I am offering 20* Steem to whoever can provide the best breakdown - analysis - explanation - case for Humaniq. I don't know enough about this to explain anything but I am very curious.
"Almost half the world — over three billion people — live on less than $2.50 a day. At least 80% of humanity lives on less than $10 a day." "nearly 2.5 billion people live in regions where no banking infrastructure exist. The only form of payment available in those regions is manually giving banknotes (and/or coins) to a counterparty." "the total number of people who did not have identification documents amounted to 1.5 billion by 2016."
"The Global Findex shows 3/4 of the world’s poor do not have a bank account, not only because of poverty, but also due to costs, travel distance and paper work involved"
"Globally, 38 percent of adults remain unbanked. Yet among the survey respondents with-out an account, only 4 percent said that the only reason for not having one is that they do not need one."
Read the White Paper <---- Visit HumanIQ.co
Read this Cointelegraph article and also this recent Cointelegraph article about the ICO.
The problem: the number of satoshis in circulation (or any other small units of crypto) is insufficient for some regions. E.g., in Indonesia(250 million people), there’s just not enough digital currency to have substantial daily turnover (volume). Bitcoin is scarce, and if you don’thave bitcoins, you are inclined not so to be interested in the network.For regions poorly integrated into the international financial system,it would take a lot of time for sufficient liquidity to appear in the local market. But there’s no doubt that such regions have their own domestic economy today. It’s just they are almost exclusively cash-based.
Our solution: unlike other cryptocurrencies, Humaniq provides an egalitarian emission mechanism.The amount of coins that one person can mint is limited, and this is what makes Humaniq so special. This mechanism has nothing to do with competing in specialized hardware,having access to specialized hardware, wasting electricity, or owning the coins preliminarily. It may be called proof-of-face, and nothing is more fair than that.
Get it on iTunes or or try it on Google Play
*The 20 Steem reward is at my discretion.
*If no sufficient responses are given I may award 10 Steem to a runner-up.