Humanity faces many challenges, one of which is poverty. Despite the positive dynamics of recent years, the fight against poverty is still one of the main modern problems, in which hundreds of millions of people are involved.
In September 2015, UN adopted a set of Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all, where poverty eradication comes first. We are convinced that this problem should be tackled progressively and comprehensively. In the modern world, new breakthroughs in technologies appear every day, which now improve the quality of life of all mankind. We believe that with the help of new technologies, people will be able to get closer to SDG number 1 — No Poverty.
Humaniq DAO is called up to unite people around the global challenge and improve the impact the contribution of each participant by providing the platform to collaborate and tools dedicated to one goal. While Humaniq itself is aiming on poverrty reduction and hunger alleviation, the Humaniq DAO is designed to create a structure in which people can work together to find solutions to problems from all seventeen SDGs.
The current financial system in Africa does not fully unlock the potential for economic interaction between people. In East Africa, it consists of self-governing institutions and MFIs. Only in large cities there are classic banks. However, their development does not go further than large cities due to the disadvantages inherent in a centralized financial system: difficult scalability, limited resources, increased risks of corruption and dishonest behavior.
We believe that DeFi has the potential to add more opportunities to the people of East Africa. The mission of Humaniq is to give the people of East Africa such tools and teach them how to use them in different cases: charity, work, education, investments. In other words, our task is to ensure the transfer of new technologies to developing regions. We know what works in the world and adapt it for developing regions. To connect to the global financial system, it is enough to download and install a crypto wallet, and you can already receive money from anywhere in the world, trade and interact with anyone.