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Blockchain startup Humaniq raises over $5M in ICO

Humaniq, a Blockchain Ethereum-based financial services project focused on financial inclusion, has raised $5,163,000 in its public crowdsale of the HMQ token which concluded on April 27th.

The campaign, which saw participation of nearly twelve thousand people, aimed to raise seed funds for the Humaniq project, which aims to provide banking solutions to over 2.5 billion people globally who do not have access to financial services. Humaniq announced last week that its HMQ cryptocurrency token will be traded initially on six exchanges SpaceBTC, LiveCoin, Bitlish, Dabtc, Exmo, and Cex.io.

"Our team has worked hard to prepare and deliver Humaniq's ICO, as the first innovation blockchain humanitarian cryptocurrency token crowd sale in the history of ICOs, dedicated to improving the lives of people in emerging economies and offering them financial inclusion using tech for social good," said Dinis Guarda, CEO of Humaniq. "We will see over 300 ICOs this year alone. Humaniq's token sale ICO is unique as it happened to be one of the most decentralized ICO's in recent history with a multinational participation of people diversified all over the world and with an average check of only $435."

In its official release, Humaniq said that the product launch (mobile app and exchange app) will occur in July 2017, as stated in the Humaniq project whitepaper. In September, the company will begin expanding the project to underdeveloped regions in Africa, Asia and Latin America. The company also plans to further decentralize its structure, with the integration of virtual cards and aligned fintech start-ups in 2018.

"We have big plans for this year. This initial pre-seed round demonstrated great interest in the Humaniq mission and vision. The fact that nearly twelve-thousand people participated, confirmed there's a great demand and it is a very strong proof of concept. Soon we will launch Humaniq's Fintech-Blockchain accelerator. And now we will start an intensive strategic, business and legal development process, to prepare the project for next venture investment round and to propel the entire Humaniq ecosystem to the next level”, Dmitry Kaminskiy, Co-Founder and Chairman, said.

Humaniq further said that it is continuing to refine its app, which it has been testing since March 15th when it was released on iOS and Android. It is moving forward with an Ambassador program and now it has the resources to roll it out and start training local Humaniq evangelists to push user adoption in target areas.

The startup is also continuing to partner with a number of organisations and companies – some are working on parts of their app, and many are working on creating their own third party services to plug into the Humaniq ecosystem. Humaniq opened offices in Moscow, Luxembourg, Cambridge, San Francisco and London to keep close to the most recent innovations in the fintech scene and take advantage of all new opportunities.

"Our goal is to provide financial services to over two billion unbanked people around the world, and now we're in a much better position to achieve this thanks to the extremely enthusiastic support of the people who have contributed to our HMQ token sale”, Alex Fork, Co-Founder and President said. "To everyone who believes in us and has contributed to our pre-ICO and ICO, thank you. Without you, Humaniq would not be possible and now we can focus on converting the trust of our team and supporters into measurable benefits for the two-billion unbanked people across the world who are the reason for Humaniq's existence”.

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