Humancoin : The Least Common Denominator of Philanthropy and Charity

ranzerstand (7)in #charity • 6 years ago

About Humancoin

Since the emergence of blockchain technology in 2008 when Satoshi Nakamoto introduced bitcoin, there have been rigorous efforts to apply the blockchain to several aspects of the global business process, Blockchain technology has been described as having the potential to disrupt many industries with a low-cost transaction, immutability, and enhanced security. In the years that have followed, many other blockchain implementations have been developed with each one exhibiting unique features tailored to specific use-cases.

Blockchain has made it possible to issue just about any asset via a distributed ledger framework. With the aid of cryptocurrency tokens, these assets can be given economic value in order to initiate and validate several transactional processes. Several on-chain protocols have been developed by a number of startups and established companies alike in order to create blockchain-based solutions.

As more technological advancements are uncovered, HumanCoin, the new e-commerce cryptocurrency fuelled by the Proof of Charity mining protocol came on board.

The Humancoin project is a revolutionary platform that transforms the philanthropic industry for good, which was specifically created to work in synergy with the e-commerce and cryptocurrency markets. Humancoin has an interesting thing, namely Proof of Charity mining protocol, where you can get rewards by donating. Even though the rewards you get are not compared to what you donate. But all of that is the appreciation of humancoin for you generous people. Rewards that can be obtained are Vouchers, Bonuses, Points and others that can be used in e-commerce in collaboration with the Humancoin project. In the future Humancoin will work with large e-commerce companies around the world such as Amazon, Airbnb, Alibaba.com, Booking.com and others. not only that they also plan to partner with airlines, cryptocurrency Exchanges, Game industry and entertainment and service businesses. Regardless of whether they operate with cryptocurrency or not.

HumanCoin is the new e-commerce cryptocurrency fuelled by the Proof of Charity mining convention. Humancoin is a progressive stage realizing the cooperative energy of altruism industry, retail internet business and digital money markets, which together have a consolidated estimation of $3.5 trillion.

Humancoin is a leap forward blockchain venture, which joins donors and beneficiaries of assets on a solitary stage in the most advantageous and straightforward way. Benefactors (made of one of three of us internationally) can rapidly make gifts the world over, screen their buys on the web and furthermore get rebates from stage accomplices.

Philanthropy undertakings can get stores with at least overheads and in a brief timeframe in an agreeable cash. Blockchains can decrease the requirement for outsiders (long-chain banks, NGOs, government offices, law offices et cetera). Blockchain can disentangle the stage on a significantly bigger scale.

The Humancoin stage offers industry suitable and long haul answers for philanthropy through the solidification of three progressive procedures, digital currency markets, blockchain innovation and web based business unwaveringness programs. The stage unites all partners, including benefactors, beneficiaries and web based business clients. The organization has fabricated an interface that enables members to send gifts rapidly and intelligently to their picked nations, screen exchanges, and can see reports.

Problems and Solutions

This is another important point to remember if you are a person searching for good quality blockchain projects. What problem(s) does Humancoin tackle?

The problem that our conventional system is currently facing is the lack of trust in charity. Humancoin believes that there must be a need for transparency and traceability for charitable transactions. There must be low operational costs and eliminate heavy barriers. Benefits must always be easily achievable.

It is already known that blockchain solves the trust issue by providing transparency, traceability and security. Thus making blockchain a perfect tool for Humancoin.

Donors that will be using Humancoin platform can quickly make donations worldwide, monitor their expenditure via the blockchain, receive benefits from the platforms’s partners. The symbiosis of e-commerce and cryptocurrencies will facilitate an increase in the number of donors.

Issues That Humancoin Is Overcoming

Humancoin FeaturesOne of the main barriers that charities currently have to face is the reluctance of businesses and private individuals to give due to the fact that they fear that the money they are donating might not end up helping the intended individuals and instead end up in corrupt affairs. Over the years there has been a considerable drop in standing for non-profit organizations in the public eye due to the allegations of corruption and miss-management of funds, but these challenges could be easily overcome.

A further issue to the success of charities today has to do with the intense process involved with the handling of money once it attempts to move over international borders. Currently, this is a very tedious process and requires many external businesses and agencies to get involved in order to help the funds travel to the correct destination.

There is of course, the fact that since many people do not have the ability to garner more information on their specific donation, they don’t see any of the positive ramifications and therefore fail to see any real relevance for the action, which leads to them not necessarily wanting to engage in the process again in the future.

Features Of Humanitation, Which Differentis It Form Other Coins.

It will be the first block link that has ever been able to become an aggregator of the global e-commerce loyalty program.

The sign will have a unique advantage in the development of loyalty programs with partners creating a strong emotional resonance due to its association with philanthropy.
Instead of competing with other existing programs, the Humancoin token will be integrated effortlessly into an existing system, only an established conversion rate is required.
The main destructive advantage of a human coin is that the project blockchain will for the first time have a project that will have the potential to become a global aggregator of the many loyalty programs that will emerge in the field of e-commerce because of the support that will be received from the charitable industry.

Some Advantages Of Humancoin.

Humancoin will become an open platform for P2P, which will allow the benefactor to receive a direct point donation. The project will not be tied to any organization, since there are so many charitable organizations around the world.
Artificial use of the received token will not be compulsory for charitable operations. Any project based on the platform will give a convenient specification for the type of fiat or crypto currency that he wants to use.
The most popular crypto and currency currencies are easily managed by the Humancoin platform. Usually there are no restrictions for projects and even users when it comes to using currency.
Priority of this project remains integration and compatibility with existing popular market solutions.
There will be a limited fee of 5% for horticulture to raise funds, and this will be used for future platform support, but the commission charged by existing charitable funds may be up to 20-30%.
The platform will be able to use the function of the most functional and user-friendly interface.
If the donor wants, he can decide to leave his fund in the pool of people, the system will automatically allocate money for the projects with the highest rating from the platform community.
The first platform for hiring professionals will become Humancoin.
Additional options will also be available on the platform, so users can also pay for Humancoin tokens, in which case additional benefits will be highlighted.

The Strategy

Keeping with the spirit of giving, humancoin is set to integrate with the e-commerce industry, which has been in its glorious years, raking a revenue of trillion dollars, one of the biggest in the financial sector, revenue wise. Humancoin is also set to join the world of crypto currency, and the merger will create more potentiality for the humancoin, to gain more popularity and patronage. This success will bring up the charity industry back on its feet.

Humancoin, with its noblest of intention of bringing back the trust of donors in the charity industry, will surely be a hit. Not only because of its unique functionality as a platform but, because, it is designed to use the principle of leveraging.

How it works?

The platform provides the opportunity to fully track donations online, as well as voting and ranking for projects and philanthropists along with other features.

There is also the option to receive a receipt for each donation to use for tax deduction purposes depending on the donor’s tax jurisdiction.

The future expansion of the project will be financed by the 5%-fee raised from the funds collected for charity projects, which is 4 times lower than the market average.

Why own Humancoins?

The Humancoin tokens are easily convertible into any points, miles, bonuses, coupons. Token owners are incentivized to hold them to take advantage of attractive benefits. And this provides a long-term, stable demand for tokens.
As the number of partners and the scope of cooperation within the Humancoin Network grows, so does the popularity of the token.
The Proof of Charity “mining” concept allows the project to scale hundreds and thousands of times.

ICO Details

Token Name: Humancoin
Total Coin Emission: 6000, 000, 000 Humancoins
Tokens for Sale: 3, 055, 000, 000 Humancoins
Price of the Tokens: 1 Humancoin = $0.01 USD
Min Purchase: 0.1 ETH
Presale: July 1 – August 15
Token Sale: September 15–November 1
Soft Cap: $6,000,000 USD
Hard Cap: $26,000,000 USD

Partnerships

Based on the partnerships alone, we can safely say that this project is no joke. Humancoin aims to unite philanthropists and recipients of funds on a single P2P platform in the most convenient and transparent way possible.

Humancoin tokens will be easily convertible into points, miles, bonuses, coupons. So expect purchasing on Amazon using some coupons from just being a consistent compassionate donor in the Humancoin platform.