The Humaniq ICO is a launch of the HMQ, a utility coin for the Humaniq platform and mobile app. The ICO allows interested parties to purchase the HMQ coin at a discounted rate in advance of the full launch of the Humaniq platform, which will provide financial services to the more than two billion individuals worldwide currently excluded from formal banking systems.

A utility coin refers to the fact that HMQ is actually used for more than just speculation on the crypto exchanges but has a value that can be used for other purposes in the future such as peer to peer lending, remittance and participation in the Humaniq platform ecosystem. Humaniq also plans to have almost any fin-tech service imaginable, including p2p and loan services . But at the beginning Humaniq will only provide infrastructure for financial services and verification of transactions. Humaniq is sponsoring other startups who have services that will plug in, as well as working on partnerships with established services who are interested in participating.