HUMANCOIN: CHARITY ON BLOCKCHAIN BASED PLATFORM

adempostaci (6)in #bitcoin • 6 years ago

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OVERVIEW
Humancoin is revolutionizing the philanthropy industry by connecting the donors and charitable projects on one platform. This platform enables the donor to quickly send the donations and monitor their transaction on decentralized transparent network. The charitable projects can also get benefits by receiving funds quickly and in any convenient currency. This project is connecting the philanthropy industry with e-commerce and cryptocurrency markets to initiate the new era of charity.

WHAT IS HUMANCOIN ?
Humancoin is a unique project that combines the project of charity, e-commerce, and cryptocurrency, this decentralized platform is supported by blockchain technology that connects donors and charity projects directly to each other, providing transparency with each other. Donors (consisting of one in three of us globally) can quickly donate worldwide, monitor their spending online and also receive discounts from platform partners. Charitable projects can receive funds with minimal exploitation costs and in a short time in convenient currency.
The Humancoin Token can easily be converted into tokens, miles, bonuses, other coupons. Owner tokens will be encouraged to hold them to take advantage of attractive benefits, and this provides long-term, stable demand. As the number of partners and the scale of cooperation within the Humancoin network grows, the popularity of tokens grows.

HUMANCOIN'S UNIQUE FEATURE
This is the first in the history of a blockchain project, which can be a global aggregator of e-commerce loyalty programs. with the Association's philanthropic tokens provide a unique advantage in the development of loyalty programs with partners to create strong emotional resonance. Instead of competing with existing programs, Humancoin marks can be easily integrated into existing systems all that's required is to set the conversion rate

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PROBLEM
There is no doubt that there are major developments in the method of donation, but even with that, the charity industry has not been able to overcome its main obstacles. Donors, many of whom are private companies, have confidence issues when they donate, Also note that most money is spent on charitable foundations. Operating cost of a transaction is transaction fee.

SOLUTION
Long charity chains consisting of banks, NGOs, state agencies and law firms will be brought to the far end by a distributed ledger technology. The use of the blockchain platform will be able to provide a digital mechanism that will be used to record and view any transactions. This new technology, on a larger scale, will be able to facilitate the development of a direct financing platform. The philanthropists as well as the benefits of the sale of their funds. The growth of the charity industry must be greatly increased, owing to the great advantages offered by the blockchain technology.

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HOW IT WORKS
The platform provides an opportunity to fully track online donations, as well as vote and rank for projects and philanthropic along with other features, There is also an option to receive a receipt for each donation to be used for tax deduction purposes depending on the donor's tax jurisdiction, Future project expansions will be financed by 5% generated from funds raised for charitable projects, which are 4 times lower than the market average.
This Platform is a peer to peer platform where donors, recipients and e-commerce players will be linked to each other. The charitable projects first need to fill a standard form of this platform to get registered. The registered projects will be verified by the forensic team and after validation the projects will be displayed on the platform. After this the donors can transfer funds by selecting any project to which they wish to donate. Donors and recipients can directly communicate with each other which will help them to know the status of the charitable project.

TOKEN INFORMATION
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