Humancoin

Humancoin is the platform that aims to improve philanthropic efforts through creating a beneficial platform between philanthropists and recipients and at the same time collaborative platform for the philanthropy industry, E-commerce, and the Cryptocurrency market. Benevolence is everywhere and it's getting more evident as media gets stronger and also affluential. With media, the need for the welfare of the people from different regions/continents become evident giving philanthropists ideas where they can help. As the effort to humanitarianism increases and gets intercontinental, a platform like Humancoin is very innovative.

At the moment, there are efforts done for the continual assistance to the charity industry but there are concerns that become a barrier to totally push through the donation of funds. First, donors are concerned whether the funds they donated or will donate will reach their chosen recipient or if their funds will be efficiently utilized. Second, there is off-putting transaction cost. Third, cross-border transactions and conversion of the value of the donor's fund currency is complex. Also, additional benefits, other than satisfying their social responsibility is undiscernable.

Knowing the concerns, Humancoin platform together with the E-commerce and Cryptocurrency market aims to make philanthropic effort ideal. With the intended Humancoin collaboration and its blockchain technology, donors will have the chance to review and know the extensive information about charities to assess each charities' integrity and efforts and therefore they can decide where their funds are more needed or depending on what efforts they want to concentrate on. At the same time, donor's doubt about the usage of their funds will be removed or diminished as donors will be allowed to monitor the movements of their funds creating transparency and a better understanding of how their funds are helping their recipients. Cross-border complexities will be simplified through Humancoin and even the transaction costs, because of the effort to remove any complexities and long transaction time can be considerably reduced.

How does E-commerce and Cryptocurrency work as part of the Humancoin platform? The E-commerce market is growing, competition is fierce, and different strategies are being formed. One strategy formed by a lot of companies are the loyalty programs where one can benefit by getting discounts, bonuses, or rewards but this strategy is almost present to every segment in E-commerce so what is now the main key thing that customers look for? A lot of people have this sense of wanting to give to people in need but their own need is a barrier so what if buying a need for yourself can actually benefit other people? With the use of Humancoin tokens in E-commerce, this possibility creates an emotional attachment that could actually triumph over to what others can offer and at the same time, this opportunity reflects the companies own effort for its corporate social responsibility.

With the Cryptocurrency market, it's growing a lot and is the center of a lot of innovation. Investors and individuals are getting more invested in what cryptocurrency can offer, not only that it is believed that with the cryptocurrency transactions gets less costly, seamless, transparent, and fast, cryptocurrencies are deemed to be an efficient currency for cross-border transactions and one can say universally acceptable. The advantages of the use of cryptocurrency can be the advantage of the charity industry and the growing number of opportunities in E-commerce can be the opportunities for the promotion of human welfare.

The Humancoin platform has significant transactions between the donors, partners, and E-commerce to the Humancoin. It is a given since Humancoin is a P2P platform, an ecosystem for the key players that keep the philanthropic efforts going. From the diagram below, you can see the token holders both through the token sale and through charity can both utilize their Humancoin tokens through transactions with the E-commerce industry or Humancoin partners. More importantly, the recipients of the charity are part of a one-way transaction with the platform in which the Humancoin platform will send them the funds for their benefits without them giving back Humancoin tokens or any kind of equitable exchange.

To know more about the technical details and aspects of the project plus their latest updates, visit their official social media pages and website:

1. Website ★ https://www.humancoin.net/
2. Whitepaper ★ http://docs.humancoin.net/HumanCoin_whitepaper_en.pdf
3. ANN ★ https://bitcointalk.org/index.php?topic=4469466
4. Twitter ★ https://twitter.com/humancoinnet
5. Facebook ★ https://www.facebook.com/Human-Coin-1049107488575656
6. Telegram ★ https://t.me/HumancoinChat
7. Reddit ★ https://www.reddit.com/user/humancoinnet

Author : malokro92

My bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1150409

eth address: 0xccB92B73a847ED0a2e7Ee11b9144b57Dc9a8FC51