Humaniq
Crypto Overview
Project Overview
Humaniq was launched in 2017 as a blockchain platform aimed at providing financial inclusion solutions for unbanked populations in developing countries. The project's core offering was a mobile app that would allow users to access basic financial services using biometric authentication.
Purpose and Utility
The HMQ token was designed to serve as the native currency within the Humaniq ecosystem, intended for payments, remittances, and accessing financial services through their mobile application.
Current Status
As of 2024, the project appears to be inactive. The official website is no longer accessible, and there has been no significant development activity on their GitHub repositories for several years. The mobile application is no longer available on app stores.
Business Model Analysis
The original business model focused on financial inclusion through legitimate technological solutions, which aligns with Islamic principles of promoting social welfare and economic justice. The project did not involve interest-based lending or other prohibited activities in its intended design.
Token Distribution and Usage
The token distribution included allocations for development, team members, and the ICO participants. However, due to the project's current inactive status, meaningful analysis of current token distribution and usage patterns is not possible.
Crypto Impact
To assign a comfort level investing in Humaniq from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Humaniq.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.