Innovative technologies have fostered the emergence of the P2P economy, mostly driven by digital platforms and partly by crypto currencies. The strength and opportunity of a P2P based economy is it´s effect of shaking and shifting the very internal conventional foundations of economics, as we have known it for over the past 100 years. An important part of the global phenomena of the P2P economy is the recent emergence of the crypto economy, particularly its innovative concept of ICOs (Initial Coin Investment).
Launched in the end of 2016, Humaniq has been working to provide mobile finance for 3 billion unbanked or underbanked people, globally through its mobile app and token HMQ. Humaniq aims to develop an open source, fully stacked API that will be available for startups and other third parties, enabling them to build services using the Humaniq technology; ths will make it easy to adapt their services with the Humaniq network to reach a huge, untapped audience.
Humaniq has built its business footprint through an ICO in an effort to sustain an organisation focused on building a humanitarian capitalism and fostering financial inclusion, by using blockchain for good. The Humaniq ICO, considered to be the first fully humanitarian focused Initial Coin Offering (ICO), ran from April 6, 2017 through to April 27, 2017. It raised USD $5,163,000. The amount raised during its public crowd sale was significant, providing the organisation with a budget for the execution of the plan drafted in the Humaniq white paper.
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