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Humancoin: The Currency of Kindness, The Currency of the Future

BanelockeJul 14, 2018, 4:42:40 AM

Despite all the killings and bombings everywhere, calamities here and there, wars, and so on, it is nice to know that there are still lots of people with a generous heart. As it is, there is one donor in every three persons, so if the current world population is pegged at 7.2 billion, that means billions of people wanting to share their blessings with others!

The thing is, our traditional donation platforms are laced with reliability and trust issues. Donors are concerned that their donations do not reach the intended beneficiaries at all. In addition, there are operational costs to deal with. Sending money abroad, for instance, comes with very high fees. Negotiating with regulatory agencies is not exactly a “walk in the park”, and neither is making payments across nations. All these issues make the donation platform limited, meaning, not all who want to donate are able to donate with ease. Consequently, a greater number of people are not able to receive the funds they deserve.

Well, big changes are coming with Humancoin. Humancoin takes advantage of blockchain to unite donors and recipients in a single, secure, transparent, one-of-its-kind P2P platform.

The Humancoin Platform will specifically cater to the Charity Market, the e-Commerce Market, and the Cryptocurrency Market, which, overall, have a total market value of 3.5 Trillion US Dollars! Each of these markets has obstacles to face, and Humancoin is here to provide the needed solutions.

The Charity Market

In the Charity Market, for instance, the biggest problem is the issue on trust. In many cases, donors have not enough means to determine when the donations are received, if they are received in full, or if they are received at all. The blockchain technology behind Humancoin will ensure transparent and safe transactions between donors and donees. Donors will be able to view their donations, and track their progress, online. In the future, Humancoin will even make it possible for the two parties to communicate via chat. The platform will also eliminate the need for middlemen or intermediaries which increase the operational cost of sending donations.

The e-Commerce Market

People simply love to shop! The e-Commerce market, in fact, is a huge market, with retail sales reaching $2.3 Trillion in 2017. Online sellers are competing against one another, many are starting to integrate loyalty programs as a marketing strategy to be on top of the game. The problem is that such programs have become less personalized. This is where Humancoin, the kindness currency, will step in and engage the consumers in a more personal way. Humancoin will partner with online retail stores encouraging them to integrate Humancoins in their loyalty rewards program. For instance, they can provide discounts or authorize part of the payment with Humancoins. Humancoins makes it more fun to shop, doesn’t it?

The Cryptocurrency Market

To say that the Cryptocurrency Market is booming is an understatement. Financial experts often describe its growth as stellar. It is, indeed. It does not come as a surprise, therefore, that many are desiring to be a part of the cryptocurrency boom by digitizing their assets, investing or engaging in cryptocurrency trading. The truth is, despite the popularity of Bitcoins and other digital currencies, a lot of people are still not able to take full advantage of this. With Humancoin’s platform, the use of cryptocurrencies will become more accessible to a greater number of people.

The Humancoin Platform is a flexible platform that makes it incredibly easy for donors to send money to recipients. All the donor has to do is to register with Humancoin and get verified. He or she can, then, find a charitable project, and then transfer the funds. Likewise, beneficiaries will also need to register and send in the required documents.

Humancoin Tokens are at the core of the Humancoin ecosystem. Humancoin Tokens are ERC20 tokens that can easily be converted to points, bonuses, coupons, even miles. They can also be easily integrated in already existing systems. Humancoin tokens are loyalty rewards tokens, too. They are based on the Proof of Charity mining concept, which means to say their value further accelerate over time.