Humancoin - Era for Charity

Charity market - Website : https://www.humancoin.net/

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.

In other countries, too, charitable donations represent a significant proportion of the overall economy. In Europe, the British have the largest number of philanthropists, and according to various data sources: 70% of the country’s residents transfer money to support humanitarian projects. Germany, Japan and France are also among the countries where the population actively engages in donating money to charity. The Mohammed bin Rashid al Maktoum Foundation, one of the largest charitable organizations in the world, is based in the UAE.

According to the Charity Aid Foundation, private individuals are the most active donors. Traditionally, their contributions account for up to 80% of all donations, with crowdfunding rapidly evolving. Around 15% of all donations are through foundations, with large corporations accounting for only 5% of donations.

People donate money more often and more readily to religious causes (32% of the collected money); education (15%); humanitarian aid (12%); charity fund projects (11%) and healthcare (8%). An additional 22% of donations account for other purposes, including environmental protection, protection of wild animals, as well as culture, art and international projects.

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.

It is surprising that over the centuries the charity industry has changed very little in terms of the technology employed, except that the role that monasteries played two hundred years ago has now been taken over by philanthropic foundations. While the funds now have phones, printers and computers in their offices, the problems haunting the industry have remained the same. It is difficult for philanthropists to find worthwhile projects, quickly and seamlessly transfer money to them, and most importantly, be sure that the aid that they provide reaches the addressee and is used purposefully for a just cause without any significant transaction costs.

Blockchain technology and the associated P2P Internet platform help solve the problems of the industry and provide a powerful impetus for its further development.

· Donors can monitor transactions to see that their funds are being spent exactly as intended.

· Charities can demonstrate their integrity by providing information on how the funds are being used.

· Quick payments (including cross-border transactions) are simplified and the problem of currency and cryptocurrency conversion is solved.

· Automation of all processes can significantly reduce transaction costs.

The Humancoin platform offers a revolutionary solution for the charity industry. The consolidation of blockchain technology, the cryptocurrency market and e-commerce loyalty programs into a project will forever change the charity industry. Let’s look at each of the three industries.

Website : https://www.humancoin.net/

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).