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:
cherr.io, aidcoin, clearaid, bcharity among them. 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.
For the first time ever, a blockchain project with the potential to develop
into a global aggregator of a multitude of loyalty programs has emerged in the
e-commerce field due to support from the charity industry. This (as well as the
simplicity of implementation) is the key disruptive benefit of Humancoin.
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).
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 averageweighted
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.
Among the project's partners will be large online stores, service
businesses, representatives of the gaming and entertainment industries, airlines,
cryptoexchanges, international corporations, regardless of whether they operate
with cryptocurrencies. For instance:
❥ Online stores, representatives of the tertiary sector and the
entertainment industry will provide discounts in exchange for tokens or
authorize part payment of a purchase with Humancoin tokens;
❥ International airline alliances such as Skyteam, Star Alliance and One
World can exchange miles for Humancoin tokens, thus supporting the
charity industry;
❥ Tourism industry players — ticket and hotel booking services, such
as Booking.com — will be able to issue additional discounts to their
customers in exchange for Humancoin tokens;
❥ The gaming industry will be able to incorporate Humancoin tokens into
popular online games;
❥ Contracts with popular cryptoexchanges will allow token holders to
receive discounts on exchange fees. This feature of the Binancecoin
token has catapulted it to the world's top 20 cryptocurrencies.
❥ International corporations will be able to take part in charitable activities
and send Humancoin tokens as gifts, thereby enhancing the enterprise's
social status and loyalty.
Humancoin token for the platform's partners
Platform partners may 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.
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.
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.
The funds raised at the Token Sale will be spent on the development
of the project in 2019.
There will be additional token emissions (mining), 100% tied to the actual volume of charitable donations (Proof of Charity).
Token Sale Bonus Structure
Roadmap
2017 — Q1 2018
development of the project idea
establishment of the core team and the pool of early backers
сonsultations with the charity community and experts on loyalty rewards
final shaping of the team
Q2 2018
start social media and PR campaign
preparations for the Token Sale
Q3 2018
Token Sale
development of the platform and expansion of the team
preliminary negotiations with the program partners
MVP
conclusion of agreements with anchor charitable foundations
Q4 2018
completion of the Token Sale and listing on cryptoexchanges
launch of the charity platform in beta
conclusion of agreements with
e-commerce partners
completion of the establishment of the legal structure
Q1-Q2 2019
the platform enters operation
collection of funds for charities and distribution of tokens to benefactors further development of the platform
Q3-Q4 2019
full functionality of the platform
extension of the list of
e-commerce partners
extension of the list of charitable foundations
For more information:
Website: https://www.humancoin.net/
Whitepaper: http://docs.humancoin.net/HumanCoin_whitepaper_en.pdf
ANN: https://bitcointalk.org/index.php?topic=4469466
Twitter: https://twitter.com/humancoinnet
Facebook: https://www.facebook.com/Human-Coin-1049107488575656
Telegram: https://t.me/HumancoinChathttps://t.me/HumancoinChat
Reddit: https://www.reddit.com/user/humancoinnet
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1917269
Eth: 0x4Fc47233411361C0c479FF6B5DB52e635394fbac
