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 name not only for the platform and ecosystem that will be created within the project, but also for tokens, which will be sold to obtain funds for the further implementation of the project and its promotion. Crowdsdale Humancoin, in turn, will form the base of potential donors, who, in the long term, will put tokens into various kinds of charitable projects and funds.
In order to carry out the transfer of funds, the user will need to select a specific charitable project or fund, and then - to transfer the tokens to the purse of this project / fund. If the donor is already a token holder, he just needs to specify the recipient from the list of available tokens. If the donor has learned about the platform after the end of the crowdsdale, he will have to make the transfer in a convenient currency, after which the platform automatically converts it into Humancoin.
Why tokens? Transactions using blocking technology have many advantages. First of all, the use of crypto currency for making transfers ensures their speed and eliminates any boundaries. Users do not need to use local currencies and convert them. In fact, the donor sends tokens to the recipient, but both send and receive the Fiat conversion automatically.
In addition, as is known, crypto-currency is based on block-up technology, one of the features of which is the ability to monitor the status of transactions and ensure transparency of transfers. Thanks to this, donors can view not only the state of their transaction, but also how exactly the project / fund to which they donated their funds, uses them.
In addition, translations in the crypto currency have another great advantage - economic efficiency. Due to the low cost of transactions, funds and projects receive the maximum amount of money - the commission of the Humancoin platform is only 5%, while most charities and funds charge at least 4-5 times more, because some of these funds are needed to organize them work.
Advantages of Humancoin
Humancoin will become an open platform for P2P, which will allow the benefactor to receive a direct point donation. The project will not be tied to any organization, since there are so many charitable organizations around the world.
Artificial use of the received token will not be compulsory for charitable operations. Any project based on the platform will give a convenient specification for the type of fiat or crypto currency that he wants to use.
The most popular crypto and currency currencies are easily managed by the Humancoin platform. Usually there are no restrictions for projects and even users when it comes to using currency.
Priority of this project remains integration and compatibility with existing popular market solutions.
There will be a limited fee of 5% for horticulture to raise funds, and this will be used for future platform support, but the commission charged by existing charitable funds may be up to 20-30%.
The platform will be able to use the function of the most functional and user-friendly interface. If the donor wants, he can decide to leave his fund in the pool of people, the system will automatically allocate money for the projects with the highest rating from the platform community.
The first platform for hiring professionals will become Humancoin.
Additional options will also be available on the platform, so users can also pay for Humancoin tokens, in which case additional benefits will be highlighted.
PROBLEM
Despite the rise of new mechanisms for donating, the charity industry still cannot overcome its main obstacle — a lack of trust. Donors, most of whom are private individuals, simply lack the means to verify whether their funds have reached the addressee in full and in the required timeframe, even if they transfer the money with the help of specialized organizations. According to various sources, about 20% (or more) of all donated funds end up being kept as administrative expenses by charity foundations. Many are faced with the complexity of cross-border payments (when one wants to help a foreign recipient) and later, potential difficulties with regulatory bodies. In addition, donors are forced to spend a part of their well-intentioned contribution on covering the operational costs of the transaction.
SOLUTION
The distributed ledger technology, which is designed to put an end to the middleman, gets rid of the long charity chain composed of banks, NGOs, state bodies and law firms. Blockchain provides a digital mechanism for recording and viewing any transaction. It is important that the record cannot be hacked or modified. Blockchain solves the trust issue by providing transparency, traceability and security.
Importantly, the new technology facilitates the development of direct financing platforms on a much larger scale. Philanthropists themselves can ultimately benefit from automated smart contracts as the recipients of grants will only be able to use their funds after meeting mandatory conditions.
All the many advantages that blockchain delivers will spur the growth of the charity industry. This new technology is already being studied by major market players such as UNICEF, the World Bank and Bill & Melinda Gates Foundation. Over the past few years, a number of respected charitable organizations such as the Red Cross, Save the Children and United Way, among others, have already begun accepting donations in cryptocurrencies.
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.
PLATFORM FUNCTIONALITY
Humancoin members will be able to use the platform's capabilities with a web-based platform and mobile application with the most thoughtful interface and dashboard, in which projects and funds are categorized and subcategories such as religion, healthcare, humanitarian aid, nature protection, education, etc. Humancoin has a built-in messenger so that all Humancoin users can communicate with each other, discuss funds and projects, make sure they are honest and reliable. Built-in purse allows you to convert local currency and tokens Humancoin in automatic mode. In addition, the creators provided tracking of all costs and online reporting for those who, due to the peculiarities of jurisdiction, it is necessary for tax purposes.
One of the possibilities of the platform is the investment of funds not only in specific projects and funds, but also in the HumanPool pool, which will automatically distribute funds between projects and funds with the largest ratings from the Humancoin community. This decision, at least, concerns corporate structures that are not in a position to transfer funds to a specific project. Community ratings are an important part of the Humancoin ecosystem. Information about assessments and user feedback on projects and funds will be safely stored in the blockroom. It is on these assessments that donors can rely, choosing the recipient of funds. In the next, final part of the review, we will talk about another, probably the main feature of Humancoin, which distinguishes the platform from all others, including decentralized ones .
Token Details
Token Name: HUMA
Platform: Ethereum
Standard: ERC20
Quantity: 3,055,000,000 HUMA
Price: 1 HUMA = 0.01
Payment: ETH, BTC, LTC
Soft cap: 6,000,000 USD
Hard cap: 26,000,000 USD
Website : https://www.humancoin.net/
Whitepaper : http://docs.humancoin.net/HumanCoin_whitepaper_en.pdf
Ann Thread : https://bitcointalk.org/index.php?topic=4469466
Bounty : https://bitcointalk.org/index.php?topic=4471521.0
Twitter : https://twitter.com/humancoinnet
Facebook : https://www.facebook.com/Human-Coin-1049107488575656
Telegram : https://t.me/HumancoinChat
Reddit : https://www.reddit.com/user/humancoinnet
Bitcointalk Username : helsing03
My Profil : https://bitcointalk.org/index.php?action=profile;u=1889458
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