Blockchain technology has brought a lot of benefits this era, as it creates a secure, transparent and an easy financial ecosystem for any industry which desires to utilize the technology.
Philanthropists also known as donors are simply said to be individuals who give their finances in making sure the world becomes a better place to live. It is estimated that 1 of every 3 individuals in the earth donates one form of donation or the other to charity projects, all in the making the world a better place to live.
It is estimated that over $747 billion is the amount of money given out on donation every year. However, because of the existing financial institutions and the lack of transparency in various charity foundations, there has been an impediment on people who desire supporting various projects due to the difficulties in sending funds across countries, the fact that donors have no idea if their donations are being delivered to the desired destinations and many more challenges.
CHALLENGES FACED BY DONORS
The following are a few of the problems faced by donors all over the globe:
- Lack of transparency: charity foundations and various projects do not give accounts of how donors funds are being spent or if at all the recipients even get these contributions in full and on time. This has resulted in a lack of trust in the industry and has led to a reduced number of donors worldwide.
- Payment issues: when ever there is a crisis in a particular country, there is usually an upsurge for donors wanting to aid the country but due to the financial limitations and complexity placed on foreign transactions, users are sometimes unable to carry out donations.
HUMANCOIN as the name goes, is a project which has a desire to help humans all over the world live a better life, which is why they are here with this project to facilitate user donations making sure it gets to the desired destinations.
HUMANCOIN is a peer to peer platform based on the Ethereum blockchain, which will be responsible for bringing donors, recipients and e-commerce players together.
BENEFITS OF THE HUMANCOIN PLATFORM
The following are benefits of the HUMANCOIN platform:
- The platform will be a peer-peer platform which will enable sponsors to make direct financial transactions for charitable courses without having to go through middle men such as charity organizations or foundations. This will enable donors to be able to connect to all countries in the globe.
- The platform will be presenting an option for the transfer of funds which is, its utility token. However, users still get to choose to transfer fund using any currency of their choice using the platforms built in currency converter instrument.
- Unlike the traditional banking system where their transactions are restricted and complex, the HUMANCOIN platform will manage the majority of popular cryptocurrencies and fiat, and also remove all forms of financial restrictions on the platform.
- A great user interface which will give a detailed listing of all projects all over the world on the platform which will further be broken down into categories based on ranking system, voting tools and other hosts of integrated services.
- The platform will create a pool where donors can live funds and the platforms automatically distribute these funds based on projects rating system.
- The platform will create a transparent ecosystem with the use of smart contract which will let donors know exactly how their funds are being spent.
- The platform will also be developing partnerships with various e-commerce platform which will enable users pay for goods using the token while offering loyalty bonuses. Users will be informed of a certain % of their purchase amount which will be used as charity donations for projects, thereby causing them to gain users loyalty due to their the good they will be doing for humanity.
HUMANCOIN intends to change the face of the philanthropic industry forever. Gales Gailer who is the founder of this project is a determined, imaginative and a disruptive leader who is being backed up by a team of competent individuals who has all it takes to see this project a success. The platform is currently on token sale, and I think this is a wonderful opportunity for you to come on board the network.
For more information about HUMANCOIN and its ICO please visit the links below:
Bitcointalk username: Ubaka01
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2318597