Humancoin ~ PLANKTON

Humancoin Is The Cryptocurrency Of Kindness

Peaceful greetings of the universe, this time I will discuss about ICO or project Humancoin, thanks for taking time to read this article. Sampean Pancen Ngeten (JOSS).

About Humancoin

Humancoin is a blockchain project, which unites philanthropists and recipients of funds on a single platform in the most convenient and transparent way possible. Donors (which comprise one in three of us globally) can quickly make donations worldwide, monitor their expenditure online and also receive discounts from the platform’s partners.

Charitable projects are able to accept funds with minimal overheads and in the shortest time in any convenient currency. Blockchain can reduce or even remove the need for third-party authorities (a long chain of banks, NGOs, government agencies, law firms and so on). Blockchain could make it easier to develop direct giving platforms at a much larger scale.

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.

Why Own Humancoin?

The Humancoin tokens can be easily convertible into any points, miles, bonuses, coupons. Token owners will be 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

Problem : Lack Of Trust

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.

Solution

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, crypto exchanges, international corporations, regardless of whether they operate with cryptocurrencies or not.

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, 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.

Registration Of Benefactors

To get involved with charity projects on the Humancoin platform, a user must register and complete verification. After that, he will be able to make donations anonymously or with different levels of personal information disclosure.

The platform dashboard will allow each participant to manage donations, adjust information flow and receive reports on projects of interest, interact with other donors and/or recipients via the Humancoin messenger. Platform users can download receipts via the interface to get valid documents confirming the transfer of funds to charity in order to file tax deductions, depending on the tax jurisdiction of the donor.

Proof Of Charity

The 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.

Basic Information