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.
WHAT
DOES HUMANCOIN STANDS TO OFFER?
The necessity to follow
the trend of how things are been done become a paramount issue in various
sectors as no one want to be left out. HUMANCOIN is a blockchain revolutionized
platform with the sole aim bringing a great change to the act of giving in
relation with the cryptocurrency and e-currency market that has a larger value
and still have more room for developing. The level of technology been deployed
in the charity industry is very low and has created many problems for people
who are willing to donate. These are the problem we are eager to solve through
our decentralized platform in other to ensure a better donation platform by
putting the following into play charity, e-commerce, and cryptocurrency.
PROBLEMS
ASSOCIATED WITH DONATION PLATFORMS
• The doubt of the
receiver’s getting the full funds when passed through the third parties from
the donors and lack of trust in some other aspect since there is no solid
evaluation taking place.
• The inter-country
payment to assist foreign projects and problems that arise from regulatory
agencies
• The inability to
differentiate additional benefit when the donation is made.
HUMANCOIN
PROFFERED SOLUTION
We have been able to put
together the blockchain technology to curb all the problems associated with the
process of giving which is mostly caused by the middleman. The blockchain helps
to provide a clear transaction recording, and this technology helps to solve
the issue of trust by providing transparency because the transaction involves
two parties our concept is so unique that it will also help the philanthropist
to benefit from the automated process as the fund will only be released when
the receiver meets the requirement.
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. Website : https://www.humancoin.net/
Information
ICO
Token HUMA
Price 1 HUMA = 0.01 USD
Bonus Available
Bounty Available
Platform Ethereum
Accepting ETH
Soft cap 6,000,000 USD
Hard cap 26,000,000 USD
Country UK
Whitelist/KYC KYC & Whitelist
Website : https://www.humancoin.net/
Ann Thread : https://bitcointalk.org/index.php?topic=4469466
Twitter : https://twitter.com/humancoinnet
Telegram : https://t.me/HumancoinChat
My Profil Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2318243;sa=summary
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