Introduction to Humancoin:
Humancoin is the first global cryptocurrency based Charity mining protocol which is going to make a connection between cryptocurrency world and philanthropy. Humancoin aims to provide quick funding with little overhead for the charity programs. This platform will allow the donors to analyze their online expenditures, make global donations without geographical restrictions and get discounts from partner’s platforms.
What are the problems in the traditional charity platforms?
According to a recent report, the charity market is gradually increasing and in 2017 it was estimated to be 747 billion dollars. Most of the people prefer to give charity to the street people or trusted people. Most of the donors do not trust digital platforms because there is no trustable international project which is analyzing the charity activity. There are many cross-border payment issues in global charity programs which is decreasing the potential of charity work. The complex dealing system of regularity agencies reduce the wish of donation. People do not get any type of reward or benefit after participating in charity schemes. There is less use of advance technology and tools in the charity sector.
What is the solution provided by Humancoin?
Humancoin is going to combine digital currency, charity system and e-commerce industry with each other to solve the issues of traditional charity platforms. The integration of blockchain technology will allow the donors to manage and track their transactions. They will get full records about the plans, classification and spending of charity amount. Transaction fees will be reduced with an automatic and advance system. Fast transactions and payments with blockchain technology will solve the cross border payment problems. The automatic smart contracts will revolutionize the whole charity system. This platform is offering many amazing features i.e. mobile app, multi-language support, currency conversion with integrated wallets, build-in messenger, online reports and simple dashboard with setting.
- The association of philanthropy with smart contracts and blockchain, will increase the value of token in progressing loyalty schemes.
- Humancoin has an aim to become the first global e-commerce loyalty organizer with blochchain technology.
- This platform is going to make its own space in the charity world without competing with any existing charity organization.
What are the advantages to use Humancoin platform?
- Fiat currency: Humancoin is allowing the use of local currency for the collection of charity. By using the build-in conversion tool of Humancoin ecosystem, users can convert their currency to the desired currency of the charity campaign.
- Global charity platform: Humancoin is going to launch a global charity environment where donors can do international donations without any restriction of nationality, race, color or location. This platform does not belong to a specific community or charity management.
- Versatile: Humancoin can collect and manage any kind of fiat and digital currency. The users will never face any type of problem in case of currency restriction and complex conditions of the project. This platform will give full freedom to the benefactors.
- Simple tools: Humancoin strives to use the advance tools and user friendly interface. Every project will be categorized by using the features of ranking, leveling and voting tools.
- Fees: Humancoin is reducing the fund raising fees from 20-30% to 5%. This fee will be used for the growth of the platform and its future support.
- Professional team: Humancoin is going to connect the professionals from legal and financial sector to the global charity system. To evaluate the major projects, Humancoin will take help from forensic audit companies.
Which token is used by this platform?
This platform is utilizing Humancoin which is an ERC-20 standard token. This token can be used to choose any charity program and to make donations. The system will automatically distribute the funds to the highest trustable and rated program on the platform. The use of AI will help to reduce the stress of searching for a best project and donations conditions. Half of the team reward will be blocked for 6 months by smart contracts and the other half will be blocked for 12 months by smart contracts. Humancoins can be easily converted into miles, coupons, bonus and points without any deep knowledge of system operations.
- Token name: Humancoin
- Total supply: 3055 million Humancoins
- Price: 0.01 USD = 1 Humancoin
- Soft cap: 6 million USD
- Hard cap: 26 million USD
- Acceptable cryptocurrency: ETH
- For sale: 50.9%
- Ambassadors: 10%
- Reward: 10%
- Bounty: 4.1%
- Exchange and consultants: 8.3%
- Development funds & partners: 16.7%
Humancoin is the platform which is going to change the loyalty programs with the involvement of e-commerce sector. This platform will bring a revolution by making a partnership with the existing charity platforms. This platform is offering cost effective fund proceeding fees which is 4 times less than the market value. For each donation, Humancoin gives the option of receipt which can be utilized for tax reduction. If you are interested in future oriented ideas of Humancoin, then visit its site for more details.
Links to Humancoin:
- Facebook: https://www.facebook.com/Humancoinnet/
- Twitter: https://twitter.com/humancoinnet
- Whitepaper: http://docs.humancoin.net/HumanCoin_whitepaper_en.pdf
- Website: https://www.humancoin.net/
- ANN: https://bitcointalk.org/index.php?topic=4469466
Author profile: Hobo66