HUMANCOIN — THE COIN OF REVOLUTION
ADEWUYI BLESSING ELIJAH
Humancoin is a revolutionary platform bringing about the synergy of philanthropy industry, retail e-commerce and cryptocurrency markets, breakthrough blockchain project, which unites philanthropists and recipients of funds on a single platform in the most convenient and transparent way possible. Humancoin solves the problem of blockchain integration into three thriving sectors: charity, e-commerce and cryptocurrency.
Humancoin is a point to point platform and ecosystem that brings together donors, recipients and e-commerce players. The platform’s interface lets investors and other token holder 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.
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.
HUMANCOIN TOKEN FOR THE PLATFORM’S PARTNERS
Humancoin platform partners can exchange Humancoin tokens for discounts/ points/miles. In this way, the tokens are returned for burning to the Humancoin Foundation. The rating of Humancoin partners will be based on the number of tokens transferred. The platform partner receives a certain benefactor status and a corresponding sticker/badge for posting on their website and social networks pages. In addition to the charitable nature of the Humancoin token, just as important for the partners will be its source. Online shops, airlines and a host others want to engage solvent people who are actively making transactions on the Internet in their loyalty programs. By definition, philanthropists represent the premier category of e-commerce consumers.
UNIQUE FEATURES OF HUMANCOIN
1. This is the first ever blockchain project that has the potential to become a global e-commerce loyalty program aggregator.
2. Association with philanthropy gives this tokens a unique advantage in developing loyalty programs with partners creating a strong emotional resonance.
3. Instead of competing with existing programs, the Humancoin token is effortlessly integrated into already existing systems — all it requires is setting a conversion rate.
HUMANCOIN SMART CONTRACT
The human coin 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.
The Humancoin smart contract ensures:
I. Trace-ability of transactions in real time.
II. The opportunity to verify whether the raised funds are used as intended.
III. The issuance of additional emissions and allowance of tokens by Proof of Charity principle after the end of the Token Sale.
ADVANTAGES OF THE HUMANCOIN
1. 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.
2. Humancoin is an open point to point 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.
3. The Humancoin 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.
4. 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.
5. 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.
HUMANCOIN TOKEN DISTRIBUTION
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Author: ADEWUYI BLESSING ELIJAH
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