Some might argue that we got at this stage in our evolution just by simply caring for one another. Charitable giving, caring, giving to someone you know cannot pay you back evoke sentiments of happiness that cannot be replicated.
Great charity foundations and philanthropic endeavours move the needle forward when it comes to evolving the space. However, like any forest, a charity has its bad trees. Companies or individuals can sometimes use a charitable organisation for the sole purpose of laundering money as the money given to charity is tax deductible. Not to mention the legal hurdles that prevent your donation to arrive in full at the destination like taxes or other veiled mechanisms.
Thus people started to lose hope in these organisations as they cannot surely tell if they are funding a racket or if their hard earned money will ever arrive at their initial destination. The disruptive ripples of blockchain technology can revolutionise even the way we give to charity by solving all of these issues!
Humancoin: The fully transparent donation platform based on blockchain!
Donators worldwide rejoice! The team behind humancoin) have developed an ecosystem based on the distributed ledger technology that bypasses any third party and arrives in its entirety at the receiver. More so, donators can fully track how their hard earned money is spent, and the platform can issue entirely legal receipts that they can show to the fiscal authorities for the tax deductibility.
Humancoin also partnered up with online stores, airlines and other international corporations that do not necessarily accept cryptocurrencies thus being a direct advocate for space at the same time, and what better way to do it than with charitable donations done right!
Bitcoin has “Proof of Work” Humancoin has “Proof of Charity”!
Once the token sale event is over, Humancoin(www.humancoin.net) has a proprietary system that will issue new tokens in direct correlation with the amount raised on the platform. This mechanism is called “Proof of Charity”, donators will receive 50% back of the value of their donation matched in Humancoin tokens, these, in turn, can be directly sold on exchanges or used on the partner network of Humancoin) to receive exclusive discounts and bonuses. By partnering up with retail players on the global market, the ecosystem can drive sales and at the same time aid those in need through sustainable growth and transparent governance policy.
By some estimates, the global charitable giving endeavour amounts to 3.5 trillion on a yearly basis, if Humancoin manages to capture just a fraction of this amount it would rapidly prove to other organisations that blockchain technology is here to stay with actual uses cases that disrupt our society.
Should you be interested in purchasing Humancoin tokens, you can do so right now as the Pre-Sale period is up until the 15th of August. The price of one token is set at $0.01, and the minimum purchase is 0.1 ETH.
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