HUMANCOIN


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).


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.




Whitepaper : http://docs.humancoin.net/HumanCoin_whitepaper_en.pdf
Ann Thread : https://bitcointalk.org/index.php?topic=4469466
Twitter : https://twitter.com/humancoinnet

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