The next generation of financial services for the unbanked based on blockchain technology as a platform. The project aims to solve practical and objective problems, these are a great strength and also have a clearly defined target audience. Traditional financial institutions and financial technology (FinTech) companies have long discussed the potential of the financial services market, and Humaniq is just the first project to address this issue. Since the technology of distributed databases itself solves many problems that prevent traditional players from entering this market, it is not surprising to come from the blockchain industry. We believe the team has the necessary capabilities and experience to implement the project's stated goals.

Project Highlights

- Promising market direction for the project. Traditional financial institutions and emerging Fintech (financial technology) companies can conduct long-term monitoring of areas with weak financial infrastructure.
- The founders have effectively solved the problem of identifying users in areas with low literacy rates by introducing biometric tools.
- The infrastructural nature of the service offers great prospects for its development, potentially connecting a large number of users with access to the Internet to provide Fintech services.
- The founders of this project have extensive experience in Fintech and blockchain industries.
- Due to the infrastructural nature of the project, and the limited number of people within the financial services, there is a huge potential for scalability.
- Provides a detailed promotion reward system for the regional ambassadors of the Humaniq project.

Application scenario

Remittance
Our project uses blockchain technology to allow people to pay directly, bypassing middlemen. To send money, you simply log into our app, which uses facial recognition technology to secure transactions. You can then replenish the Humaniq balance and transfer Humaniq tokens to other users anywhere on the planet. With Humaniq's near-zero-cost transactions, micropayments are easy and affordable to make. You also avoid the cost of moving funds from one currency to another – another reason to take control of your money with Humaniq.

Remote Work
With the Humaniq app, everyone can now work online and earn good money. Our app collects simple tasks that companies need people to perform from partners like Amazon Mechanical Turk. After logging in and confirming your identity, you can access these missions in a special "Earn" tab. They are tasks that require no special skills and help companies research image and speech recognition technologies. Some people earn up to $30 a day this way, giving people a new way to escape poverty using our app.

Aid Without Corruption
Securing aid payments to those in need is another important, life-changing task that Humaniq can perform. Using blockchain technology, funds can be easily transferred to the intended recipient in a verifiable manner. After providing the requested help, a special token appears on both the blockchain and the Humaniq app to prevent double spending. Tracking the flow of funds has never been easier thanks to the full transparency of the Humaniq blockchain. By making payments transparent, we can give people new confidence that aid organizations are effectively distributing emergency aid.

Lending Directly to Entrepreneurs
We really believe in helping the unbanked improve their lives and they need a way to invest in their future so they can reach higher standard of living. We can support lending by cutting out the middle man and bringing lenders and borrowers together. To do this, we are developing a business in-app feature that will allow Humaniq's partners to borrow and donate money and app users to request funds. This will expand the use of microfinance faster than can be achieved through branch offices and on-site partners. It will make loans faster and cheaper - with interest below 10% and money transfers at almost zero cost.

Financing for Everyone
Humaniq plans to help achieve gender equality by connecting the female population with 4.0 banking services. Anyone — young, old, male or female — can take out a loan or donate at Humaniq. This will improve healthcare, income and education. It will also remove barriers for women to register bank accounts. Women will have more control over their finances and businesses. For oppressed women and others without access to banks, the barriers to registering financial accounts will disappear. People will control their money and their businesses.

A smartphone is for everyone
Humaniq will reward those who download our app and complete the biometric ID process to confirm their crypto identity. Now everyone can buy a f ordable smartphone, install the Humaniq app and then possibly pay for the phone within days, just by using our app, providing personal data and learning. We want to go one step further. We're building partnerships that could see free calls being offered in exchange for users performing future services or providing data.

Promoting China's Economic Development
The Humaniq app is not just another cryptocurrency wallet. We will provide 4.0 banking, giving users the opportunity to earn money by interacting within the app and attracting micro-loans. That means people without bank accounts will be able to improve their lives and buy more for their families and themselves. The more wealth created by emerging economies in Africa, Asia and South America, the better it is for China's manufacturing and export economy. By helping these millions raise some money, Humaniq will thus drive purchasing power.