Whereas most platforms are focusing on the business aspect, Humancoin is including a social element into the platform. Other platforms may be focusing on the business aspect in order to gain profits. Meanwhile, Humancoin isn’t only thinking about gaining profits but also about helping others through their cause. If you want to think of it, this platform is combining cryptocurrency, philanthropy, and e-commerce within one platform. How cool is that!
The Basic Concept
If you are used to donating or doing social work, you know that such a management can be complex – and even costly. When you want to make donations to other areas (others than yours) or across the border, things can be complicated from the matter of administration, currency, and much more. Not to mention that you are constantly worried whether your donation will reach the intended party on time or on the full scale. Let’s be honest; because of the lucrative amount of money involved in charities, social work, and donations, a lot of people often take advantage of it. Instead of channelling the funds to the needs, a portion of the money goes into their pocket. Their intention is to enrich themselves.
When you double the matter of doubts and trusts with the complexity of managing the donation, it is pretty understandable that more and more people are reluctant to donate – mostly because they are afraid that their money will be taken away instead of being given to those in need. But thanks to Humancoin, such a problem can be avoided.
In Humancoin, you can make donations with the use of the cryptocurrency, which will make the entire process easier and simpler. Unlike the regular banking service, the cryptocurrency can be used in a wider coverage or area and it doesn’t involve any complicated process. Even when you are making a cross-border donation, your donation will arrive in the cryptocurrency wallet right away – within minutes. Moreover, since you are using this platform, you can track your donation – making sure that it gets to the intended party. No more worry or having doubts about your donation is being misused or taken away.
But what if the administrator manipulates the record and the platform’s system? You see, this platform is operating on a blockchain technology. It will record every activity, including transactions and agreements. It encourages transparency as well as promoting better security. It would be impossible to manipulate the system or change the record unless you override the whole system – which is fairly impossible for now. It is safe to say that it would be impossible for the administrator to change the record. Your transaction (and money) will be safe and intact.
The Use of Tokens
Humancoin tokens will be used as the main currency in this platform. You can convert it to other currencies, including fiat money, and vice versa. When you want to make donations, you will do it with this token. If you want to unlock access to the platform, you should have the tokens and be sure that you know how to do it well.