Partnership is key to Humaniq’s mission — which is why we are enlisting developers to try to break through the security of a Humaniq App wallet

Humaniq is challenging developers to hack a HMQ coin wallet and transfer funds to a second wallet as part of the rigorous testing of our security systems.

The winner will receive $5,000, if they succeed in hacking the wallet, and can also outline the vulnerabilities that they find in our system. The Humaniq Crypto Prize competition was first launched at the Crypto Economy World Tour in Amsterdam on 30th January, with an original deadline of tonight. But with nobody yet coming forward to claim the prize, with 100 developers taking part so far, and midnight rapidly approaching, we are extending the deadline to 21st February.

This will give developers even more time to fully test our systems. Security is crucial to us as we strive to provide vital financial services to all the global unbanked who are left behind. As the World Bank has stated, attempts to include those without any means of making digital transactions will fail if the global unbanked are not provided an attractive, trusted service. This is why our team of world-class developers have built a multi-factor security system, ‘proof-of-human,’ including biometric identification, PIN codes and behavioural scoring, as well analysing online behaviour. However, we can never be complacent and will always put our community first.

This is why Humaniq’s Platform Director Daria Batukhtina announced the prize to test our team’s safeguards. At the same time, she also set out to developers at the event the massive opportunity for them to seize: to build new apps that can be offered through the Humaniq ecosystem, outlining the potential of both a job marketplace and financial services. A remote work system, operated by a decentralised exchange would allow workers to buy and sell their labour hours to anybody in the world — powered by a micro-payment system, she said, highlighting our unique API to partners to build on our application.

With our aim to this year welcome one million of the global unbanked to our community and harness the power of our app. Key to this vision will be our second aim, to integrate the services of ten partners within the Humaniq ecosystem, providing our community members with a range of services which were before very difficult, or simply unavailable for them before.

And on the security issue, while our team works hard on development and improvement of the app, we believe that it is you, our community, who can find existing issues and make Humaniq App even better! Together, we can unleash the full potential of the app.

So join us, enter our competition, and help realise our vision. You can obtain information by clicking here.