Blockchain banking app Humaniq has pushed back its ICO (initial coin offering) to a new date in April. Citing restrictions on bitcoin withdrawals from Chinese exchanges, Humaniq’s rescheduled the ICO to take place from April 6th to April 27th.
“I’ve been in close contact with our Chinese partners, and our internal information shows us that there is strong interest in this ICO among Chinese blockchain community members,” stated Humaniq founder Alex Fork. “Therefore, we’re going to show some solidarity and good faith to our friends in China, and push back the ICO so that they don’t miss out on early investor rewards.”
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Fork further clarified: “We’re not pushing the ICO date back due to any organizational challenges. Our team is ready and moving forward as normal. The only reason we’re pushing the ICO back is to see if the Chinese government changes their stance, and for our potential investors from that country to shift their digital assets so that they’re in play to be investors when the ICO launches.”
Launched in 2016, Humaniq’s aim is to create an Ethereum based banking app that will bring mobile banking to an audience of two billion unbanked people. In addition to being a banking service, the app will also act as the infrastructure backbone for 3rd party services to plug into, such as insurance providers, p2p lenders, and data security.
The project has already been able to get some financial backing. During a short-notice December campaign, Humaniq managed to raise over $110,000 in Bitcoin and Ether during a pre-ICO initial crowd-funding, beating a target of $68,000.