Cryptoworld: Humancoin - new e-commerce cryptocurrency fuelled by the Proof of Charity mining protocol

What is Humancoin ???

Humancoin is a revolutionary platform bringing about the synergy of philanthropy industry, retail e-commerce and cryptocurrency markets, which together have a combined value of $3.5 trillion.

How it works

The platform provides the opportunity to fully track donations online, as well as voting and ranking for projects and philanthropists along with other features.

There is also the option to receive a receipt for each donation to use for tax deduction purposes depending on the donor's tax jurisdiction.

The future expansion of the project will be financed by the 5%-fee raised from the funds collected for charity projects, which is 4 times lower than the market average,visit https://www.humancoin.net/ more information.

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.

Why own Humancoin?

The Humancoin tokens can be easily convertible into any points, miles, bonuses, coupons. Token owners will be 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.

Problem: lack of trust

Other advantages of Humancoin include:

♥ Humancoin is an open P2P platform that allows benefactors to make direct pinpoint donations. By design, the project is not tied to any specific charitable organization or local community. The charity world is international, multifaceted and relies on billions of people from all countries and of all nationalities.

♥ Humancoin does not force the artificial use of its token on charitable transactions. Obviously, projects need to receive funds in their native currency that they are comfortable spending the money in. A project based on the platform specifies which fiat or cryptocurrency it wants to receive donations in. The donor may transfer the money in the desired currency to the recipient using the built-in currency conversion instrument on the Humancoin platform.

♥ The Humancoin platform can manage the majority of popular crypto and fiat currencies. Humancoin places no limitations upon the projects and users in terms of currencies. The benefactor makes all the decisions independently.

♥ Humancoin is not planning to spend the funds on creating adaptations of existing technology solutions. The priority remains integration and compatibility with already popular and established market solutions. For instance, instead of creating our own crypto wallet with cryptoexchange
functionalities from scratch, we will incorporate an existing solution into the platform — such as Jaxx with ShapeShift. There will also be an option to use multisignature wallets.

♥ Humancoin’s fee for raising funds for charity will be limited to 5% (which will be used for the future support and development of the platform),whereas the commission taken by existing charitable foundations can be up to 20-30%.

♥ The platform will feature the industry’s most functional and user-friendly interface,featuring a listing of all the projects broken down by category,a ranking system, voting tools and host of other integrated services.

♥ If desired, the donor can leave funds in the Humanpool, and the system will allocate the money automatically to projects with the highest rating from the platform’s community. This might apply to corporations, where company rules often prevent the support of specific projects and it is more convenient to donate money indirectly to pools or foundations.

♥ Humancoin will be the first platform to employ professional (financial and legal) expertise from independent audit companies (forensic audit),especially for the purpose of evaluating large projects.

♥ There will be a set of additional options available on the platform, which the users can also pay for with Humancoin tokens (receiving extra benefits in that case),
visit http://docs.humancoin.net/HumanCoin_whitepaper_en.pdf

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.

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