HUMANCOIN - the Currency of Kindness

criptobitco (39)in #bitcoin • 6 years ago

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Virtually everyone recognizes the need to make the philanthropic industry transparent and completely manageable with the help of blockchain technology. However, there are relatively few blockchain projects in the charity sphere. But these are niche or local start-ups that do not operate beyond the philanthropic industry. There are about the same number of blockchain projects developing loyalty programs, but all of them face the problems of a making a cold start and beginning with an insufficient user base in order to quickly and productively build meaningful cooperation with major global e-commerce players.

In contrast, the Humancoin Foundation integrates the charity industry, cryptocurrency market and e-commerce in a single project. An ecosystem of this kind provides a new incentive for donors, offering them the chance to take advantage of numerous loyalty programs around the world. While e-commerce players often accept cryptocurrency, it is not necessary in order to develop the Humancoin model.

Why own Humancoins?

The Humancoin tokens are easily convertible into any points, miles, bonuses, coupons. Token owners are 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.

Loyalty rewards token

Humancoin tokens are ERC20 tokens, which are also loyalty rewards tokens, and part of international loyalty programs.

Humancoin token for token holders Humancoin tokens purchased during the Token Sale have the value of a loyalty reward token; that is, they can be used to receive discounts from Humancoin partners or sold on cryptoexchanges.

Once the Token Sale ends, Humancoin tokens can be purchased on exchanges or received (mined) in proportion to any donation at twice the average-weighted exchange rate.

The platform's technological features allow it to be integrated with popular management systems for online stores, such as Shopify, Magento, WordPress, Ecwid etc.

Humancoin is not in direct competition with existing loyalty programs, but instead is intended for developing partnerships with them and acting as an aggregator across a collection of loyalty programs. The Humancoin token converts into points, miles, bonuses, coupons and tokens and is easily integrated into existing systems, without forcing businesses to reconfigure them — the only requirement is to set the conversion rate. As the number of partners and the scope of cooperation within the Humancoin Network grows, so does the popularity of the token.

The 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.

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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 it works

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

Smart contract

A smart contract is an algorithm that regulates various aspects of the platform's activities. The ethereum blockchain enables the transparent and secure execution of smart contracts.

Humancoin smart contracts ensure:

traceability of transactions in real time;
token emission on pre-sale and sale stages;
the issuance of additional emissions and allowance of tokens by Proof of Charity principle after the end of the Token Sale;
the opportunity to verify whether the raised funds are used as intended.
As the platform develops, an individual smart contract will be provided for each project. These smart contracts will be based on the specifics of each project.

Registration of benefactors

To get involved with charity projects on the Humancoin platform, a user must register and complete verification. After that, he will be able to make donations anonymously or with different levels of personal information disclosure.

The platform dashboard will allow each participant to manage donations, adjust information flow and receive reports on projects of interest, interact with other donors and/or recipients via the Humancoin messenger.Platform users can download receipts via the interface to get valid documents confirming the transfer of funds to charity in order to file tax deductions, depen- ding on the tax jurisdiction of the donor.

Recepient registration

A foundation, organization, project or individual fills out a form on the Humancoin Foundation website and encloses a set of documents. Projects that pass verification are then hosted on the platform, receiving the opportunity to obtain donations from benefactors. Depending on the required amount, project verification will be carried out by employees of Humancoin and special forensic units of audit companies. The forensics team will carry out legal and economic validation of the projects.

As it develops, voting and ranking of charitable projects and donors will become available on the platform.

Humanpool

In addition to independently selecting charity projects, platform users will be able to send donations to the Humanpool. The system will then distribute the funds automatically (according to the donor's preferences) to the projects with the highest rating from the platform’s community.

This solution is useful for corporations that, in spite of making large contributions, find it inconvenient to direct funds to individual projects due to internal rules. This tool will also be convenient for donors who do not have enough time to independently decide which projects to send money to.

TOKEN SALE

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Buy token: https://sale.humancoin.net/

Token Sale Bonus Structure

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All tokens available for sale at the Token Sale that go unsold will be burned.

Tokens are allocated to the user's personal account, and will be distributed after the Token Sale has concluded and then listed on popular cryptoexchanges.