Humancoin - tokenizing the charity market

Understanding how can a blockchain based project rebuild trust in the philanthropic sector and simplify the way we donate to all types of projects and causes

For most of the people, a token represents a symbol, a piece of metal or plastic that is used in casinos (or games) or a voucher. However, a token is a term that goes hand in hand with the latest technological development and trends - especially the blockchain and cryptocurrency. Think of it as a new mechanism that fuels all interactions (including transactions and other operations) between participants in a platform, removing the need to work with fiat money or depend on intermediaries.

Until now, no one has ever come up with the idea of bringing all the benefits of the blockchain into the philanthropy industry (according to our knowledge, of course). Thus, Humancoin seems to be a revolutionary project that not only promotes the concept of donating cryptocurrencies to those who are in need of all the help they can get but also aims to incorporate the retail e-commerce industry, to boost the involvement of donors from all over the world and recreate trust in this sector.

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Key facts and numbers that make Humancoin so relevant in the time we live in

Without spending too much time with technical aspects (that may or not may be very useful while reading such a brief review), it’s essential to have a quick look at some the things that made Humancoin catch our attention:

• Members of this platform can donate to almost any cause, by simply sending ether from their wallets. It was about time to say goodbye to complicated, delayed and over-commissioned donations or payments, right?
• All donations and operations performed by participants to this platform are registered on the blockchain - this means a higher level of transparency and security.
• The three main pillars of Humancoin have a total value of $3.5 million (retail e-commerce, cryptocurrency, philanthropy).
• Recent estimates and statistics show that every third person on Earth has donated to charity at least once in their lifetime.
• The charity market has reached a peak of $750 bln.
• The cryptocurrency market has an approximate total value of about $900 bln.
• The retail e-commerce industry has a reached $2300 bln.
• These last two do some charity work and are perceived as being involved in socially responsible campaigns.
• Individuals who donate on Humancoin receive the Humancoin tokens - an attractive incentive that allows quick transformation into coupons, miles, bonuses or loyalty points.
• At the same time, participants will have the opportunity to keep these tokens as they are and help this coin grow.
• Humancoin enables integration of multiple projects, campaigns and donation services.

The Humancoin Token Sale - how, when and where

To take part in this token sale, it’s useful to know that:

• Tokens will be sold at $0.01
• The minimum purchase level is set at 0.1 ETH
• The pre-sale is open and active until August 15 and guarantees a 50% bonus
• The token sale starts on September 15 and ends on November 1
• Humancoin expects to raise $1 mln, for funding the development of the project in 2019

Find out more at the Website and read the ANN and Bounty Thread

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