Humancoin: combining retail e-commerce, philanthropy industry, and cryptocurrency

Do you know that annual donations are estimated to be more than $750 billion USD (globally)? Seriously!!! That was my reaction when I came across this fact. It means people donate more than the entire wealth of the top 10 richest people in the world!! If you are not surprised by that them let me present you few more mind-blowing fact. The e-commerce sector estimates about more than $2 trillion USD (globally). Well, those are some serious numbers!!

I am pretty sure that you must have donated some amount (amount does not matter) on more than one occasion. It may be in some hospital (at least mine was) or some organizations for young children or old age people or any other organization. The fact cannot be ignored that we try to donate as much as we can. But why? If you ask me, I would say that donations bring satisfaction and happiness to me. What about you?? Nevertheless, one interesting fact which I have been observing for many years is that no one really focuses on the charity industry or try to improve the entire working process. There are still various loopholes like doubt whether money will reach that particular organization or not, complex nature of cross-border payments. These issues often prevent us from donating money to a various organization (despite how much we want to).

But, what if I can say that all these issues can be resolved now, thanks to Humancoin. Humancoin is working on a platform to combine e-commerce and charity industry using blockchain technology. The company wants to bring enhanced security and transparency in the overall process. This is why I decided to find out more about the company and various services offered by them.

Humancoin platform

Humancoin is a platform which will allow donors to make donations globally, manage their expenditure and avail various discount from partners. The platform will also allow charitable projects to generate funds in a short span of time. We all know that no one really focuses on the charity sector (as it does not generate that much revenue). But, this is where Humancoin can be different than the others.

Humancoin will integrate three sectors namely e-commerce, crypto industry, and charity industry. The platform will also allow various charitable organization show demonstrate honesty and a secure payment functionality.

Humancoin can become a global aggregator of various loyalty programs which will emerge in the e-commerce sector which will be supported by charitable industries.

ICO and Team

Humancoin uses ERC20 token which is created on Ethereum blockchain. The company has released 3 billion HUMA tokens for sale. Humancoin will organize a pre-ICO sale from 1st July 2018- 15th August 2018 and main sale from 15th September 2018- 1st November 2018. The tokens will be sold at a rate of 1 HUMA= 0.01USD. Humancoin will only accept Ether as the mode of payment for the purchase of HUMA token.

Conclusion

Humancoin will kick start with its development process in Q3 this year and finalize the agreements with charitable foundations by the end of Q3. They plan to launch the beta version of the platform in Q4 this year. The full-fledged platform will be launched by the end of Q2 next year. Humancoin will also join hand with several e-commerce platforms and charitable foundations.

But, the big question comes is whether they provide a perfect opportunity for investment or not. Well, I was very much impressed by the company's idea but we all know that it's the execution which matters the most. But, Humancoin has the potential to change the loyalty industry by joining hands with current e-commerce companies. One of the unique thing which Humancoin possess is its strong connection to the various charitable organization. The platform can provide new lease of life to various charities. Humancoin has also promised that they will try to join hands with a large number of exchange platform which will allow the users to avail discount on the exchange fees. Also, Humancoin has a strong presence on various social media which might work in their favor. So, if you are looking for some good opportunity and are ready to take a few risks then Humancoin could provide you with a perfect opportunity for growth.

You can remain updated to all the latest news related to Humancoin via-

Website - https://www.humancoin.net/

Whitepaper - http://docs.humancoin.net/HumanCoin_whitepaper_en.pdf

ANN - https://bitcointalk.org/index.php?topic=4469466

Telegram - https://t.me/HumancoinChannel

Published by- Etheran

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