Humancoin is a platform that aims to revolutionise the philanthropy industry. The platform wants to unite philanthropists and the ones receiving the funds on a single Peer-to-peer (P2P) platform in a way that is both transparent and convenient for both parties. This platform is fueled by mining Humancoin tokens which will revolutionise the charity industry, everything while becoming the first global loyalty program for a continuously growing number of partners in e-commerce.
Why is Humancoin needed?
Users often have their doubts when it comes to charities. They fear if the contribution will reach the recipient in full or if it will reach on time. Others don’t trust charities in general. Then there is the issue of the high costs of the transactions, and sometimes things can get even more complicated if the payments are cross-border. Plus, users can’t always discern if there are any additional benefits when they make a donation.
By using blockchain technology Humancoin provides transparency, security and traceability, and so, solving the trust issue. Location is no longer an issue as it’s previously been. Donors can now make donations worldwide fast and safe. They can monitor and keep track of their expenditure online and receive benefits from the platform’s partners. This number of donors will keep on growing due to the symbiosis of e-commerce and cryptocurrencies.
The platform’s partners will consist of large online stores, entertainment and gaming industries, airlines, national and international corporations regardless if they operate with cryptocurrencies or they don’t.
The platform will offer the opportunity always to keep track of the donations online. If you have a favourite project or a philanthropist you admire, then you will be able to vote and rank them with the unique ranking feature Humancoin has to offer. There is also the option to get a receipt for every donation. These receipts can be used for the tax deduction, depending on the donor’s tax jurisdiction. The 5% fee collected from charity projects will be used to expand and develop the platform. This fee is four times lower than the average market fee.
Token sale
At the moment there are over three million ERC20 Humancoins available, and the price of one token is only $0.01. There are also many token sales at specific key dates that can be found on the platform’s website. All the funds raised during this period will be used to develop the project in 2019. Users can also obtain additional tokens through mining.
All tokens available for sale that will not be sold will be burned. Tokens are allocated to a user’s account and every user that got a token during the Token Sale period will receive them after the sale is over.
Humancoin is a platform that is going to revolutionise the philanthropy industry by implementing the “Mining for Charity” concept. To keep an eye on the platform’s evolution or if you want to contribute to it, buy tokens and be part of the token sales, you can visit https://www.humancoin.net/ and find out all the information you need and feel free to check the ANN and Bounty Thread.
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