Humaniq

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.