The worst kept secret in the charity industry worldwide is that it needs to be reformed from the ground to make it trustworthy and manageable again. There are just way too many obstacles placed on charities around the world imposed by government agencies or laws and regulations that make it nearly impossible to help someone by sending them money.
Blockchain technology can help solve part of those issues, and Humancoin is just the company to take one step forward and offer a solution that brings together three different markets under a single roof with the intent of helping people in need: The world of digital currencies, the basics of e-commerce and non-profit organizations.
Why should we Trust Humancoin?
For starters, the startup does not handle cash. The company asks donors to buy a token utility nicknamed “Humancoins.” These digital assets can be converted into any form of instrument that incentivizes their exchange such as points, miles, bonuses or coupons.
The owners of these digital assets are encouraged to keep the ongoing trade of their Humancoins to get benefits out of them.
They also extend continuous invitations to their token holder to bring forward more participants in the ecosystem and promote an increasing demand of the token, thus keeping a steady flow of funds to the causes that really need it.
Features Found in the Humancoin Tokens
One of the first features that stand out is the possibility to use Blockchain technology in a global e-commerce environment working as a loyalty program just from offering to fund the right causes.
Being a token holder of Humancoins instantly grants the user philanthropist status while offering them the chance to learn more about the causes they are supporting.
Since the trade of the token utility is expected to be ongoing, the programs looking to get financed won’t be competing among themselves, since the Humancoin is integrated on each of these programs. The algorithms of the ecosystem will make sure a user finds the causes that resonate more with them.
Advantages of Working with Humancoin
No shortage of possibilities here, we can list a few to give you a full picture of how Humancoin is planning to work the charity system on their own terms:
- Since the Humancoin platform works only with P2P protocols, it will allow users to offer their donations directly to the causes of their interest with no middleman collecting fees.
- As a project, Humancoin is not tied to any organization, and as such, they don’t answer to anyone but the beneficiaries of the causes they house on their ecosystem.
- While the use of the digital token is encouraged, there is a high possibility that many initiatives set shop on the platform and create their own conditions to receive donations. You can use the system’s exchange service if you wish to offer donation using FIAT currency.
- The platform is designed to handle all the popular digital currencies so you can use them in the ecosystem to get more Humancoins.
- Last but not least, the platform will collect a fee for their services, but unlike most non-profits around the world, their percentage is only 5%.
As you can see the scope of this company is wide and able to benefit plenty of people in a more direct fashion that handling money to organizations. If you wish to learn how Humancoin is taking away the middleman, you can go to the Website
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