Humancoin (PreICO)

Charity perfectly fits blockchain technology which in necessary for transparency and traceability.
Synergy with e-commerce can pump the project’s value hundreds of times. The team and advisors present all needed spheres and locations to make this project successful. The product is really unique.

This is an awesome idea I am willing to invest myself. I believe this coin has a chance to enter top-100 cryptocurrencies. A viable return to investors stems from the potential token growth by many times by making more and more agreements with e-commerce players. The compensation for "miners" (benefactors) positively affects the liquidity.
The E-commerce industry is struggling to maintain loyalty from their customers. And they need something more than just a discount for loyal customers. The charity industry needs transparency/traceability (blockchain perfectly fits!), less mediators and transactional costs. This project unites this with its unique “proof-of-charity” mining protocol and p2p platform. The benefactors are rewarded with tokens for donations and thus the tokens are being mined. The company makes the usual agreements with e-commerce players, and the tokens will gain value which can then be easily converted to miles, bonuses etc. People are used to HODL such coins waiting for a good bargain. It is also great for the token’s price.
The team & advisors looks good and numerous (all areas covered). The WP is comprehensive and has business plan numbers included. $6 mln softcap seems reasonable as they have 3 scenarios in the WP depending on the fundraising. The project looks to be following a roadmap.
So this should be a successful project if well implemented! Good luck to the team!

Dont be taken in by some romantic notion that this is actually charity...
the entire premise is based on the creation of a platform and ecommerce space designed to drive revenue into the pockets of the founders..
The only charity aspect i can see is the ability for a charity to use the platform to raise funds..
The idea that 26mil is required to create such is not even close to reality.
Bonuses, miles, coupons are not a viable ROI to investors.
It is my opinion that the idea and marketing of the "charity" aspect of the project is nothing more than a way to dupe investors into believing they are actually doing something charitable.
If you want to be charitable send your money to a childrens cause, cancer research or any other cause you feel compelled to support.
This is a bad idea and an even worse investment.

The project bring transparency, continence and efficiency to empower charity and high impact to econmer industry. I saw strong team and global big influencer in the advisory board. Wish the project very success.

Very good and strong team.
Good and right idea and vision.
This a new approach to make loyalty rewards in retail e-commerce more effective. Direct association with charity should give humancoins an advantage over all other programs. The overall market is huge. And the project on the other hand will boost charity industry by solving the problems of traceability introducing blockchain there
KYC passed.
Need impove a MVP - product and all will be fine.
I wish good luck to the team!

I like the synergy between charity and e-commerce. The Blockchain technology and transparency works well here.The team has a great background from the right places.

Strong team and advisors, KYC done;
High quality white paper - well described finance, tokenomics, business model and legal issues;
Huge and prospective market;
MVP is available;
"Proof of charity" can make the project a popular cryptocurrency, if the team manages to realize the promises in accordance with the road map, the project has every chance to succeed.

Integrating blockchain tech into the charity industry is a great thing to bring transparency.

The project got an interesting set of team members who are experienced and got a good advisory board.

Looking forward to use the MVP of the product at the earliest.

Good Luck to the team

In My Opinion:

Team 4
Although the team seems solid and with good advisors

Vision 5:
Its A revolutionary project? for sure is a great project,

Product 2:
Honestly, you can't link a photograph (photoshopped) is not a MVP, btw i know they work hard to do a working alpha, let see.

I'll update my rating if I see any news.

Humancoin unites philanthropists and recipients of funds on a single P2P platform in the most convenient and transparent way possible. which is a great vision indeed. Projects teams and Advisory board looks very experienced. I am sure that this project will be a successful one.
About MVP
i dont find any MVP just find a png picture in MVP department
https://uploads-ssl.webflow.com/5b0af754be77e0768538d28e/5b0c00bd502061936e149d1f_laptop.png
best of luck team.

From my point of view this is a HomeRun project! Bringing transparency into charity and e-commerce is needed. The team, vision, and product all look great. I look forward to watching the growth of Humancoin!

After discussions with the team I am updating my rating for the product.

Previous review was:
This project can a create a new widely used cryptocurrency based on its Proof of Charity mining concept which seems quite interesting! It fosters the development of charity industry on blockchain, and gives additioanl impetus for e-commerce flourishing. The team is OK and well-prepared to implement this. So let's see the results of hopefully successful ICO.

So glad to see someone using the blockchain for philanthropy. By providing extra incentives via rewards more people will get interested in crypto currencies and blockchain technology as time goes on.

In my opinion this is a very interesting project, a bit of a twist with charity and a loyalty program, I’m not sure if I’ve ever heard of a charity doing this before and this may be a niche that people like. It appears there is a decent amount of money for marketing purposes, I can appreciate the breakdown for each phase that is raised.

*Please see my profile for disclosures

Blockchain for charity is just ordinary thing. But these guys push out very interesting economic idea: they closed the token circulation cycle via e-commerce and made strong backing (of course, these strong backing works perfect because people trust in charity)

Its a small, but solid team which I appreciate. I would love to see more relevant and real positions as they grow.

Vision is good, but I see many similar charity based projects coming out everywhere. And almost in similar manner. So I would not be excited by the vision.

MVP is to be released in future, so this cannot be a 5 yet, and I am happy to edit it in the future.

the mix of charity and e-commerce is interesting. The team seems to be ok,but not an allstar team, I'd rather see more core members than advisors, as they are the ones in it for the Long term. I will update my product score once the MVP is there in Oktober.

Humanacoin is not a recipient or a distributor of monetary donations. They would like to build a platform that connects givers and the people in need. The team appears capable. I am impressed that they provided a scalable breakdown in the whitepaper of what they plan to do with the funds based on reaching the soft cap on up through the hard cap.

The tokenomics are favorable and the proof of charity work looks like a good idea.

This project can be successful if the team is able to effectively execute on their goals and timelines.

They have quite a few competitors in this space, so differentiation and reach will be key.

(Update: Thanks for making the suggested updates)

This is not financial advice or a recommendation to invest in this or any other ICO. Investors must perform their own due diligence and not rely on external ratings to make their final investment decisions. ICOs are risky and 100% loss of capital is possible.

The team is very strong and has completed the KYC process as necessary. The MVP will need to be fully released to be evaluated throughly. The Whitepaper covers all major the basis. The coupon program for points miles and bonuses should help incentivize users to use the platform. The charity industry is also lacking a level of transparency that Humancoin looks to be able to help fill.

Human coin is a very interesting and unique concept I believe. The team seems capable to execute it successfully. I like the idea of combining charity with e-commerce. Waiting to test MVP.

Its a revolutionary project uniting charity and e-commerce. Blockchain tech is necessary to increase transparency of charitable donations. The team is strong with a proper expertise and presents all main countries. It has a MVP already

Team has a great diverse background. Advisor team is strong as well. Wish there was more blockchain experience or devs involved though

The vision is great but many parts of the strategy in the WP rely too heavily on partnerships, like the loyalty program. The coin is only worth anything redeemable like miles, if a partnership is secured, so there is a lot of hypotheticals at this stage.

I love the charitable transparency, but this could be a double edged sword. It would be great to see how the money/tokens raised by charities is spent to ensure it is spent appropriately, but at the same time, many donors may not want transparency regarding their donations, which is why in the real world many donations are still anonymous. Something to consider.

WP is very well done and carefully though out. I really like that you have described the strategic planning and budgeting differences between reaching just the soft cap vs hard cap. Very few projects do, which ususally raises red flags, but i love that you have described the reasoning and budget plans here. Excellent!

One thing i do not agree with is the open token supply. Without a fixed token supply, it makes valuation difficult. in the WP you mention that you may give back 50% in tokens to donors and issue new tokens in the billions. This is not good strategy and I don't think there is need to consistently create new tokens.

I only wish you had at least an MVP or alpha at this stage as it may be too early to conduct an ICO without a product or MVP. Especially when raising millions. For that i neeed to give you a low rating on product. I am willing to revise the rating once you have an MVP that has been tested.

Good luck on the project and I hope you succeed!

I rarely find a project to be the true epitome of the ethos of Blockchain, where team, vision and product meet in a seamless way. This project is just about right, and that's why I'm giving it the top rating.

As an African, resident in South Africa but really well travelled across the continent, I have seen the perilous impact of donor funding on the continent where well-meaning donors have sent billions of dollars into Government coffers only to to disappear into a bottomless abyss. I have given substantial thought to projects that will give donors of all sizes the kind of traceability of their funds and long-ago knew that Blockchain is the solution. I often quote this as the number one use-case for Blockchain.

Well done to this team, especially for integrating a couple of other industries into a no-brainer for the Blockchain.

I think the charity segment will be one of the first real use cases for crypto beyond simple money transfers.
Team looks solid and I believe in the idea.
Minor: Suggest improve the description to get the message across quicker.

Project is based in UK: +1
Savvy team: +1
Proof of Charity concept looks very attractive as it allows to mine tokens by making donations.

Generally the most valuable projects for the larger society the ones, which are related to education, healthcare and charity, I hope Humancoin will succeed and do a lot of good in the world!

Although I love the idea but there are several things that need to be taken into consideration in terms of ROI as we are now attracting investors rather than philanthropists or donators.

Team: Great to have a solid and strong team as listed.

Vision: It is not the only idea in this industry and surely there will be more to come but at least your pitch is good though.

Product: Although it is hard to have a working alpha or beta working product but it is bad for investor to make an informed decision with nothing even a website or MVP.

What is not to like? We need more philanthropical projects to bring legitimacy to the industry and Humancoin will help do just this. Sounds like there are still a few directions the project can go (potential global loyalty programs aggregator, etc.), so just recommend keeping a tight product-market fit.

The idea of humancoin sounds promising. If this concept is implemented properly, it can become greatly beneficial to target audience falling under this vertical. The team looks great, capable of creating a value. Most importantly, loyalty scheme within the e-commerce industry can be revolutionised using this concept. 5/5 for vision.

However, 20mil softcap is reasonable although it will be a bit difficult to achieve such targets in this incredibly bearish market.

Strong team and good advisors. I like the approach of forming partnerships with other charity projects.

This statement gives me confidence that my money will arrive where it should.

The distributed ledger technology, which is designed to put an end to the
middleman, gets rid of the long charity chain composed of banks, NGOs, state
bodies and law firms. Blockchain provides a digital mechanism for recording
and viewing any transaction. It is important that the record cannot be hacked or
modified. Blockchain solves the trust issue by providing transparency, traceability
and security.

A really interesting project, the technology of blockchain is appropriate here. Sophisticated economy, strong team, KYC passed.
Let's see what will come out of it.

Good team and white-paper.

[Update] Thanks for the explanation on how proof of charity making HUMA the cryptocurrency of kindness. Liked the fact that social appearance is fantastic. Liked MVP too!

Blockchain and charity - what could be better? If people are confident that their money is being spent to help those in need, I think that charity will become more popular! Good luck to the project in everything!
I want to see MVP - so far it looks very promising!
Good and strong team.

A very simple and sophisticated project. I think that the success of such a project is socially desirable.
The roadmap has been maintained.
Team members are also very well maintained.
Blockchain expert is also available. Although he is experienced, he is uneasy about not having Solidity skills.
Is there a partner company secured?
The logo is clearly stated, but there is no statement that it is a partner company. According to the roadmap, the contract with the partner is 2018 Q3. This indicates the possibility of being after the token sale. Considering this point, I am a little anxious about the success of the project's ICO.

I will update the rating of "product" when MVP is released.

Interesting, but maybe not completely unique. In terms of the team, I don't see a lot of relevance, in the sense that the direction the platform takes will be more a subjective decision than an objective one. Which may or may not be a good thing in the long run. There's also no CFO or CTO on a project that hinges on these two major aspects.
The vision, of course, i solid. It's nice to see it linking back to something, creating value in the act of charity is always a great way to push the concept. An element of gamification could work as well, maybe, in some future versions.
The product itself, I would have liked a more secure token, for starters. Maybe even a better use of blockchain technology. But that's being nitpicky. The token structure and the bonuses do leave some room for improvement, if time permits. I feel it's hurting the project itself in current form. At least in terms of any kind of foreseeable value.
Additionally, I don't immediately see the need for the funds at this point. But there's probably some calculation behind that figure so I'm not basing any kind of rating on that fact.
Personally, in this case, I also don't see value in a KYC and Whitelist. The KYC is a touchy subject, but I really don't care for it in this instance. The whitelist I would do away with completely unless there's some brilliant reason why people would need to sign up for something prior to launch.
Otherwise, though, based on the fact that it's aimed at doing something good, bringing transparency to undoubtedly one of the more shady businesses of the world, I wish you all the best! There's a ways to go before it can be perfected, but this definitely a strong start.

It is a fantastic project dealing with loyalty rewards e-commerce and charity industry problems. They are starting to make partnership agreements already with major players. The token has a huge potential for growth

"The blockchain platform fuelled by the “mined” Humancoin token will breathe new life into the charity industry, proving an engine of growth."

How many charities are currently working with you?

Amazing project that combines e-commerce and charity! The project is already successful in doing partnerships with big e-commerce players. Savvy team! Very detailed whitepaper! Proof-of-charity mining protocol is a great platform for growth

It is good to see such project that has a purpose for the society. Hopefully through the ICO , I hope this can make an impact for better society. I also see a lot of marketing done and this will surely make its project well known and have more chance to be successful.