Humancoin - the currency of kindness

in #blockchain6 years ago (edited)

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Charity is what unites all people, what makes you think about others, get out of the framework of your life, see how others live, understand them and help them. This is what reminds us of what is a Man.

An amazing feature of charity is that each participant in this process gets its advantages. The needy receive the help he needs. E-commerce receives customer loyalty and increases its sales. The person who sacrifices gives far not the last and it's possible to tell not the necessary part of the means, and in exchange receives a lot of privileges and bonuses.

What is Humancoin?

The Humancoin platform is one of the few projects based on blockchain technology that unites the crypto-currency market with charity. Participants of the platform can transfer funds to those in need of financial assistance with a guarantee of their use for the intended purpose. Smart contracts allow you to organize full transparency in all financial transactions while maintaining the required level of security. The use of this platform will allow participants to monitor the targeted use of their own donations and access to the necessary information to check the applicants for financial assistance. In addition, the owners of tokens will have additional benefits. The launch of the Humancoin platform will significantly reduce the overhead of financial transactions and use more cash for its intended purpose. A transfer of money directly to participants without the use of intermediaries will provide the ability to quickly collect the necessary amount and exclude fraudulent actions by third parties.

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The problems that Humancoin solves

This project wants to change the work of charity for the better. In particular, he wants to create a connection with e-commerce and cryptography markets, the total cost of which is 3.5 trillion US dollars.
The technology used in the charitable sphere is at a rather low level. People who want to sacrifice can change their minds because of such reasons as:

Doubts
Donors fear that the funds will not reach the target in time and in full. Mainly because there is no international organization that would officially coordinate and evaluate the work of charitable organizations.

Complexity
Cross-border transfers can be quite complicated, regardless of whether you pay for goods or donate to charity. In some cases, you may find yourself on the hook of regulatory agencies for such transfers. This scares off most people.
Most people do not understand exactly how their donation will change the intended recipients. Thus, they postpone donations to charity.

Humancoin CEO interview (What is Humancoin? The main idea of the Humancoin project in 90 seconds)


Features of Humancoin

The current state of the sphere of charity leaves much to be desired. The process of collecting money for people who need them is hampered by the lack of a transparent mechanism to verify their intended use. The most pressing problems are as follows:
  • Lack of trust on the part of people who donate money. Philanthropists are in doubt that the money transferred by them in full will reach the addressee. Studies show that up to 90% of financial resources are deposited in the hands of "charitable foundations" as payment for their services. Therefore, a new way of organizing this work is required, which will allow getting rid of the middlemen who are unclean by the hand.
  • The difficulty of transferring and receiving money. This problem is especially urgent if the needy person and the benefactor are in different countries. International transfers of funds are complicated by the peculiarities of local legislation and large commissions from centralized financial institutions. The launch of the Humancoin platform will help to get rid of these shortcomings.
  • The difficulty of understanding the problems of people who need charitable contributions. Often because of the inability to disseminate the necessary information, potential benefactors do not have a clear idea of who and what they need money for, and how they will be spent. Because of this, many detain or even refuse charitable payments. The Humancoin project will provide tools for disseminating data about the needy, which will help to make a decision about the possibility of donating a charitable contribution.
The Humancoin project offers a revolutionary approach to solving existing problems with the help of block-based technology. The consolidation of the crypto-currency market, financial sphere and charity will allow using crypto assets for charitable payments that are sent directly and with a minimum commitment to the needy, regardless of their location. In the future, Humancoin's authors want to create an International Charity Network, whose members will be able to support the site. Users will be able to choose the project they want to invest in.

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Tokens and features of the ICO project Humancoin

To make and receive charitable payments within the platform, a HUMA token is launched into circulation. In the framework of the primary placement, a limited number of tokens will be sold, and their further emission will also be limited. Units allocated in the ICO process will be destroyed. Within the framework of the ICO, the authors plan to raise funds for the final development and launch of the charity platform. It is planned to issue 6 billion HUMA tokens, of which 3.055 billion are sold. The initial cost of the token is 1 cent per token. The minimum investment is equivalent to 0.1 ETH. The authors plan to achieve software upgrades of $ 6 million, hard cards - $ 26 million. Internal project tokens can be changed to other values, including points and coupons in various trade organizations, bonuses or miles in airlines and so on. All this will ensure the growth of the token exchange rate in the international currency market and its popularity among investors.

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  • Name of the token: Humancoin
  • Issue: 600 0000 000
  • Start Pre-ICO: July 1, 2018
  • End of Pre-ICO: August 15, 2018
  • Start ICO: September 15, 2018
  • End of ICO: November 1, 2018
  • Soft cap: $ 6,000,000
  • Hard cap: $ 26,000,000
  • Price CTA: 1 Humancoin = $ 0.01 USD
  • Minimum investment: 0.1 ETH

Token Sale Bonus Structure


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Roadmap


2017 — Q1 2018
→ Development of the project idea
→ establishment of the core team and the pool of early backers
→ Consultations with the charity community and experts on loyalty rewards
→ Final shaping of the team

Q2 2018
→ Start social media and PR campaign
→ Preparations for the Token Sale

Q3 2018
→ Token Sale
→ Development of the platform and expansion of the team
→ Preliminary negotiations with the program partners
→ MVP
→ Conclusion of agreements with anchor charitable foundations

Q4 2018
→ Completion of the Token Sale and listing on cryptoexchanges
→ Launch of the charity platform in beta
→ Conclusion of agreements with e-commerce partners
→ Completion of the establishment of the legal structure

Q1-Q2 2019
→ The platform enters operation
→ Collection of funds for charities and distribution of tokens to benefactors further development of the platform

Q3-Q4 2019
→ Full functionality of the platform
→ extension of the list of e-commerce partners
→ Extension of the list of charitable foundations

Conclusions

Humancoin is the impending revolution in the world of charity. Such projects have always been supported by the crypto community. The Humancoin project started its Pre-ICO just recently and has already collected a quarter of the required amount. It has high ratings on listings of ICO projects. A great project to consider it as assets.

For more information about the project and the opportunities to participate, go to the links below:

Website: https://www.humancoin.net/
WP: http://docs.humancoin.net/HumanCoin_whitepaper_en.pdf
ANN: https://bitcointalk.org/index.php?topic=4469466
Tweeter: https://twitter.com/humancoinnet
Facebook: https://www.facebook.com/Humancoinnet/
Telegram: https://t.me/HumancoinChat
Reddit: https://www.reddit.com/user/humancoinnet

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@vital-bd Thank you for such a detailed review. I am confident that they will collect the right amount for the implementation of the project.

@vital-bd A good platform, and most importantly, what is relevant and necessary. This idea should be supported and invested in the project.

@vital-bd Unusual and rather promising ICO in my opinion. TOP projects on ICObench! It's very cool!