Humancoin - cryptocurrency combining charity and e-commerce

in #ico6 years ago

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Good day to all friends! Since on my blog I speak only about promising projects that carry real functions, today we will discuss another promising project Humancoin. After getting acquainted with the technical information about this project, I decided that there really are quite a few interesting and unique moments in it. In the area that the team of talented developers has targeted, there really are a number of serious flaws, which require strong players who are able to change this situation with clear approaches. So, let's begin!

Humancoin is a new cryptocurrency based on e-commerce and performing a very important intermediary function between philanthropists (people involved in charity) and the needy. Philanthropy is a very large market with its own rules of the game, estimated at $ 750 billion, and Humancoin has every chance of becoming a guide to a more honest and convenient redistribution of funds.

To date, the main problem in the redistribution of funds is distrust of various funds and services to intermediaries in charity. There is no certainty that the money will reach on time and in full, also intermediaries take large interest rates to conduct transactions. With Humancoin, these problems will not be, since everything will be built on decentralization and the use of its own smart contract.

It's transparency, speed, and optimization, coupled with other bonuses will give an additional impetus to the development of this sphere and will make our world even better. There will be plenty of opportunities for philanthropists to track their donations, up to receiving checks for each amount. To be objective, I want to consider the main advantages and disadvantages of Humancoin and express my opinion on the choice of this company:
  • Firstly, the very idea and implementation of the project is very interesting - there has not yet been a similar project created by professionals, and if the team does everything planned, this will be a breakthrough.
  • The team is quite extensive and multifaceted - many advisors from various areas who can really push the project very far.
  • Many partnership agreements have already been concluded, among which are bancor and Nasdaq.
  • A soft cap has been assembled which amounts to nearly 6,000,000 dollars and this is taking into account such a market when the best ICO somehow collect minimum amounts.
  • It's stated that MVP is ready, but everything is not so simple here, because instead of a working product, we are shown only a photo without any references, which in turn suggests various thoughts about whether they will actually have time to launch the prototype without shifting the roadmap.
  • There are a lot of positive reviews about Humancoin on various rating sites, I would even say a lot. Soon the ICODROPS website, there are more than 60 reviews, which is a kind of record and at the same time an additional reason to look at this company.

Humancoin tokens

The humancoin token created on the ERC20 blockchain is called to be the blood circulating through the ecosystem of the platform. Before the sale of tokens, 3055 million coins were created at a price of $ 0.01. Sold tokens after sales will be burned, but further emission (mining) is strictly tied to the number of donations.

It's worth noting that the team has a clear development plan for the company tied to the number of tokens sold, a soft cap of $ 6 million and a hard cap of $ 26 million. At the time of this writing, the token sales index was closest to the first limit. Based on the project’s roadmap, this will allow launching an IT blockchain platform, connecting an integrated wallet with voting and currency exchange capabilities. The next step is to connect the Human Pool tool and translate the platform into several languages, then create the possibility of tax receipts and your own messenger. When the project reaches the top level of sales, developers will move to optimize the control panel, IT integration with partners in e-commerce and improve tracking and reporting.

Humancoin tokens can be easily converted into points, miles, bonuses, coupons. Holders will be asked to save coins, taking advantage of the attractive advantages that the long-term, stable demand for tokens offers.

To popularize the token, the client base will be expanded. But today there are partnerships that can be envied:

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Conclusions

I was impressed by what I read and learned about this project. Based on information from developers, the Humancoin project has serious plans for integrating its solution with existing online stores. The team will expand the number of partners and enter into new cooperation agreements. According to the project roadmap, by the end of 2018, we will be able to evaluate the first results of the work. Increasing the number of partners is a top priority at this stage of development. Therefore, as their number grows, the popularity of the platform will also increase, which will positively affect the value of HUMA tokens.

Owners of tokens will be interested in their long-term ownership because with the development of the platform all-new loyalty programs will be added. For example, it will be possible to purchase tickets with a good discount or a season pass for your favorite game. In addition, the plans also have the intention to cooperate with cryptocurrency exchanges. This will allow HUMA holders to pay trade commissions with their tokens. In general, a lot of interesting things are planned ahead. Good luck to the developers.


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