HUMANCOIN
Website : https://www.humancoin.net/
What
is Humancoin?
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.
Why
is Humancoin a breakthrough blockchain project?
Humancoin unites philanthropists
and recipients of funds on a single P2P platform in the most convenient and
transparent way possible.
The blockchain platform fuelled by the “mined” Humancoin token will breathe new
life into the charity industry, proving an engine of growth.
While at the same time becoming a premier global loyalty program for an
increasing number of partners in e-commerce.
Why
own Humancoins?
·
The Humancoin tokens are easily
convertible into any points, miles, bonuses, coupons. Token owners are
incentivized to hold them to take advantage of attractive benefits. And this
provides a long-term, stable demand for tokens.
·
As the number of partners and the scope of
cooperation within the Humancoin Network grows, so does the popularity of the
token.
·
The Proof of Charity “mining” concept
allows the project to scale hundreds and thousands of times.
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.
For the first time ever, a blockchain project with the
potential to develop into a global aggregator of a multitude of loyalty
programs has emerged in the e-commerce field due to support from the charity
industry. This (as well as the simplicity of implementation) is the key
disruptive benefit of Humancoin.
Other
advantages of Humancoin include:
·
Humancoin is an open P2P platform that
allows benefactors to make direct pinpoint donations. By design, the project is
not tied to any specific charitable organization or local community. The
charity world is international, multifaceted and relies on billions of people
from all countries and of all nationalities.
·
Humancoin does not force the artificial
use of its token on charitable transactions. Obviously, projects need to
receive funds in their native currency that they are comfortable spending the
money in. A project based on the platform specifies which fiat or
cryptocurrency it wants to receive donations in. The donor may transfer the
money in the desired currency to the recipient using the built-in currency
conversion instrument on the Humancoin platform.
·
The Humancoin platform can manage the
majority of popular crypto and fiat currencies. Humancoin places no limitations
upon the projects and users in terms of currencies. The benefactor makes all
the decisions independently.
·
Humancoin is not planning to spend the
funds on creating adaptations of existing technology solutions. The priority
remains integration and compatibility with already popular and established
market solutions. For instance, instead of creating our own crypto wallet with
cryptoexchange functionalities from scratch, we will incorporate an existing
solution into the platform — such as Jaxx with ShapeShift. There will also be
an option to use multisignature wallets.
·
Humancoin’s fee for raising funds for
charity will be limited to 5% (which will be used for the future support and
development of the platform), whereas the commission taken by existing
charitable foundations can be up to 20-30%.
·
The platform will feature the industry’s
most functional and user-friendly interface, featuring a listing of all the
projects broken down by category, a ranking system, voting tools and host of
other integrated services.
·
If desired, the donor can leave funds in
the Humanpool, and the system will allocate the money automatically to projects
with the highest rating from the platform’s community. This might apply to
corporations, where company rules often prevent the support of specific
projects and it is more convenient to donate money indirectly to pools or
foundations.
·
Humancoin will be the first platform to
employ professional (financial and legal) expertise from independent audit
companies (forensic audit), especially for the purpose of evaluating large
projects.
·
There will be a set of additional options
available on the platform, which the users can also pay for with Humancoin
tokens (receiving extra benefits in that case).
Website : https://www.humancoin.net/
Summary:
a possible synergy of markets
The global estimate of three fastgrowing markets —
charity, e-commerce and cryptocurrencies — exceeds $3.5 trillion. By ensuring
the necessary trust bet-ween donors and the aid recipients, blockchain
technology can propel this industry to incredible new heights.
The rise of a charitable blockchain platform
integrated into online commerce loyalty programs and cryptocurrencies will
change the philanthropy industry forever. The symbiosis of e-commerce and
cryptocurrencies will facilitate an increase in the number of donors. For those
involved in online commerce, offering a bonus affiliated with charity is an
effective way to position their brand on an emotional level with their clients,
as well as being an important element in any PR-campaign. And, finally, the
whole process is just very convenient for everyone involved.
The advantage of the blockchain solution is that the
benefits of working with the platform are evident. All the data generated from
the receipt and movement of the donations will be available to anyone who
wishes, for example, to donate money towards the development of a new cancer
drug, and to an airline that encourages such actions by awarding such a donor
with promotional miles.
Competitive
analysis
Virtually everyone recognizes the need to make the
philanthropic industry transparent and completely manageable with the help of
blockchain technology. However, there are relatively few blockchain projects in
the charity sphere: cherr.io, aidcoin, clearaid, bcharity among them. But these
are niche or local start-ups that do not operate beyond the philanthropic
industry. There are about the same number of blockchain projects developing
loyalty programs, but all of them face the problems of a making a cold start
and beginning with an insufficient user base in order to quickly and
productively build meaningful cooperation with major global e-commerce players.
In contrast, the Humancoin Foundation integrates the
charity industry, cryptocurrency market and e-commerce in a single project. An
ecosystem of this kind provides a new incentive for donors, offering them the
chance to take advantage of numerous loyalty programs around the world. While
e-commerce players often accept cryptocurrency, it is not necessary in order to
develop the Humancoin model.
Website : https://www.humancoin.net/
Ann Thread : https://bitcointalk.org/index.php?topic=4469466
Twitter : https://twitter.com/humancoinnet
Telegram : https://t.me/HumancoinChat
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