Humancoin : A New Currency Of Kindness And Charity
HUMANCOIN is a new, decentralized platform that performs the function of cryptocurrency exchange, combining the most advanced technological developments and the popular blockchain system that has proven itself as providing complete reliability and security. Cryptocurrency has literally revolutionized the international market as soon as it entered it, immediately attracting a lot of people, most of whom wanted to experience its advantages in practice. That is why projects based on cryptocurrency are now one of the most popular and have huge development prospects, as well as investments in the digital currency.
In general, HUMANCOIN offers users convenient trading opportunities on the exchange, as well as exchanging cryptocurrency and a unique freelance platform, where employers can search for potential performers and hire them by paying for the work with such popular cryptocurrencies as Bitcoin, Ethereum, and own HUMANCOIN system tokens. Centralized networks have long been a thing of the past due to the fact that they are not very convenient to use, do not provide constant access to information from different devices, and absolutely do not guarantee the safety, the systematization of information and its security.
Decentralized HUMANCOIN system is a unique market structure consisting of networks available from a variety of different technical devices. This is very convenient for both users and investors - bypassing of the centralized location allows connecting at any time and anywhere within seconds. Thanks to the decentralized nature of the system, buyers get access to a variety of low-cost offers and the ability to instantly execute a deal with a seller without unnecessary actions, with a guarantee of safety and transparency of the process. Blockchain proved itself in many successful systems, has become the basis of the decentralized HUMANCOIN system, organizing profitable exchanges between the participants.
It is important that each individual participant of HUMANCOIN platform will have at his/her disposal a copy of his/her data, which will protect against any kind of fraud. HUMANCOIN token is easily and quickly transferred between the participants as a guarantee of payment for services. Transactions are executed at any time, and can also be exchanged from cryptocurrency into fiat money directly in a user's wallet.
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.
Issues That Humancoin Is Overcoming
Humancoin FeaturesOne of the main barriers that charities currently have to face is the reluctance of businesses and private individuals to give due to the fact that they fear that the money they are donating might not end up helping the intended individuals and instead end up in corrupt affairs. Over the years there has been a considerable drop in standing for non-profit organizations in the public eye due to the allegations of corruption and miss-management of funds, but these challenges could be easily overcome.
A further issue to the success of charities today has to do with the intense process involved with the handling of money once it attempts to move over international borders. Currently, this is a very tedious process and requires many external businesses and agencies to get involved in order to help the funds travel to the correct destination.
There is of course, the fact that since many people do not have the ability to garner more information on their specific donation, they don’t see any of the positive ramifications and therefore fail to see any real relevance for the action, which leads to them not necessarily wanting to engage in the process again in the future.
Unique features of Humancoin - 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
Humancoin makes use of Blockchain to facilitate fast, completely ethical transactions that can be viewed by any interested party worldwide. Blockchain technology is also extremely safe, protecting the funds moving through it from potential threats.
Humancoin’s platform will enable a person to donate to any charity in the world, the money can transfer through instantaneously; the charitable person can receive feedback and can be given back additional rewards from the non-profit they partnered with.
How it works
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. Charitable projects, both private initiatives, and foundations enter the details in the Humancoin platform. They complete a standard format the initial stage. In the future, Humancoin plans to conduct a forensic audit with the help of specialized financial and legal teams. Contributions can be anonymous or, conversely, if the donor so wishes, can be made public.
Humancoin HUMA Token ICO Details
Parameters Of The ICO
Token Name: Humancoin
Total Coin Emission: 6000, 000, 000 Humancoins
Tokens for Sale: 3, 055, 000, 000 Humancoins
Price of the Tokens: 1 Humancoin = $0.01 USD
Min Purchase: 0.1 ETH
Presale: July 1 – August 15
Token Sale: September 15–November 1
Soft Cap: $6,000,000 USD
Hard Cap: $26,000,000 USD
Distribution Of Funds
Partnership Development Fund – 1,000,000,000 Humancoins
Team reward – 600,000,000 Humancoins
Advisors and ambassadors – 600,000,000 Humancoins
Consultants and exchanges – 500,000,000 Humancoins
Bounty, Referral, and Airdrop – 245,000,000 Humancoins
Of the team rewards, half will be blocked by a smart contract for 6 months and the other half will be blocked by smart contract for 12months.
Detail Information :
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1673535