I think about charity and this summer (2018) I think about floods and fires around the world and how charitable donations are instantly needed to support those affected by disasters. But it doesn’t have to be disasters, it could be that charitable donations are putting shoes on feet or painting school walls.
However, not everything associated with charity is so clearly defined. For instance, how much of your donation will end up with the charity? Or for that matter, with the intended recipient.
It’s here that Humancoin intends to change the world. Humancoin is a breakthrough blockchain project, uniting philanthropists and recipients of funds on a single platform in a convenient and transparent way.
Humancoin is a new massive cryptocurrency fuelled by a Proof of Charity mining protocol, which allows it to scale thousands of times (more of this later).
By combining the charity industry and retail e-commerce (which together have a combined value of $3,5 trillion) on a single P2P convenient platform Humancoin can solve the problems associated with donating.
And with the philanthropic association, Humancoin inspires a compassionate resonance, which by bringing in loyalty schemes further enhances the brand. It’s a brilliant concept: charity with e-commerce providing loyalty schemes.
So, back to the Proof of Charity mining protocol. Humancoin will provide benefactors with 50% of the value of their donation in Humancoin tokens (
according to exchange weighted token price).
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 will the popularity of the token. The future expansion of the project will be financed by the 5%-fee raised from the funds collected for charity projects, which is still four times lower than the market average taken by Charities.
A fixed number of Humancoin tokens will be made available at the Token Sale (note here that the PreICO sale ends on the 15th August). All tokens that go unsold after the Token Sale will be burned. Afterward all tokens exchanged to loyalty rewards miles, bonuses, coupons will be returned and burned. This will limit/decrease the number of our tokens in circulation. After the Token Sale, the Humancoin token will be listed on crypto exchanges.
And Humancoin have recently announced that there will be quarterly buybacks 5x to Token Sale price after starting operations, a very attractive offer which goes very well with the attractive nature of Humancoin.