Humancoin — Review ICO

rayed
4 min readNov 3, 2018

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Hello everyone, readers of my blog Syndrome ICO. I will explain a bit about the crypto currency project, This is most relevant in the world of crypto currency, which is characterized by its high volatility. I decided to look for a project where all the tools for productive, high-quality and profitable trading by crypto-currencies will gather. And this is the HUMANCOIN project.

About Humancoin

Humancoin is a blockchain project, which unites philanthropists and recipients of funds on a single platform in the most convenient and transparent way possible. Donors (which comprise one in three of us globally) can quickly make donations worldwide, monitor their expenditure online and also receive discounts from the platform’s partners.

Charitable projects are able to accept funds with minimal overheads and in the shortest time in any convenient currency. Blockchain can reduce or even remove the need for third-party authorities (a long chain of banks, NGOs, government agencies, law firms and so on). Blockchain could make it easier to develop direct giving platforms at a much larger scale.

Advantages of Humancoin

1.An important advantage of the project is the possibility of mining the project’s cryptocurrency. Moreover, Humancoin tokens can be easily converted into bonuses from platform partners. Such an approach to charity will ensure a constant demand for internal cryptocurrency, where, with the participation in a charitable action, you can get a reward.

2.Humancoin project is the first project that works on blockchain technology and allows participating in various loyalty programs, while doing a good deal. The partners of the project are various shops, airlines, cryptocurrency exchanges and other international corporations. At the same time, they accept payments not only in cryptocurrency, but also in fiat, placing their shares on the platform and encouraging users to conduct charitable transactions. Humancoin does not try to eliminate its competitors, but actively cooperates with them to maintain a high level of integration. To do this, it is sufficient to establish an exchange cross-rate.

3.With the introduction of blockchain technology into charity, Humancoin allows making payments safely without reflecting bank card details. With the help of the project, users can make donations regardless of the geographic location of a recipient.

How It Works

The platform provides the opportunity to fully track donations online, as well as voting and ranking for projects and philanthropists along with other features.

There is also the option to receive a receipt for each donation to use for tax deduction purposes depending on the donor’s tax jurisdiction.

The future expansion of the project will be financed by the 5%-fee raised from the funds collected for charity projects, which is 4 times lower than the market average. Charitable projects, both private initiatives, and foundations enter the details in the Humancoin platform.

They complete a standard format 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.

ROADMAP

2017 — Q1 2018
develop project ideas
Established the core group and the original advocacy group
rejoice with the charity community and loyal loyalists
the final formation of the team

Q2 2018
Start a social media campaign and PR campaign
Preparing for the Token Sale

Q3 2018
Sale Token
platform development and group expansion
Negotiate with the program partners
MVP
Conclusion of the agreement with the charity anchor

Quarter 2018
Complete the sale and list the code on the cryptoexchanges
Launched the charity platform in beta
Signing agreement with e-commerce partner
Complete the establishment of legal structure

Q1-Q2 2019
the platform goes into operation
collect money for charities and distribute cards so that the benefactors can further develop the platform

Q3-Q4 2019
Fully functional of the platform
expanding the list of e-commerce partners
Renewal of charity listing

Conclusion

As always, I try to review projects that are innovative and have a really unique value proposition, and that’s exactly the case with Humancoin. I will be looking forward for the development of this awesome platform and I’m positive about the team direction to move the project forward.

Useful information:
• Website: https://www.humancoin.net/
• Whitepaper: http://docs.humancoin.net/HumanCoin_whitepaper_en.pdf
• Bitcointalk Ann Thread : https://bitcointalk.org/index.php?topic=4469466
• Telegram: https://t.me/HumancoinChat
• Twitter: https://twitter.com/humancoinnet
• Facebook: https://www.facebook.com/Humancoinnet/

MY INFO
BTT Username: Rayed
BTT URL: https://bitcointalk.org/index.php?action=profile;u=1944534

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