Cryptocurrencies are often lauded for their ability to disrupt traditional financial systems, but few projects exemplify this vision as vividly as Humaniq (HMQ). Operating on the Ethereum platform, Humaniq is dedicated to bringing financial services to the 2.5 billion individuals globally who remain unbanked. With an innovative platform that leverages biometric technologies to identify users, Humaniq opens up a world of financial possibilities without the need for traditional banking infrastructure. Boasting a robust current supply of over 207 million tokens and recent price surges, this cryptocurrency is poised to make significant strides in financial inclusion. Read on to discover how Humaniq aims to transform lives through blockchain technology.

What is Humaniq (HMQ)?

Humaniq (HMQ) is a cryptocurrency that operates on the Ethereum blockchain. It is designed to serve as a tool for humanitarian projects and financial inclusion initiatives. The primary goal of Humaniq is to provide access to financial services for the 2.5 billion people around the world who do not have a bank account, known as the "unbanked."

Key Features of Humaniq

1. Biometric Identification: Humaniq uses biometric, voice, and location technologies to identify users, rather than requiring physical signatures and conventional government-issued IDs. This allows users to sign up for the service equipped only with their own face, a mobile phone, and access to the internet.

2. User-Friendly App: The Humaniq app is designed as simply as possible, with animal symbol pins and a clear layout. It is specifically designed to work well on low-end smartphones, accessible models that cost around $15-20 USD.

3. Global Accessibility: The app itself is available globally, with the wallet feature currently open for 20 different countries in the African continent.

4. Future Services: Humaniq hopes to move on to services such as peer-to-peer loans, insurances, and cashless wage payments. These advanced features may be developed by third parties, possibly new startups, using the system’s open API.

Token Market Data

Understanding the market data for Humaniq is crucial for potential investors and users. Here are some key statistics:

• Current Price: $0.0063
• Market Cap: $1,303,401.82
• 24h Price Change: 83.69%
• 7d Price Change: 11.83%
• 30d Price Change: 39.97%
• 24h High: $0.0064
• 24h Low: $0.0034
• All-Time High: $1.0569 (2017-12-15)
• All-Time Low: $0.0003 (2023-03-21)
• Circulating Supply: 207,143,695.04
• Total Supply: 207,143,695.04

Purpose and Utility of the Humaniq Crypto Token

The Humaniq crypto token, known as HMQ, is designed to serve as a medium of exchange on the Humaniq platform, where users can get paid for their work or services. The main purpose of the HMQ token is to provide access to financial services for the unbanked population.

Unique Features and Benefits

1. Egalitarian Emission Mechanism: This mechanism ensures a more equitable distribution of tokens, making it more accessible for users in developing nations who may not have the same resources as those in developed countries.

2. 4.0 Banking: The Humaniq app is designed to be more than just a crypto wallet; it aims to provide 4.0 banking, offering users the opportunity to earn money by interacting within the app.

3. Tradability: The Humaniq token will be traded on various exchanges, providing liquidity and enabling users to convert their HMQ tokens into other currencies or commodities.

Tokenomics and Distribution Model

The Humaniq crypto token (HMQ) is an Ethereum-based token that is used for all operations within the network and is distributed to users through bounty and referral programs. The token distribution model for Humaniq is outlined in the Humaniq Whitepaper.

Token Supply and Distribution

• Circulating Supply: 207,143,695.04 HMQ
• Total Supply: 207,143,695.04 HMQ

The token distribution model includes allocations to the Humaniq team, investors, and the community. The exact percentages allocated to each group are not specified in the search results.

Mechanisms to Control Inflation

While the specific tokenomics and distribution model of Humaniq is not fully detailed in the provided sources, it is clear that HMQ is an Ethereum-based token used for network operations and distributed to users through bounty and referral programs. However, there is no explicit information on mechanisms to control inflation, such as token burning or staking rewards.

The Team Behind Humaniq

The Humaniq crypto token is developed by a team led by Alex Fork, who is the founder and CEO of the project. Alex has a background in technology and entrepreneurship, with a focus on emerging markets and financial inclusion. He has previously founded and led several successful startups in the technology and finance sectors.

Core Team Members

• Alex Fork: Founder and CEO. Alex has a background in fintech and blockchain technology. In 2013, he wrote a book about Bitcoin and has been a speaker at numerous fintech conferences.
• Dmitry Kaminskiy: Co-founder and Chief Business Development Officer. Dmitry has a background in finance and technology and has previously worked in investment banking and venture capital.
• Anton Mozgovoy: Co-founder and Chief Technology Officer. Anton has a background in computer science and has extensive experience in developing and implementing blockchain-based solutions.
• Dinis Guarda: Strategic Advisor. Dinis is a serial entrepreneur and author with a focus on digital transformation and the impact of technology on business and society.

Notable Advisors and Partners

The Humaniq team has also included Vlad Martynov, a member of the Ethereum advisory board, and Vitalik Buterin, the founder of Ethereum. They organized an Ethereum conference in 2016 that gathered over 500 banking professionals.

Conclusion

Humaniq (HMQ) is more than just a cryptocurrency; it is a revolutionary platform aimed at providing financial services to the unbanked population worldwide. With its innovative use of biometric identification, user-friendly app, and future plans for advanced financial services, Humaniq is poised to make significant strides in financial inclusion. The dedicated team behind Humaniq, along with its robust tokenomics and distribution model, ensures that this project has the potential to transform lives through blockchain technology.

For more information, visit Humaniq's official website.