Humancoin is a revolutionary platform bringing about the synergy of philanthropy industry, retail e-commerce and cryptocurrency markets, which together have a combined value of $3.5 trillion.
Humancoin.net (hereinafter Humancoin) is a breakthrough 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.
The current technology employed in the charity industry is at a relatively low level. It is common for individuals and companies that are ready to donate funds to change their mind due to:
❥ Doubts over whether the contribution will reach the recipient in full and on time, and a lack of trust in charities, due to the absence of any official international organizations for evaluating their activities;
❥ The complexity of cross-border payments for foreign projects, as well as potential issues in dealing with regulatory agencies;
❥ Unable to discern any additional benefits when making a donation.
A fixed number of Humancoin tokens will be made available at the Token Sale. These funds will be used to create the Humancoin P2P blockchain platform and the international network to support the project, launching a PR campaign and developing a partner network. At the end of the Token Sale the Humancoin token will be listed on cryptoexchanges.
After the Token Sale is completed, the Humancoin platform will accept applications and collect funds for charities on an ongoing basis. Donors can choose projects directly to benefit from their funds, or alternatively make donations through the Humanpool (a collection of projects selected automatically from those with the highest ratings from the community). The platform provides the opportunity to fully track donations online, as well as introduce 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. Humancoin’s association with philanthropy gives its tokens a unique advantage in developing loyalty programs with partners, in comparison to other conventional loyalty reward tokens.
The blockchain platform fuelled by the Humancoin token will breathe new life into the philanthropy industry, providing an engine of growth while at the same time becoming a premier global loyalty program for an increasing number of partners.
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.
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 unites philanthropists and recipients of funds on a single P2P platform in the most convenient and transparent way possible.
The blockchain platform fuelled by the “mined” Humancoin token will breathe new life into the charity industry, proving an engine of growth.
While at the same time becoming a premier global loyalty program for an increasing number of partners in e-commerce.
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
Charitable projects, both private initiatives and foundations, enter the details in the Humancoin platform. They complete a standard form at 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.
The donor will be able to select a project on the platform and transfer money in their choice of currency. For example, after seeing a news report about an earthquake, the user can promptly send money to the victims of this earthquake. To do this, he will need to adjust the filters to find a suitable project. One of the functions of the Humancoin ecosystem is to unite those who are engaged in charitable activities, hence the platform will support all the major languages. A messenger is planned to be incorporated into the platform in order to develop the Humancoin community and give the participants the opportunity.
to communicate with each other. This direct communication will further guarantee the transparency of the system: donors and recipients will be able to share information about the status of various charity projects.
Both the web and mobile interface of the Humancoin platform will be equipped with online status tracking of all the projects currently accepting donations, as well displaying the user's own transactions. Data from the Humancoin platform falls into the Ethereum blockchain. The blockchain technology guarantees that any data entered into the system will be stored there without any chance for it to be modified in any way
A smart contract is an algorithm that regulates various aspects of the platform's activities. The ethereum blockchain enables the transparent and secure execution of smart contracts.
Humancoin smart contracts ensure:
♥ traceability of transactions in real time;
♥ token emission on pre-sale and sale stages;
♥ the issuance of additional emissions and allowance of tokens by Proof of Charity principle after the end of the Token Sale;
♥ the opportunity to verify whether the raised funds are used as intended.
As the platform develops, an individual smart contract will be provided for each project. These smart contracts will be based on the specifics of each project.
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, depen- ding on the tax jurisdiction of the donor.
A foundation, organization, project or individual fills out a form on the Humancoin Foundation website and encloses a set of documents. Projects that pass verification are then hosted on the platform, receiving the opportunity to obtain donations from benefactors. Depending on the required amount, project verification will be carried out by employees of Humancoin and special forensic units of audit companies. The forensics team will carry out legal and economic validation of the projects.
In addition to independently selecting charity projects, platform users will be able to send donations to the Humanpool. The system will then distribute the funds automatically (according to the donor's preferences) to the projects with the highest rating from the platform’s community.
This solution is useful for corporations that, in spite of making large contributions, find it inconvenient to direct funds to individual projects due to internal rules. This tool will also be convenient for donors who do not have enough time to independently decide which projects to send money to.
About HumanCoin Project, Links :
Website : https://www.humancoin.net/
Whitepaper : http://docs.humancoin.net/HumanCoin_whitepaper_en.pdf
ANN Thread : http://docs.humancoin.net/HumanCoin_whitepaper_en.pdf
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ERC20 Wallet Address : 0x24F26311B28E86523DB5f34BbF69cb63f331D403
