HUMANCOIN PROJECT ((ICO 2018))-THE CRYPTOCURRENCY FUELLED BY THE PROOF OF CHARITY

dprince2281 (5)in #dprince2281 • 6 years ago

I welcome you all once again to this Wonderful CRYPTOCURRENCY NETWORK BLOG, as usual ! all of you know's, I always carry you along with any information about good crypto related projects through my blog.

INTRODUCTION:

The practice of charity means the voluntary giving of help to those in need, as a humanitarian act.

Charitable giving as a religious act or duty is referred to as almsgiving or alms. The name stems from the most obvious expression of the virtue of charity; giving the recipients of it the means they need to survive. The impoverished, particularly those widowed or orphaned, and the ailing or injured, are generally regarded as the proper recipients of charity. The people who cannot support themselves and lack outside means of support sometimes become "beggars", directly soliciting aid from strangers encountered in public.

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Some groups regard charity as being distributed towards other members from within their particular group. Although giving to those nearly connected to oneself is sometimes called charity—as in the saying "Charity begins at home"—normally charity denotes giving to those not related, with filial piety and like terms for supporting one's family and friends. Indeed, treating those related to the giver as if they were strangers in need of charity has led to the figure of speech "as cold as charity"—providing for one's relatives as if they were strangers, without affection.

Most forms of charity are concerned with providing basic necessities such as food, water, clothing, healthcare and shelter, but other actions may be performed as charity: visiting the imprisoned or the homebound, ransoming captives, educating orphans, even social movements. Donations to causes that benefit the unfortunate indirectly, such as donations to fund cancer research, are also charity.

With regards to religious aspects, the recipient of charity may offer to pray for the benefactor. In medieval Europe, it was customary to feast the poor at the funeral in return for their prayers for the deceased. Institutions may commemorate benefactors by displaying their names, up to naming buildings or even the institution itself after the benefactors. If the recipient makes material return of more than a token value, the transaction is normally not called charity.

In the past century, many charitable organizations have created a "charitable model" in which donators give to conglomerates give to recipients. Examples of this include the Make a Wish Foundation (John Cena holds the title for most wishes granted by a single individual, with over 450 wishes) and the World Wildlife Fund. Today some charities have modernized, and allow people to donate online, through websites such as JustGiving. Originally charity entailed the benefactor directly giving the goods to the receiver. This practice was continued by some individuals, for example, "CNN Hero" Sal Dimiceli, and service organizations, such as the Jaycees. With the rise of more social peer-to-peer processes, many charities are moving away from the charitable model and starting to adopt this more direct donator to recipient approach. Examples of this include Global Giving (direct funding of community development projects in developing countries), DonorsChoose (for US-based projects), PureCharity, Kiva (funding loans administered by microfinance organizations in developing countries) and Zidisha (funding individual microfinance borrowers directly).

Institutions evolved to carry out the labor of assisting the poor, and these institutions, called charities, provide the bulk of charitable giving today, in terms of monetary value. These include orphanages, food banks, religious institutes dedicated to care of the poor, hospitals, organizations that visit the homebound and imprisoned, and many others. Such institutions allow those whose time or inclination does not lend themselves to directly care for the poor to enable others to do so, both by providing money for the work and supporting them while they do the work. Institutions can also attempt to more effectively sort out the actually needy from those who fraudulently claim charity. Early Christians particularly recommended the care of the unfortunate to the charge of the local bishop.

There have been examinations of who gives more to charity. One study conducted in the United States found that as a percentage of income, charitable giving increased as income decreased. The poorest fifth of Americans, for example, gave away 4.3% of their income, while the wealthiest fifth gave away 2.1%. In absolute terms, this was an average of $453 on an average income of $10,531, compared to $3,326 on an income of $158,388.

In reference with the motive of this article, Today! I will be presenting you a particular undisputed project called: HUMANCOIN

WHAT IS #HUMANCOIN?

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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 5x the Token Sale price after launch.

ABOUT #Humancoin

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Humancoin is a blockchain project that unites philanthropy with the world of crypto. Donors will be able to quickly make donations globally, monitor expenditure online, and receive a discount from partners of the platform. Charitable projects will be able to receive funds with little overhead and in a short time.

This is the first ever blockchain project that has the potential to become a global e-commerce loyalty program aggregator.
Association with philanthropy gives its tokens a unique advantage in developing loyalty programs with partners creating a strong emotional resonance.
Instead of competing with existing programs, the Humancoin token is effortlessly integrated into already existing systems — all it requires is setting a conversion rate.
Why is Humancoin a breakthrough blockchain project?
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.

PROBLEMS #HUMANCOIN SEEKS TO SOLVE

This project wants to change how philanthropy works for the better. Specifically, it wants to create synergy with e-commerce and crypto markets, which have a combined worth of $3.5 trillion USD.

The technology that is used in the charity sector is quite low-level. It is common for people that are ready to donate to change their mind because of reasons such as:

Doubt Donors become wary of whether the funds will reach the intended target on time and in full. This is mainly because there is no international organization that officially coordinates and evaluates the work of charities.

Complexity:Cross-border payments can be quite complex, whether you are paying for goods or donating to charity. In some cases, you might end up being grilled by regulatory agencies for such transfers. This put most people off.

THE #HUMANCOIN SOLUTION

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The Humancoin project will resolve these issues via the blockchain integration into three sectors. These are e-commerce, charity, and the crypto industry. While annual donation volumes are estimated at $750 billion USD globally, the capitalization of the crypto sector is estimated at $300-$900 billion USD. The value of the B2C e-commerce sector is about $2.3 trillion USD.

By bringing synergy to these three markets, the project will herald a new era of charity. There will be a fixed number of Humancoin tokens for sale at the Token sale. These funds will go towards creating the Humancoin P2P platform.

There will also be an international network created, which will support this project. It will entail developing a partner network and launching a PR camping. At the end of the token sale, all tokens will be listed on crypto exchanges. After the token sale is over, the platform will start accepting applications and collecting funds for the charities. Donors will be able to pick projects, which they can fund.

EXPLANATION VIDEO

HOW #HUMANCOIN IT WORKS

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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.

#HUMANCOIN TEAM & ADVISORS BOARD

#HUMANCOIN ICO ANALYSIS

The ICO is a natural supplementary funding source to further accelerate the development and global adoption of the HUMANCOIN PLATFORM**

The Humancoin tokens can be easily convertible into any points, miles, bonuses, coupons.
Token owners will be incentivized to hold them to take advantage of attractive benefits and this provides a long-term, stable demand for tokens.
As the number of partners and the scope of cooperation within the Humancoin Network grows, so does the popularity of the token.
The Proof of Charity “mining” concept allows the project to scale hundreds and thousands of times.

Presale: July 1 – August 15

Token Sale: September 15–November 1

#HUMANCOIN TOKEN ANALYSIS

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