Humancoin - charity on blockchain-based platform
According to statistics, every third inhabitant of the planet and 75% of commercial organizations annually participate in charity. These indicators could be more, but the development of fraud and lack of trust to charities significantly hamper fundraising. People are not sure that their donations will reach those who are in need. Also it is important to highlight the fact that during a transaction with a sender a commission is charged - charitable funds do not cover these costs on their own, since they are not commercial organizations. The decentralized Humancoin platform proposes to transfer charity to a new level using blockchain-based technology, which makes payments transparent and convenient.
Key features of Humancoin
Humancoin platform is an ecosystem that unites charitable foundations with people and organizations wishing to make donations through P2P payments. Now when making a payment, you can easily track the actual receipt of money by an addressee. Humancoin project allows developing charity through the use of new technologies.
Advantages of Humancoin
An important advantage of the project is the possibility of mining the project's cryptocurrency. Moreover, Humancoin tokens can be easily converted into bonuses from platform partners. Such an approach to charity will ensure a constant demand for internal cryptocurrency, where, with the participation in a charitable action, you can get a reward.
Humancoin project is the first project that works on blockchain technology and allows participating in various loyalty programs, while doing a good deal. The partners of the project are various shops, airlines, cryptocurrency exchanges and other international corporations. At the same time, they accept payments not only in cryptocurrency, but also in fiat, placing their shares on the platform and encouraging users to conduct charitable transactions. Humancoin does not try to eliminate its competitors, but actively cooperates with them to maintain a high level of integration. To do this, it is sufficient to establish an exchange cross-rate.
With the introduction of blockchain technology into charity, Humancoin allows making payments safely without reflecting bank card details. With the help of the project, users can make donations regardless of the geographic location of a recipient.
You need to register to start working on the platform. All charitable organizations, as well as individuals who need help, are subject to thorough scrutiny. When facing suspicious actions, which are automatically determined by artificial intelligence, such actors are blocked by the system without the possibility of restoration. Each user can vote for any charitable project posted on the project, thereby increasing his rating on the network.
An important advantage for legal entities is the opportunity to obtain primary documents confirming the implementation of charitable contributions to the network, for subsequent presentation to charities.
The commission for conducting each transaction on the project is 5% fixed from the payment amount, which is significantly lower than the standard fee in the charitable market. All transactions on the project are carried out using smart contracts, allowing users to not pay a commission to intermediaries.
Humancoin cryptocurrency
The project uses the internal cryptocurrency with the same name to perform internal settlements, implemented according to the ERC-20 standard on the basis of Ethereum. A total of 6 million tokens were issued, of which 55% were directed for sale. There is no additional cryptocurrency emission. The fixed price for one token is $0.01. The minimum purchase amount is 0,1 ETH. Preliminary sales have already been successfully completed, and now the project is at the stage of the main crowdsale until November 1, where you can get up to 35% bonuse. The project’s softcap is $6 million, hardcap - $26 million.
Summary
Thus, Humancoin project is a new blockchain platform for working with charity. The incentive for users is a greater number of partner companies that invest their shares and bonuses as well as bonuses for active participants. Otherwise, the project’s users receive a double bonus - participation in a charitable project and receiving bonuses in various spheres.
The project was launched in early 2017, and is currently about to launch the beta version of the project, listing the platform on the cryptocurrency exchanges. The project will be issued in early 2019 with the gradual introduction of all the planned tools until the end of 2019.
Links:
Website: https://www.humancoin.net
WhitePaper: https://bit.ly/2Pxj7j1
Telegram: https://t.me/HumancoinChannel
Facebook: https://bit.ly/2PxatRQ
Twitter: https://twitter.com/humancoinnet
Medium: https://medium.com/@humancoinnet
ANN: https://bitcointalk.org/index.php?topic=4469466
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.
Good to see charities getting involved in the blockchain space. Thanks for introducing the project.
You are most welcome. Hopefully it will go well.
Charity will be begins from home and you guys there is also good because you started it from Steemit.. even you will do it anyway it's always good for our souls.. it is very nice concept and it will guarantee that it will successfully delivered to every steemitian and this information will help every steemitian as they need...
That's a good sentiment. Let's hope that this and similar projects will get more attention thanks to Steemit and our channel.