is the new e-commerce cryptocurrency fuelled by the Proof of Charity mining protocol
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.
Marketing analysis
In 2017, according to MarketInsightsReports, the size of the charity market
was estimated at an impressive $747 billion and it is clear that an enormous
volume of “peer-to-peer transactions” are not being measured: many of us spare
our change to people on the streets or make impulsive donations to charity
from time to time.
Charity market
Every third person on Earth gives
to charity at least once per year, with
50% of donors providing aid to strangers
according to the World Giving Index
2017, compiled annually by the Charity
Aid Foundation. For the third consecutive year, charities have raised a record
volume of funds. In the US alone, the amount of recorded donations reached
$400 billion. About three-quarters of the country’s residents have helped
a stranger at least once, and two-thirds have donated money to multiple charity
foundations. The volume of donations in the US consistently exceeds 2% of the
nation’s GDP; around 7 new charitable foundations are created every single day,
with more than 1.5 million currently in operation across the country.
Problem
Despite the rise of new mechanisms for donating, the charity industry still
cannot overcome its main obstacle — a lack of trust. Donors, most of whom are
private individuals, simply lack the means to verify whether their funds have
reached the addressee in full and in the required timeframe, even if they transfer
the money with the help of specialized organizations. According to various sources,
about 20% (or more) of all donated funds end up being kept as administrative
expenses by charity foundations.
Solution
The distributed ledger technology, which is designed to put an end to the
middleman, gets rid of the long charity chain composed of banks, NGOs, state
bodies and law firms. Blockchain provides a digital mechanism for recording
and viewing any transaction. It is important that the record cannot be hacked or
modified. Blockchain solves the trust issue by providing transparency, traceability
and security.
E-commerce market
According to Statista, the global
online commerce market is set to reach
$4 trillion in 2022, while e-commerce
retail sales hit $2.3 trillion in 2017.
The retail landscape is rapidly changing
and according to a Pew Research Center poll, currently, 8 out of 10 Americans are
active online buyers.
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.
Humancoin token for token holders
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.
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.
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.
TOKEN SALE
Distribution of tokens
3 055 mln For sale
1 000 mln Partnership Development Fund
600 mln Team reward
50% blocked by smart contract for 6 months.
50% blocked for 12 months
600 mln Advisors and ambassadors
500 mln Consultants and exchanges
245 mln Bounty, airdrop and referral program
All tokens available for sale at the Token Sale that go unsold will be burned.
Tokens are allocated to the user's personal account, and will be distributed
after the Token Sale has concluded and then listed on popular cryptoexchanges
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