The Humancoin platform helps the E-commerce websites to gain new customers and at the same time, satisfy the existing ones. This is done by creating the emotional bond between the customers and the platform. This bond is created by allowing the customers to donate to the people in need and help the E-commerce websites retain their customers. The whole platform revolves around a token called the Humancoin token.
The Humancoin token is an ERC20 token that is based on the Ethereum blockchain. By using the Ethereum blockchain, this token is free from the slow transaction speed, also charging a lower miner fee.
The Humancoin token is not going to replace the existing loyalty programs. Instead, it sits on top of the existing programs. E-commerce websites can use this system to reward its customers. Users will receive the loyalty points as usual. These points will then be converted into the Humancoin token based on the exchange rate set by the different platforms.
The tokens that you accumulate by shopping on E-commerce websites can then be used for shopping on any other website that is integrated with the Humancoin platform. It can also be used to buy air miles and other loyalty points as well.
The Humancoin token will also be listed on various exchanges. This means that users can accumulate these tokens and exchange them for other cryptocurrencies on various exchanges. Additionally, these tokens can also be donated to the various charities across the world. Users will not have to pay extra in order to donate to charities in other countries either. There won’t be any currency conversion fee as well.
The Humancoin platform will not be affected by the scalability problem that exists in traditional blockchains. This is because of the unique proof of Charity mining consensus that it implements. Not all the tokens are sold during the token sale event. Like all other cryptocurrencies, the tokens are going to be created as time goes on. In Humancoin, whenever you donate some tokens to a charity of your choice, half of the total tokens will be generated and credited to your wallet. Thus, the process of donating is also very rewarding.
By eradicating the need for proof of work consensus, there is enormous room for massive expansion of the project. With a global reach and the new consensus mechanism, the platform is going to scale up very efficiently,thus, facilitating the mass adoption of the blockchain technology.
A token with a really big potential; anyone would want to get their hands on it. Currently, the Humancoin tokens are available on the Humancoin website through a pre-sale event. A total of 3055 million tokens will be available for the token sale event.
Users can buy these tokens in exchange for their Ethereum. Each token is $0.01 during the pre-sale and this price is going to rise as time goes by. Once, the usage of these tokens increases, the increase in price is going to be enormous. To participate in the token sale, you will need to buy tokens for a minimum of 0.1 ETH.
Buying the Humancoin tokens during the pre-sale event has some perks of its own. Every user who buys the Humancoin during the pre-sale event gets 50% extra tokens. This means that if you buy 100 Humancoin tokens, you will end up with 200 tokens instead. The token sale occurs in 4 stages. The pre-sale stage is currently going on and it offers 50% extra tokens.
The first stage of the token sale will also offer a 35% bonus and the second stage will offer a 20% bonus. However, there is no bonus for the last stage of the token sale. So, it is better to buy the tokens as early as possible in order to gain more.
The total number of Humancoin tokens is capped at 6000 million tokens. Out of this, 3055 million Humancoin tokens are available during the token sale event that is going on. 1000 million tokens are going to be allotted for partnership development fund. This is going to be used to get more E-commerce websites to agree to a partnership with the Humancoin project.
600 million tokens are going to be used to reward the team members who work in order to make this project a reality. Thus, motivating them to work harder to achieve greater heights for the project. Another 600 million tokens are going to be distributed to the board of advisors who helped guide the team in the right direction.
The token has to be listed on many mainstream crypto exchanges. In order to facilitate exactly that, 500 million tokens are going to be set aside to help list the token on the various exchanges out there.
One of the best ways to attract more people towards the project is to set up numerous referral programs, bounties, and airdrops. The humancoin team has set aside 245 million tokens to do exactly that. Users will be able to participate in many such activities and fetch themselves some free Humancoin tokens as well.
Like any other crypto token, the Humancoin token comes with its own set of benefits.
The Humancoin token is an ERC20 token on the Ethereum blockchain making it faster and cheaper to transfer.
Users can donate to charities across the border without having to worry about currency conversion charges and cross border charges.
Unlike traditional loyalty programs, using Humancoin, users can buy anything they want across the various partners that the platform has. This ensures that none of the loyalty points are wasted.
The platform also has a quarterly buyback of tokens program. This means that once the project goes live, the price of the tokens are set to increase 5x every quarter. Thus, this guarantees optimal returns to the investors who trusted and invested in the project during its ICO token sale days.
The Humancoin token is a crypto token with a bunch of use cases. By purchasing the tokens right now, users are sure to get a larger return. So, what are you waiting for? Go, grab some tokens right now so you can get a bonus as well!
