Welcome my dear subscribers. Today is the weekend, which means that I have prepared for you reviews of promising projects.The Humancoin platform is one of the few projects based on blockchain technology that combines the cryptocurrency market with charity. Platform members can transfer funds to those in need of financial assistance with the guarantee of their use for the purpose. Smart contracts allow you to organize full transparency of all financial transactions while maintaining the desired level of security. The use of this platform will allow participants to control the intended use of their own donations and access the necessary information to check applicants for financial assistance. In addition, token holders will have additional benefits. The launch of the Humancoin platform will significantly reduce the overhead costs of financial transactions and use more money for its intended purpose. And the transfer of money directly to the participants without the use of intermediaries will make it possible to quickly collect the necessary amount and eliminate fraud by third parties.
The current state of the sphere of charity leaves much to be desired. The process of collecting money for people in need is hampered by the lack of a transparent mechanism to verify their intended use. The most pressing issues are the following:
Lack of trust on the part of people who donate money. Benefactors doubt that the money they transferred will reach the addressee in full. Studies have shown that up to 90% of the funds are deposited in the hands of "charitable foundations" as payment for their services. Therefore, a new way of organizing this work, which will get rid of dishonest intermediaries, is required.
The complexity of the transfer and receipt of money. This problem is particularly relevant if the person in need of money and the benefactor are in different countries. International transfers of funds are hampered by local legislation and large commissions from Central financial institutions. The launch of the Humancoin platform will help to get rid of these shortcomings.
The difficulty of understanding the problems of people who need charitable contributions. Often, due to the inability to disseminate the necessary information, potential benefactors do not have a clear idea of who and what the money is for, as well as how they will be spent. Because of this, many people delay or refuse to make charitable payments. The Humancoin project will provide tools for the dissemination of data on those in need, which will help to quickly decide on the possibility of transferring a charitable contribution.
The Humancoin project offers a revolutionary approach to solving existing problems with the help of blockchain technology. The combination of the cryptocurrency market, financial sphere and charity will allow using crypto assets for charitable payments, which are sent directly and with a minimum Commission to the needy regardless of their location.In the future, the authors of Humancoin want to create an International charity network, whose members will be able to support the site. Users will be able to choose the project in which they want to invest.
Tokens and features of the Humancoin ICO project
To make and receive charitable payments within the framework of the platform, the HUMA token is launched into circulation. A limited number of tokens will be sold as part of the initial placement, and their further issue will also be limited. Retained in the process unit of the ICO will be destroyed. As part of the ICO, the authors plan to raise funds for the final development and commissioning of the charity platform.It is planned to issue a 6 billion token HUMA, of which are sold 3,055 billion Initial cost of the token is 1 cent per token. The minimum investment amount is equivalent to 0.1 ETH.The authors plan to achieve softcap in the amount of $ 6 million, hardcap - $ 26 million. Internal tokens of the project can be changed to other values, including points and coupons in various trade organizations, bonuses or miles in airlines and so on. All this will ensure the growth of the token rate in the international currency market and its popularity among investors.
The authors of Humancoin set a really noble goal to organize the work of a completely transparent and secure platform that will effectively collect money for people in need.