Humancoin is the new massive cryptocurrency fuelled by the Proof of Charity mining protocol. This invention allows the project to scale thousands of times. It is backed by retail e-commerce and charity industry which together have a combined value of $3,5 trillion. Blockchain technology on a single P2P convenient platform adds transparency and traceability. Association with philanthropy will make Humancoin a potential global loyalty programs aggregator. Humancoins will be easily convertible into any partners’ points, miles, bonuses. Quarterly buyback 2x the Token Sale price after launch.
I think about charity and this summer (2018) I think about floods and fires around the world and how charitable donations are instantly needed to support those affected by disasters. But it doesn’t have to be disasters, it could be that charitable donations are putting shoes on feet or painting school walls.
However, not everything associated with charity is so clearly defined. For instance, how much of your donation will end up with the charity? Or for that matter, with the intended recipient.
It’s here that Humancoin intends to change the world. Humancoin is a breakthrough blockchain project, uniting philanthropists and recipients of funds on a single platform in a convenient and transparent way.
Humancoin is a new massive cryptocurrency fuelled by a Proof of Charity mining protocol, which allows it to scale thousands of times (more of this later).
Why use Blockchain ?
Blockchain technology can perform at its best for the charity industry. Charity industry insiders have admitted that blockchain can remove mediators and heal the traditional problems of philanthropies such as the perceived lack of transparency and traceability of donations, reduce transactional costs and give a new impetus to charity development.
Why is Humancoin a unique breakthrough project and destined to succeed?
This is the first ever blockchain project that has the potential to become a global e-commerce loyalty program aggregator. Humancoin unites philanthropists and recipients of funds on a single P2P platform in the most convenient and transparent way possible. Association with philanthropy gives its tokens a unique advantage in developing loyalty programs with partners, creating a strong emotional resonance. Instead of competition, the Humancoin token is effortlessly integrated into already existing systems — all it requires is setting a conversion rate.
What is Humancoin is Proof of Charity ‘mining’ concept?
Even a modest 1% of the charity industry turnover accounts for 25 times more than the number of Humancoin tokens issued at the Token Sale. Therefore, in order to provide further rewards to benefactors, the company will issue additional tokens after the Token Sale, in strict correlation to the actual amount of funds raised on the Humancoin P2P charity platform.
The smart contract will grant additional issues of tokens in limited tranches to reward benefactors in proportion to their donations. New tokens for other purposes, apart from rewarding donors, will not be issued. Benefactors will receive back 50% of the value of their donation in tokens, according to the exchange-weighted price of the token.
Benefactors will receive back 50% of the value of their donation in tokens, according to the exchange-weighted price of the token. All tokens exchanged for benefits from e-commerce partners on the platform will be taken out of circulation and burned.
This 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.
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
Huge competition in e-commerce with the most pressing challenge being to retain existing customers.
Solution: Humancoin is the currency of kindness
- 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, cryptoexchanges, international corporations, regardless of whether they operate with cryptocurrencies or not.
Humancoin combines charity with the principles of online business and Blockchain technology to help encourage a new generation of people to invest in the future world. This is probably one of the most relevant ICO startups at the moment; We can not wait to register.
For more detail about Humancoin ICO
Author: pasukanbounty ( https://bitcointalk.org/index.php?action=profile;u=1299813 )
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