Humancoin - Charity Industry Fuelled With E-commerce And Cryptocurrency

stellamckeeney (5)in #charity • 6 years ago

Charity, I think about charity and this summer (2018) I think about floods and fires around the world and how charitable donations are instantly needed to support those affected by disasters. But it doesn’t have to be disasters, it could be that charitable donations are putting shoes on feet or painting school walls.

However, not everything associated with charity is so clearly defined. For instance, how much of your donation will end up with the charity? Or for that matter, with the intended recipient.

It’s here that Humancoin intends to change the world. Humancoin is a breakthrough blockchain project, uniting philanthropists and recipients of funds on a single platform in a convenient and transparent way.

Humancoin is a new massive cryptocurrency fuelled by a Proof of Charity mining protocol, which allows it to scale thousands of times (more of this later).

By combining the charity industry and retail e-commerce (which together have a combined value of $3,5 trillion) on a single P2P convenient platform Humancoin can solve the problems associated with donating.

And with the philanthropic association, Humancoin inspires a compassionate resonance, which by bringing in loyalty schemes further enhances the brand. It’s a brilliant concept: charity with e-commerce providing loyalty schemes.

So, back to the Proof of Charity mining protocol. Humancoin will provide benefactors with 50% of the value of their donation in Humancoin tokens (according to exchange weighted token price).

Token owners will be 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 will the popularity of the token. The future expansion of the project will be financed by the 5%-fee raised from the funds collected for charity projects, which is still four times lower than the market average taken by Charities.

A fixed number of Humancoin tokens will be made available at the Token Sale (note here that the PreICO sale ends on the 15th August). All tokens that go unsold after the Token Sale will be burned. Afterward all tokens exchanged to loyalty rewards miles, bonuses, coupons will be returned and burned. This will limit/decrease the number of our tokens in circulation. After the Token Sale, the Humancoin token will be listed on crypto exchanges.

And Humancoin have recently announced that there will be quarterly buybacks 5x to Token Sale price after starting operations, a very attractive offer which goes very well with the attractive nature of Humancoin.

What is HumanCoin?

Humancoin is a breakthrough blockchain project, which unites philanthropists and recipients on a single platform in the most convenient and transparent way. Donors (consisting of one in three of us globally) can quickly donate worldwide, monitor their spending online and also receive discounts from platform partners. Charitable projects can receive funds with minimal exploitation costs and in a short time in convenient currency.

The Humancoin Token can easily be converted into tokens, miles, bonuses, other coupons. Owner tokens will be encouraged to hold them to take advantage of attractive benefits, and this provides long-term, stable demand. As the number of partners and the scale of cooperation within the Humancoin network grows, the popularity of tokens grows.

This is the first in the history of a blockchain project, which can be a global aggregator of e-commerce loyalty programs. with the Association's philanthropic tokens provide a unique advantage in the development of loyalty programs with partners to create strong emotional resonance. Instead of competing with existing programs, Humancoin marks can be easily integrated into existing systems - all that's required - is to set the conversion rate

The Humancoin Platform

Humancoin is a P2P platform and ecosystem that brings together donors, recipients and e-commerce players. The platform's interface lets participants quickly send donations to any country in the popular currency, to monitor transactions and view reports on their charitable activities, as well as to use international customer loyalty programs.

The Humancoin platform is designed with the goal of facilitating the process of interaction between philanthropists and beneficiaries to the greatest possible extent:

Breakdown of projects by category and subcategory, such as health, natural disasters, religion and environment;
Various mechanisms for ranking projects and creating online polls;
Data on the legal and financial verification of each project (forensic audit);
Integrated wallet with currency conversion;
Translations into various languages;
Mobile application;
Built-in messenger;
Expenditure tracker and online reports;
Convenient dashboard with individual settings for users.

Unique features of Humancoin

This is the first ever blockchain project that has the potential to become a global e-commerce loyalty program aggregator.
Association with philanthropy gives its tokens a unique advantage in developing loyalty programs with partners creating a strong emotional resonance.
Instead of competing with existing programs, the Humancoin token is effortlessly integrated into already existing systems — all it requires is setting a conversion rate.

Humancoin Advantages

Humancoin makes use of Blockchain to facilitate fast, completely ethical transactions that can be viewed by any interested party worldwide. Blockchain technology is also extremely safe, protecting the funds moving through it from potential threats.

Humancoin’s platform will enable a person to donate to any charity in the world, the money can transfer through instantaneously; the charitable person can receive feedback and can be given back additional rewards from the non-profit they partnered with.

Problem Humancoin Seeks to Solve

This project wants to change how philanthropy works for the better. Specifically, it wants to create synergy with e-commerce and crypto markets, which have a combined worth of $3.5 trillion USD.

The technology that is used in the charity sector is quite low-level. It is common for people that are ready to donate to change their mind because of reasons such as:

Doubt Donors become wary of whether the funds will reach the intended target on time and in full. This is mainly because there is no international organization that officially coordinates and evaluates the work of charities.

Complexity:Cross-border payments can be quite complex, whether you are paying for goods or donating to charity. In some cases, you might end up being grilled by regulatory agencies for such transfers. This put most people off.

The Humancoin Solution

The Humancoin project will resolve these issues via the blockchain integration into three sectors. These are e-commerce, charity, and the crypto industry. While annual donation volumes are estimated at $750 billion USD globally, the capitalization of the crypto sector is estimated at $300-$900 billion USD. The value of the B2C e-commerce sector is about $2.3 trillion USD.

By bringing synergy to these three markets, the project will herald a new era of charity. There will be a fixed number of Humancoin tokens for sale at the Token sale. These funds will go towards creating the Humancoin P2P platform.

There will also be an international network created, which will support this project. It will entail developing a partner network and launching a PR camping. At the end of the token sale, all tokens will be listed on crypto exchanges. After the token sale is over, the platform will start accepting applications and collecting funds for the charities. Donors will be able to pick projects, which they can fund.

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