ICO Review: Humancoin Project

- September 10, 2018

OverView:

Humancoin is 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 valued $3.5 trillion. The cryptocurrency of kindness – 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. The Humancoins are easily convertible into any points, miles, bonuses, coupons. This is the first ever blockchain project that has the potential to become a global e-commerce loyalty program aggregator. Token owners are incentivized to hold them to take advantage of attractive benefits. And this provides a long-term, stable demand for tokens. The Proof of Charity “mining” concept allows the project to scale hundreds and thousands of times. Association with philanthropy gives its tokens a unique advantage.

Humancoin Platform:

Humancoin is a P2P platform and ecosystem that brings together donors, recipients and e-commerce players. The platform’s interface lets participants quickly send donations to any country in the popular currency, to monitor transactions and view reports on their charitable activities, as well as to use international customer loyalty programs.

The Humancoin platform is designed with the goal of facilitating the process of interaction between philanthropists and beneficiaries to the greatest possible extent:

breakdown of projects by category and subcategory, such as health, natural disasters, religion and environment;
various mechanisms for ranking projects and creating online polls;
data on the legal and financial verification of each project (forensic audit);
integrated wallet with currency conversion;
translations into various languages;
mobile application;
built-in messenger;
expenditure tracker and online reports;
convenient dashboard with individual settings for users.

How does the Humancoin Platform Work?

Charitable projects, both private initiatives and foundations, enter the details in the Humancoin platform. They complete a standard form at 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.

The donor will be able to select a project on the platform and transfer money in their choice of currency. For example, after seeing a news report about an earthquake, the user can promptly send money to the victims of this earthquake. To do this, he will need to adjust the filters to find a suitable project. One of the functions of the Humancoin ecosystem is to unite those who are engaged in charitable activities, hence the platform will support all the major languages. A messenger is planned to be incorporated into the platform in order to develop the Humancoin community and give the participants the opportunity to communicate with each other. This direct communication will further guarantee the transparency of the system: donors and recipients will be able to share information about the status of various charity projects.

Both the web and mobile interface of the Humancoin platform will be equipped with online status tracking of all the projects currently accepting donations, as well displaying the user’s own transactions. Data from the Humancoin platform falls into the Ethereum blockchain. The blockchain technology guarantees that any data entered into the system will be stored there without any chance for it to be modified in any way.

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.