has been hampered due to the platform’s vulnerability to hackers.
  2. However, its future prospects look better with the upcoming improvements and additions in its technological infrastructure, such as the biometric system.
  3. While short-term investment does not seem very promising, HMQ can prove to be a secure and profitable venture in the long term, if they manage to close their vulnerabilities.
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