Ethereum-based financial services app project Humaniq has raised almost 3,000 BTC in the first five days of its ICO.
The campaign, which its team has dubbed “the first humanitarian ICO in the history of ICOs dedicated to improving the lives of people in emerging economies and freeing them from poverty,” ends April 27.
“We were expecting good results, but even we’ve been amazed at the current stats,” developer Dwight Sproull wrote in a blog post at the start of the ICO.
“We’ve been communicating our vision of a world where no one has to be disconnected from the global economy, and the response has been overwhelmingly enthusiastic. On behalf of the entire Humaniq team, I’d like to say Thank You to all of the individuals who have supported our project so far.”
The 3,000 Bitcoins raised so far are roughly half of the ICO’s second stage goal, testing its app ecosystem in a pilot scheme in India.
If funds are gathered in their entirety, there will be enough capital to allow for further expansion into Africa and South America, a Fintech startup acceleration program and even decentralized biometric ID research. The last of these is a central component of the Humaniq app proposal, which uses smartphone biometrics in place of traditional bank checks.