The charity industry is an age-long venture and is expected to have overcome many of its hurdles overtime, but unfortunately despite the adoption of evolving donating mechanisms, the charity industry still battle its major setback which is 'lack of trust and transparency'.
Potential donors, with an inclusion of private individuals, Government, Cooperations, amongst others lack the wherewithal to effectively verify the optimum reception of donated funds by the recipients, even when that is done utilizing specialized organisations.
Again, the problems of delivery or payment of funds to charity ventures are alarming. This include technical difficulties regarding regulatory bodies and their activities that possess delays in releasing funds especially if the funds are in a large sums, as well as payment across international borders.
As a result of the above problems, potential donors are forced to spend greater part of their gracious donations on taking care of many operational cost of the transactions while about 20% of all donations have been reportedly used to run the functions of administrative purposes.
It is believed that the above problems can be solved with HUMANCOIN PROJECT, a project that is put forward by a team of dedicated and experienced professionals who have been studying the above stated problems for sometimes now.
Their solution is anchored on the revolutionary blockchain technology by means of combining three emerging industry which include charity, e-commence and cryptocurrency having a combined value of $3.5 trillion and still growing.
HUMANCOIN PROJECT by design, will utilize the full potential of blockchain technology thus, bringing the needed transparency and trust into the charity industry and as well, removing middlemen from the systems. Activities of middlemen(such as Banks, NGO's, law firms etc) have been reported to have contributed the greater part of setbacks within the said industries.
HUMANCOIN PLATFORM PROVIDES A CONVENIENT WAY TO SEND AND RECEIVE CHARITIES(DONATIONS, BONUSES, LOYALTY BENEFITS, ETC)
HUMANCOIN PROJECT is expected to grow big within a short length of time due to their business model which is partly tied to its tokens, because of:
(1) The token proof of charity mining concept,
(2) The growing number of partners and interest in the project,
(3) Tokens holders are incentivized to hold the tokens and take advantage of numerous and attractive advantages of benefits.
The competitive advantage of HUMANCOIN PROJECT is also great because while other projects attempting to solve similar problems are all leveraging on just the charity industry, HUMANCOIN PROJECT is taking advantage of three emerging markets in solving problems that is common to the three industry. This strategy will not only give HUMANCOIN the large user base required to succeed but also heralding a new era for the charity industry.
Actors behind the HUMANCOIN PROJECT is currently seeking support from investors through initial coin offering (ICO) in order to fully develop and execute all their plans. Tokensale is pegged at a hardcap of $26 mln and slated to end on November 1st, 2018. Bonuses are available depending on time and amount of token purchase.
More information about HUMANCOIN PROJECT can be accessed via the links below.
Disclaimer:
The information contained herein is the expression of my view about Humancoin project, it is intended for promotion and not financial advice. Participate at your discretion via the links below
Source/official links:
Website: https://www.humancoin.net/
Ann: https://bitcointalk.org/index.php?topic=4469466
Telegram: https://t.me/HumancoinChat
Twitter: https://twitter.com/humancoinnet
Whitepaper: https://www.humancoin.net/
Authored by Rossey1: https://bitcointalk.org/index.php?action=profile;u=2040218