About Humancoin
Humancoin is a blockchain project, which unites philanthropists and recipients of funds on a single platform in the most convenient and transparent way possible. Donors (which comprise one in three of us globally) can quickly make donations worldwide, monitor their expenditure online and also receive discounts from the platform’s partners.
Charitable projects are able to accept funds with minimal overheads and in the shortest time in any convenient currency. Blockchain can reduce or even remove the need for third-party authorities (a long chain of banks, NGOs, government agencies, law firms and so on). Blockchain could make it easier to develop direct giving platforms at a much larger scale.
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. Charitable projects, both private initiatives, and foundations enter the details in the Humancoin platform.
They complete a standard format the initial stage. In the future, Humancoin plans to conduct a forensic audit with the help of specialized financial and legal teams. Contributions can be anonymous or, conversely, if the donor so wishes, can be made public.
Why Own Humancoin?
The Humancoin tokens can be easily convertible into any points, miles, bonuses, coupons. 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 does the popularity of the token.
The Proof of Charity “mining” concept allows the project to scale hundreds and thousands of times.
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
Problem : Lack Of Trust
Doubts over whether the contribution will reach the recipient in full and on time, and a lack of trust in charities.
High operational costs of the transactions, the complexity of cross-border payments, as well as dealing with regulatory agencies.
Inability to discern any additional benefits for making a donation.
Solution
Blockchain solves the trust issue by providing transparency, traceability, and security.
Donors can quickly make donations worldwide, monitor their expenditure online, receive benefits from the platform’s partners.
The symbiosis of e-commerce and cryptocurrencies will facilitate an increase in the number of donors.
Among the project’s partners will be large online stores, service businesses, gaming and entertainment industries, airlines, crypto exchanges, international corporations, regardless of whether they operate with cryptocurrencies or not.
Competitive Analysis
Virtually everyone recognizes the need to make the philanthropic industry transparent and completely manageable with the help of blockchain technology. However, there are relatively few blockchain projects in the charity sphere: cherr, aidcoin, clearaid, bcharity among them.
But these are niche or local start-ups that do not operate beyond the philanthropic industry. There are about the same number of blockchain projects developing loyalty programs, but all of them face the problems of a making a cold start and beginning with an insufficient user base in order to quickly and productively build meaningful cooperation with major global e-commerce players.
Registration Of Benefactors
To get involved with charity projects on the Humancoin platform, a user must register and complete verification. After that, he will be able to make donations anonymously or with different levels of personal information disclosure.
The platform dashboard will allow each participant to manage donations, adjust information flow and receive reports on projects of interest, interact with other donors and/or recipients via the Humancoin messenger. Platform users can download receipts via the interface to get valid documents confirming the transfer of funds to charity in order to file tax deductions, depending on the tax jurisdiction of the donor.
Proof Of Charity
The Proof of Charity concept allows the project to scale hundreds and thousands of times and, therefore, places no restrictions on the number of participants that can get involved: new projects, donors and e-commerce market players will be able to become part of the Humancoin community in the future.
Basic Information
Token Name HUMA
Token Sale 3,055,000,000 HUMA
Token Price 0.01 USD
Platform Ethereum
Token Supply 6,000,000,000 HUMA
Hard Cap 26,000,000 USD
Soft Cap 6,000,000 USD
Token Distribution
50.9% token sale
16.7% Development
20% Advisors
8.3% Consultants and exchanges
4.1% Bounty
Roadmap
Team And Advisors
Giles Gailer – CEO
Kate Bublik – CMO
Aravinda Babu – BLOCKCHAIN AND SMART CONTRACTS EXPERT
Nathan Van De Ven – COMMUNITY AND PROJECT MANAGER
More Information Visit The Humancoin Link:
Website : https://www.humancoin.net
ANN Thread : https://bitcointalk.org/index.php?topic=4469466
Telegram : https://t.me/HumancoinChannel
By Kembartapibeda
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