So is the other 800,000,000 million coins pre-mined or is someone mining them? Because according to coinmarketcap this coin isnt mineable. Amd at what rate are these new coins being injected in at? Ive noticed over 10 million coins released over the last week.
The funds you are talking about is I guess are unsold tokens which are locked and can't be used (not sure).
Guess dev should clarify. My understanding is that the 800 m or so tokens will be the free HMQ that users of the App (available in July for the unbanked) will get as soon as they register (based on the formula in whitepaper, pls read). This is the incentive for the poor to use this app.
I am not sure about the recent release of 10m coins.
I am not clear how Humaniq will restrict app and free HMQ to only the needy, when anyone can download the App, do a proof-of-face and earn free HMQ. Had aked this question earlier in this forum
Honestly, even those amounts would be too big for the 'unbanked'. If someone that's living on the equivalent of less than 1$ a day (because that is what these 'unbanked' would make) gets 100 free HMQ (which would be worth 12,5$ at todays price) for downloading an app what do you think will happen.. I know I'd sell it immediately for the free dollars.
If this is the strategy to get people to use it they team is just selling out their investors IMO.
What a joke, 800 million coins are going to be 'airdropped' to people with absolutely no money? That is surely going to work out just fine price-wise.
Yeah...not a particularly smart move unless there is a set and strict distribution structure. If we consider it like a 'bounty' as we do for most stupid shit in the crypto community at large, it can be a small quantity of HMQ that you can get for downloading the app and doing the registration steps and set up.
Not a bad idea actually IF that is what they intend to do. But it has to come with steps, you can't just give money away for downloading the app. The user has to show intent on using it. If I get 100 HMQ for using the app, I may want to purchase more down the line with actual money.
Humaniq devs; please let this be what is planned in general. You guys need to be clearer on shit because the previous explanation is not good.
Honestly even those amounts would be too big. 100 HMQ is 12,5$ at todays prices. I assume that the devs mean by the 'unbanked' the approx 2,5 billion people living on less than 2 dollars a day. Well if I was one of these people and I were to somehow get 12,5$ worth of some virtual currency you can be damn sure I'd cash out immediately.