Blockchain banking app Humaniq has reached an agreement with SpaceBTC to list its token (HMQ) on the cryptocurrency exchange after the end of its Initial Coin Offering in April. Operated by PAX ROMANA GROUP LTD, incorporated in England and Wales on November 2015, the SpaceBTC team is located in London, Moscow and Seville.
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“This is a great day for us and we couldn’t be happier. I’ve met the guys from SpaceBTC and they’re really good at what they do,” stated Humaniq founder Alex Fork. “They’re very above board and transparent, which is essential in this industry. SpaceBTC already has partnered with Chainanalysis from Barclay’s accelerator, and are currently applying for regulation with the FCA. Our discussions with them have given us a lot of confidence that they’re going to be a big player in the cryptocurrency exchange market.”
“The issuance of HMQ is meant to jumpstart the network of users we’ll be building. Since we’re targeting unbanked communities, they need a cryptocurrency to start with. So we’re issuing them a small number of coins, and then they can earn additional coins by performing work, making P2P loans, and so forth,” added Fork. “We’re not excluding the use of other tokens through our banking app, but rather we’re providing initial currency so people can begin to use it to exchange goods and services. AKA- giving them a great reason to use the app and add more of their friends and family to the network, which will naturally attract businesses who want to offer services to our clients.”