Humancoin ICO REVIEW

arsenalx420 (6)in #cryptocurrency • 6 years ago

Cryptocurrency has emerged as the true saviour for the users of the digital world and has provided us with a new hope of trust and transparency. The market capitalization and the number of users across the world is a clear indication of the popularity of Bitcoin in such a short span of time. A few years back nobody cared about cryptocurrencies but the situation has totally changed today. People, governments and business have become interested in the cryptocurrency and the technology behind it. Many cryptocurrencies have been launched in the market but i will be introducing you to a visionary projects that come to life in the form of ICO's which is Humancoin. It is a leap forward blockchain venture, which joins donors and beneficiaries of assets on a solitary stage in the most advantageous and straightforward way. Benefactors (made of one of three of us internationally) can rapidly make gifts the world over, screen their buys on the web and furthermore get rebates from stage accomplices.

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.
9/ convenient dashboard with individual settings for users.

How the Platform 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.

Humancoin Proof of Charity 'Mining@ Concept

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 Humancoin P2P charity platform.
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The smart contract will grant additional issues of tokens in limited tranches to reward benefactors in proportion to their donations. New tokens for other purposes, apart from rewarding donors, will not be issued. Benefactors will receive back 50% of the value of their donation in tokens, according to the exchange-weighted price of the token.
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Benefactors will receive back 50% of the value of their donation in tokens, according to the exchange-weighted price of the token. All tokens exchanged for benefits from e-commerce partners on the platform will be taken out of circulation and burned.
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This 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.

Token Details

Token Name: HUMA
Platform: Ethereum

Standard: ERC20

Quantity: 3,055,000,000 HUMA

Price: 1 HUMA = 0.01

Payment: ETH, BTC, LTC

Soft cap: 6,000,000 USD

Hard cap: 26,000,000 USD
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This is very fist number of growing project & this project has got a very number of ratings from various top ICO monitoring sites. ICOBench has given them a staggering 4.5 ratings . They are getting the big institutions attention and they are hopeful about convincing big corporations and investors to back them.

The idea and technology behind the Humancoin is outstanding. HUMA team project managers and engineers are highly reputed as we notice they are dealing a huge set of launches where they are integrated into a secure communication system. The team is with a solid background who are experts on this special matter. They look like they know what they are trying to do on the blockchain. After studying all the major concepts from their whitepaper I have a high of seeing HUMA succeed as it truly has the potential to rock the market and also investing into this project won't be much challenging for major investors.