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[Ann] Hong Coin: DO & Man+Machine Teaming - the New Beginning

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Welcome to the New Beginning: DO & Man+Machine Teaming




Cryptocurrency can be part of our real life, by being coded into smart devices, and linked to business operations and even social good. However, the DAO's experience, designed as an autonomous organization that was supposed to run investment activities administered by smart contracts, proves to be "too human" by the most recent acts from community in response to the exploit in its smart contract. Despite the best efforts, it shows that machines are not adaptive enough for the complexity of real world.


Thus, in order to make a successful and viable system, man and machine should well collaborate to best perform the advantages of each, instead of surrendering to each other. Human should do human's work, and machine should do machine's work. 


Hong Coin is created in this spirit, as a venture fund on the Ethereum blockchain. It is a Decentralized Organization(DO), meanwhile being manageable and accountable, by using Man+Machine Teaming(MMT) design. This spirit is enforced through publicly verifiable smart contracts enabling token(Hongcoin) issuance to investors and putting collective voting power in their hands, and a team supporting daily operations and portfolio management for the Hong Coin community. Using this design, Hong Coin can reach the highest level of performance with unprecedented levels of security, manageability and transparency.


We believe the future cryptocurrency will be fuelling the whole connected society and linking distributed elements together. It is not about vision correct or wrong, it is about near and far. From near to far, we ask for the community to join us to make a new beginning together.


Hongcoin ICO will commence on Aug 13th, 2016. Visit our site and join our Slack channel to find out more: http://slack.hongcoin.org



How It Works

Here is an illustration of How Hong Coin works using MMT:



You could also watch our online video introduction to understand more.



Some Links

Our site: http://www.hongcoin.org

Github: http://github.com/hongcoin

Whitepaper(draft): here

Slack: http://slack.hongcoin.org

Medium: @hongcoin

Youtube: Hongcoin Channel

Twitter: @hongcoins

Edited by pan1907

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