Review on HUMANCOIN and the Brains behind the project
Bitcoin accepted by many has gained legitimacy among millions together with Ethereum, It is centralized and seems to offer a one dimension approach to cryptocurrency market but not providing a comprehensive solution to the prevailing problems that blockchains and cryptocurrencies face (especially relating to Charity Industry) .
Together, Bitcoin and Ethereum have proven that blockchain technology, decentralized systems, and global collaborative communities can work. But, at the same time, vast improvements and innovations are needed to meet the true promise of blockchain technology in the Charity Industry.
is the new e-commerce cryptocurrency fuelled by the Proof of Charity mining protocol
Humancoin is a revolutionary platform bringing about the synergy of philanthropy industry, retail e-commerce and cryptocurrency markets, which together have a combined value of $3.5 trillion.
Humancoin is a leap forward blockchain venture, which joins donors and beneficiaries of assets on a solitary stage in the most advantageous and straightforward way. Benefactors (made of one of three of us internationally) can rapidly make gifts the world over, screen their buys on the web and furthermore get rebates from stage accomplices.
Philanthropy undertakings can get stores with at least overheads and in a brief timeframe in an agreeable cash. Blockchains can decrease the requirement for outsiders (long-chain banks, NGOs, government offices, law offices et cetera). Blockchain can disentangle the stage on a significantly bigger scale.
The major prblem we are here to solve is
Doubts over whether the contribution will reach the recipient in full and on time, and a lack of trust in charities.
High operational costs of the transactions, the complexity of cross-border payments, as well as dealing with regulatory agencies. Inability to discern any additional benefits for making a donation
Huge competition in e-commerce with the most pressing challenge being to retain existing customers.
Blockchain solves the trust issue by providing transparency, traceability and security
Donors can quickly make donations worldwide, monitor their expenditure online, receive benefits from the platform's partners
The symbiosis of e-commerce and cryptocurrencies will facilitate an increase in the number of donors
Among the project's partners will be large online stores, service businesses, gaming and entertainment industries, airlines, cryptoexchanges, international corporations, regardless of whether they operate with cryptocurrencies or not.
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.
I am going to get straight to the point of who they are since this is such an important factor, as I like to put it, “The Brains behind HUMANCOIN ”. If the team behind the product or service in question haven't the resources or knowledge, then we know the product or service delivered will possibly not have the quality it should have. We need to know two very important things when we look at a new starting up company:
Who are the people/team behind this?
What experience and knowledge do they possess?
Okay, so, because I've already done all the research needed beforehand and thoroughly HUMANCOIN I can very happily confirm that this company has a fabulous team onboard. Here they are:
As Albert Schweitzer once rightly said, “Example is not the main thing in influencing others; it is the only thing.” We couldn’t agree more! Meet a person who is at the heart of Humancoin — our CEO, Giles Gailer!
With an extensive background in international strategic business development and leading management teams, Giles is a very imaginative leader who is always full of innovative ideas. During over 15 years that he has worked with IT businesses, he launched multiple successful businesses and projects. He is also a motivational and captivating speaker who spoke at a number of events and won awards for his innovative approach to business. It is this unique blend of Giles’ personal traits, wide experience in many areas, a developed network of international contacts coupled with genuine interest in e-commerce and cryptocurrency that gave rise to Humancoin — a unique platform uniting the philanthropy industry, retail e-commerce, and cryptocurrency markets. Giles has a wonderful ability to create shared visions and goals and then inspire others to achieve them.
And these are not all his merits! Being fully devoted to the philanthropy industry, in his spare time Giles also runs marathons for charity! A great example to follow, isn’t it?
This sort of quality is inspiring. They have made sure to supply us with all the information we could possibly need, on them personally as a team, as well as them as a company. They are acting transparently and therefore receiving the trust they deserve from investors and potential users, like you and I.
On their website, https://www.humancoin.net/ you can visit the “Team” section and simply by clicking on each team member's image or name you will be redirected to their professional linkedin profiles. Here you may consult and analyse each individual's expertise as much as you like. It's all been put there for us to see that they have what it takes to achieve their goals with ease and ultimately inspiring more confidence in all of us.
Token Name: HUMA
Quantity: 3,055,000,000 HUMA
Price: 1 HUMA = 0.01
Payment: ETH, BTC, LTC
Soft cap: 6,000,000 USD
Hard cap: 26,000,000 USD
When Humancoin token will be listed and where
Just after the Token Sale in November 2018 the tokens will be released and distributed. We believe that within a short time they will be traded on decentralized exchanges (like IDEX etc.). The team will endeavour to get listed on Tier 1 exchanges. The significant amount of tokens is reserved for this from the beginning. Being properly listed and tradable is an important part of our business model and strategy.
Even a modest 1% of the charity industry turnover accounts for 25 times more than the number of Humancoin tokens issued at the Token Sale. Therefore, in order to provide further rewards to benefactors, the company will issue additional tokens after the Token Sale, in strict correlation to the actual amount of funds raised on the Humancoin P2P charity platform.
The smart contract will grant additional issues of tokens in limited tranches to reward benefactors in proportion to their donations. New tokens for other purposes, apart from rewarding donors, will not be issued. Benefactors will receive back 50% of the value of their donation in tokens, according to the exchange-weighted price of the token.
Benefactors will receive back 50% of the value of their donation in tokens, according to the exchange-weighted price of the token. All tokens exchanged for benefits from e-commerce partners on the platform will be taken out of circulation and burned.
This Proof of Charity concept allows the project to scale hundreds and thousands of times and, therefore, places no restrictions on the number of participants that can get involved: new projects, donors and e-commerce market players will be able to become part of the Humancoin community in the future.
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Humancoin is one of the most rated projects at icobench (the most popular ico rating platform globally). 60+ experts have rated!
Humancoin’s network of partners is growing
Good news! Our network of partners is growing.
Today Sharpay is joining our network of partners. Sharpay is a unique technological and very simple share button. Sites put the button under any content instead of other old sharing buttons and users get rewards for sharing. The system has fraud protection, bot defense with audience targeting possibility based on CPV (cost per visit) payments. We are sure that Sharpay’s button will help us to largely promote our project.
We are happy to welcome Sharpay to our family and wish the project a great luck!
This is the first ever blockchain project that has the potential to become a global e-commerce loyalty program aggregator. Humancoin unites philanthropists and recipients of funds on a single P2P platform in the most convenient and transparent way possible. Association with philanthropy gives its tokens a unique advantage in developing loyalty programs with partners, creating a strong emotional resonance. Instead of competition, the Humancoin token is effortlessly integrated into already existing systems — all it requires is setting a conversion rate.
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