- Dewi Sri

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
Huge competition in e-commerce with the most pressing challenge being to retain existing customers.

Solution: Humancoin is the currency of kindness

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

Roadmap

2017 — Q1 2018