Quote from: Fastpow on June 08, 2017, 08:59:15 AM

Quote from: Jeffrey_memb on June 08, 2017, 05:53:40 AM

Quote from: sputnik1 on June 08, 2017, 03:43:35 AM

Quote from: Humaniq.co on June 08, 2017, 03:29:27 AM

Quote from: goforgold99 on June 07, 2017, 09:15:55 PM

I have a couple of concerns / questions about this project. Please help me answer:

1) The whitepaper states the HMQ unit is integer and not fractional.

This means the smallest payment that can be made is 1 HMQ.

At some point 1 HMQ might become as valuable as 1 USD or 10 USD or even more (currently $0.16). Let's say 1 HMQ == 10 USD. Then, 10 USD will be the minimum payment that must be made via the Humaniq App.

This is not desirable, especially not in developing countries where many people live on as little as USD 2 per day (stated in their white paper). How shall this problem be solved?

2) The white paper states:

"Emission proceeds until kmax people are registered. kmax should be relatively big."
[...]
"Denote the total amount of coins sold via Pre-ICO + ICO by Vico"
[...]
"The objective number 4 states that the total average number of coins that a user can mint in-app must be close to 500"
[...]
"kmax = round (Vico/125)"
[...]
"the maximum possible amount of Humaniq coins is limited by 5Vico"

Now the question is how big is Vico:

- Etherscan (https://etherscan.io/token/Humaniq) says there are currently 184,190,414 HMQ
- The ICO contract code (https://etherscan.io/address/0xcbcc0f036ed4788f63fc0fee32873d6a7487b908#code):

   // 31 820 314 tokens were minted during preICO
   uint constant public preICOSupply = mul(31820314, 100000000);

   // 131 038 286 tokens were minted during ICO
   uint constant public ICOSupply = mul(131038286, 100000000);

which leads to 31820314+131038286 = 162,858,600 HMQ

a) The maximum number of users to receive token emission is 162,858,600 HMQ / 500 HMQ = 325,717. The maximum number of HMQ there will ever be is 5*162,858,600 HMQ = 814,293,000 HMQ. With the conservative assumption that every user will have only about 500 HMQ, the maximum number of total users is: 814,293,000 / 500 = 1,628,586.
Only 1.6 Million users. You are advertising of targeting 2 Billion users. How can this fit?

b) Why are the numbers of Etherscan and the contract different? Was there already an emission of 184,190,414 - 162,858,600 = 21,331,814 HMQ? To who? With an average of 500 HMQ per user, this would mean already 42,663 are using your app. But there is no app, yet.

Please comment

Ok, seems like you are a very smart person, lets try to think where there is a huge error in your assumptions, and in your questions?

21,331,814 HMQ was allocated for Dev team ready to dump when the price is higher. this is a complete joke ~22M tokens plus 5M during ico .. only dev team can make money here investors will not don't be fool people

Only dev team can make money here? Mhh strange... because i am now on x3 on this here

Price starts rising = FUD starts coming in. As I said before, if you have legitimate questions ask them in the AMA later today. There is absolutely no reason to make ungrounded claims based on assumptions.

Event can be found here : https://www.facebook.com/humaniq.co/videos/613610972181373/

only pump and dump, be careful Grin