Humancoin: Herald a new era for charity

Humancoin: Herald a new era for charity


Humancoin (or Humancoin Foundation) is a block-project project that will launch a decentralized platform based on blockbuster technology, smart contracts and crypto currency (Humancoin tokens). Within the ecosystem, the creators of the platform will unite not only participants in the charitable industry, but also players in the e-commerce industry.

The Humancoin platform will eliminate the mistrust of donors to charitable organizations, funds and projects, ensure transparency of payments and use of the funds received, expand the volumes of three markets simultaneously: charity, e-commerce and crypto-currency.


Humancoin is a revolutionary platform that is changing the philanthropy industry for good, specifically created to work in synergy with the e-commerce and cryptocurrency markets, which together have a combined value of $3.5 trillion! 
The current technology employed in the charity industry is at a relatively low level. It is common for individuals and companies that are ready to donate funds to change their mind due to:

• Doubts over whether the contribution will reach the recipient in full and on time, and a lack of trust in charities, due to the absence of any official international organizations for evaluating their activities; 
• The complexity of cross-border payments for foreign projects, as well as potential issues in dealing with regulatory agencies; 
• Unable to discern any additional benefits when making a donation.

Humancoin tokens, which will be sold to obtain funds for the further implementation of the project and its promotion. Crowdsdale Humancoin, in turn, will form the base of potential donors, in the long term it will put tokens into various kinds of charitable projects and funds. 

In order to carry out the transfer of funds, the user will need to select a specific charitable project or fund, and then - to transfer the tokens to the purse of this project / fund. If the donor is already a token holder, he just needs to specify the recipient from the list of available tokens. If the donor has learned about the platform after the end of the crowdsdale, he will have to make the transfer in a convenient currency, after which the platform automatically converts it into Humancoin.


In 2017, according to Market In sights Reports, the size of the charity market was estimated at an impressive $747 billion and it is clear that an enormous volume of “peer-to-peer transactions” are not being measured: many of us spare our change to people on the streets or make impulsive donations to charity from time to time.

According to the Charity Aid Foundation, private individuals are the most active donors. Traditionally, their contributions account for up to 80% of alldonations, with crowdfunding rapidly evolving. Around 15% of all donations are through foundations, with large corporations accounting for only 5% of donations.Humancoin tokens

 Humancoin tokens
The use of crypto currency for making transfers ensures their speed and eliminates any boundaries. Users do not need to use local currencies and convert them. In fact, the donor sends tokens to the recipient, but both send and receive the Fiat conversion automatically. In addition, as is known, crypto-currency is based on block-up technology, one of the features of which is the ability to monitor the status of transactions and ensure transparency of transfers. Thanks to this, donors can view not only the state of their transaction, but also how exactly the project / fund to which they donated their funds, uses them. Economic efficiency-The low cost of transactions, funds and projects receive the maximum amount of money - the commission of the Humancoin platform is only 5%, while most charities and funds charge at least 4-5 times more, because some of these funds are needed to organize them work.

Humancoin has a built-in messenger so that all Humancoin users can communicate with each other, discuss funds and projects, make sure they are honest and reliable. Built-in purse allows you to convert local currency and tokens Humancoin in automatic mode. In addition, the creators provided tracking of all costs and online reporting for those who, due to the peculiarities of jurisdiction, it is necessary for tax purposes.

Information about assessments and user feedback on projects and funds will be safely stored in the blockroom. It is on these assessments that donors can rely, choosing the recipient of funds. In the next, final part of the review, we will talk about another, probably the main feature of Humancoin, which distinguishes the platform from all others, including decentralized ones .

Charitable projects, both private initiatives and foundations, enter the details in the Humancoin platform. One of the possibilities of the platform is the investment of funds not only in specific projects and funds, but also in the HumanPool pool, which will automatically distribute funds between projects and funds with the largest ratings from the Humancoin community. This decision, at least, concerns corporate structures that are not in a position to transfer funds to a specific project.

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