Humancoin - Benefits for Holder, Mining, and Partners

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.

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

Token mining. Proof of Charity

Even a modest 1% of the charity industry turnover accounts for 25 times more than the number of Humancoin tokens issued at the Token Sale. Therefore, in order to provide further rewards to benefactors, the company will issue additional tokens after the Token Sale, in strict correlation to the actual amount of funds raised on the platform.

The platform's smart contract will grant additional issues of tokens in limited tranches (1 billion tokens each), which will depend on the volume of funds raised and are based on the need to reward benefactors in proportion to their donations. New tokens for other purposes, apart from rewarding donors, will not be issued.

Proportional to their donations, benefactors receive back 50% of the value of their donation in tokens, according to the exchange-weighted price of the token (in other words, benefactors “buy” or “mine” tokens at the rate of 2x to the price listed on the exchange). For example, a patron donates the equivalent of $1,000 to charity projects on the Humancoin platform. If the average exchange rate of the Humancoin token is, for example, $2, the donor is credited with 1000/ (2×2) = 250 Humancoin tokens.

Token holders will be able to sell their tokens on cryptoexchanges or keep them for benefits in the ever-growing partner network. All tokens exchanged for benefits from e-commerce partners on the platform will be taken out of circulation and burned.

The Proof of Charity concept allows the project to scale hundreds and thousands of times and, therefore, places no restrictions on the number of participants that can get involved: new projects, donors and e-commerce market players will be able to become part of the Humancoin community in the future.

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.

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.