Re: [ANN] [PRE-ICO] Humancoin is the cryptocurrency of kindness
Most crypto enthusiasts have heard about PoW (Proof-of-work) and PoS (Proof-of-stake) algorithms for reaching a consensus as to which transactions should be added to blockchain. But what is Proof-of-charity?
This is a system that Humancoin operates on. The platforms smart contract grants tokens in proportion to the donations made by donors (50% of the value of the donation). It is as simple as thatmore donations mean more tokens! The Proof-of-charity concept places no restrictions on the number of participants that can get involved: new projects, donors and e-commerce market players will be able to become part of the Humancoin community in the future.
This is a system that Humancoin operates on. The platforms smart contract grants tokens in proportion to the donations made by donors (50% of the value of the donation). It is as simple as thatmore donations mean more tokens! The Proof-of-charity concept places no restrictions on the number of participants that can get involved: new projects, donors and e-commerce market players will be able to become part of the Humancoin community in the future.
Not sure, I get, why the second was named so similar to the first since two seem to be completely separate things. Still, seems to be a good incentive for people to start giving a damn about less fortunate then they are. Props on that.
This Proof of Charity concept allows the project scale by hundreds to thousands of times. Token holders can sell their tokens on a cryptoexchange or hold onto them to in order to take
advantage of the attractive discounts from our growing network of partners. That's why there is no limit - everyone can join the project
All right, a built-in scaling mechanism. Most other projects I've seen so far have to implement one separately or dont have it at all. Now that's foresight.