HumanCoin The Currency Of Kindness
There is a saying that Money can't buy happiness and is absolutely true. That's why many people wants to help poor children's and people's by donating money which brings happiness in their life. In order to help many people the best way is to donate the amount to charities. Charities help poor children's and people's on behalf of donors. That's why many rich people donate large amount of money to charities.
According to a market insights report the charity market worths $747 billion in 2017. The process of donation is same from the ancient times. The biggest problem for donors is the credibility of intermediaries in the distribution of donated funds. Often times there is no transparency in the distribution of funds.
HumanCoin project is here to provide an unique solutions to these problems.
Problems
No doubt the intentions of philanthropists is to help people, that's why they donate large amount of funds to charities. But today's charity organizations are not that transparent that you can blindly trust on them. There is no automated technology exists in there fund utilization process; most of the times human intervention spoils the good intentions of philanthropists. There is no way for donors to track whether the donated fund utilized correctly or not. About 20% of the donated funds every year are kept by charities in the name of organization expenses.
Trust, credibility are the factors which are most needed in the society, so that donors happily donate funds with mind free. Earlier monasteries perform the trust role and now by charities & NGO's. We need to bring Trust, which solves the every problem charitable activities.
Solution
HumanCoin is a blockchain powered ecosystem which unites philanthropists and receipts together on a single platform. Blockchain technology is immutible, incorruptible and unhackable. So that if donating transactions done through blockchain then it will provide transparency and trust. Philanthropists can donate funds worldwide, they can monitor the expenditure online. The process of donation transfer can be made automated so that no middlemen can interfere.
On the HumanCoin platform donors can also receive receipt of every donation, that can be used for tax deduction purposes. Donors can choose the charitable project listed on the HumanCoin platform to make donations. Donors will also receive 50% of the donation amount back in the form of tokens as a discount. This Proof Of Charity concept helps to scale HumanCoin platform by thousand times.
On the HumanCoin ecosystem, the charity blockchain integration with e-commerce and cryptocurrency market will revolutionize the philanthropy industry. This integration will increase the number of donors for the charity projects. Donors will receive loyalty coupons and discounts for making charity donations.
HumanCoin platform charges 5% commission fee, which is 4 times less than the present charity market average; will be used in the developement of HumanCoin ecosystem. HumanCoin wants to become global loyalty program aggregator; to achieve this HumanCoin makes strategic partnerships with present service providers. This helps to grow and increase the popularity of HumanCoin platform.
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HumanCoin's automated charity donation makes it very convenient, transparent and trusted.
Benefits of HumanCoin platform:
• Implementation of blockchain makes charity industry transparent and trusted
• Donors can make worldwide donations conveniently
• Donors can monitor transactions and expenditure of funds online
• Cryptocurrency mode of payment remove the barriers of cross border currency conversion problem
• Automation of charity process helps to reduce transaction cost
• Donors will receive incentives and discounts for their donations
• Integration of e-commerce and cryptocurrency with charity industry increases the number of donors
• HumanCoin also provides P2P platform for donors
• On the platform, different charity projects with ratings are displayed which help donors to choose the project to make donation
• Donors will receive 50% of donation amount back in the form of HumanCoin token as a discount
ICO Details
• Token name: HumanCoin
• Token issue: 600.000.000
• Softcap: $6 Million
• Hardcap: $26 Million
• Token price: 1 HumanCoin = $0.01
• ICO start date: 15th September 2018
• ICO end date: 30th November 2018
• Minimum investment: 0.1 ETH
Team
Roadmap
Conclusion
HumanCoin is really a currency of kindness. It is here to revolutionize the charity industry by the implementation of blockchain technology. It will automate the donation process, which brings transparency and trust. On the HumanCoin platform donors can monitors their donations and expenditure of funds. It is really a promising and use case project to invest.
Learn more about HumanCoin:
Website: https://www.humancoin.net
Read whitepaper: http://docs.humancoin.net/HumanCoin_whitepaper_en.pdf
ANN thread: https://bitcointalk.org/index.php?topic=4469466
Telegram: https://t.me/HumancoinChat
Facebook: https://www.facebook.com/Humancoinnet/
Twitter: https://twitter.com/humancoinnet
Reddit: https://www.reddit.com/user/humancoinnet
Medium: https://medium.com/@humancoinnet
LinkedIn: https://www.linkedin.com/company/humancoin-net/
Instagram: https://www.instagram.com/humancoinnet/
YouTube: https://www.youtube.com/channel/UCS1GlmbfnzwarRd46xi-7yQ
GitHub: https://github.com/Humancoinnet/humancoinICO
About Author:
Bitcointalk username: Abhijeetcg
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1676105;sa=summary
ETH address: 0x96e95a1F40cf5a50178053740ADE18046815362d
hi @abhijeetcg
I've never heard about this project and I think they chosed wrong name for it. "humancoin" sounds like a scam coin.
I cannot imagine that they would even reach their 2mln soft cap. any idea how much did they manage to raise already?
26mln hard cap is just insane.
obviously upvoted, yours
Piotr