 They say that money can't buy happiness, but what if we could spend our way out of the problem of aging? The creators of a new cryptocurrency that dedicates a portion of each transaction to fund life-enhancing science and technology want to make it possible to do just that. Find out more in this episode of Lifespan News. The cryptocurrency, which is being billed as a research and charity-oriented token, is known as Transhuman Coin or THC. This THC branding is also the reason behind the green color on the website. The coin was created with the goal of enhancing human life through science and technology. It seeks to accomplish this by redistributing 2% of every Transhuman Coin transaction to coin holders, including the Transhuman Charity Fund wallet. According to the white paper, this wallet will be managed directly by a scientific advisory board and will fund research into longevity, age reversal, AI, and other life enhancement technologies. Transhuman Coin co-founder Peter Zeng says that the Transhuman Fund wallet will donate to projects which increase our healthy human lifespans, enhance our intelligence, and improve our well-being. Peter is a member of the Faculty of Singularity University, is the co-founder of Transhumanism Australia, and works on technology, markets, and growth initiatives at KPMG. He co-founded Transhuman Coin alongside Charles Owuzzi of South Africa, an entrepreneur described as a biochemist and cybersecurity expert. The 2% of every transaction redistributed to coin holders in the Transhuman Charity Fund isn't the only bit taken out. An additional 2% of every transaction is sent to the liquidity pool, and yet another 2% is sent to the marketing wallet to fund promotional campaigns and buybacks. They say that a major goal of the project is to build a research center to facilitate cross-disciplinary work between students and experts in science and technology. They hope the center will enhance research opportunities and solve real-world problems. Organizers plan to launch the center by 2023 and expect to decide upon its location in December 2021. In addition, the creators claim that top THC holders will be able to nominate organizations for donations or investments, after which, a community poll will decide which organizations ultimately receive the money. They also say that these donations and investments will be live-streamed and recorded for transparency purposes, and that they will be regularly audited by external auditors. Charles Owuzzi adds that they are using the power of cryptocurrencies to fund human enhancement technologies that can positively impact us all. Research into age reversal and longevity is proving increasingly promising and that is exciting to be supporting initiatives Transhumancoin is currently listed on PancakeSwap and Coinsbit. The creators have donated 10 million coins to Lifespan.io, the non-profit organization behind Lifespan News, to support our work. Lifespan.io also accepts THC donations, alongside numerous other cryptocurrencies, on our donations page at lifespan.io forward slash donate. So will Transhumancoin live up to their lofty goals? I guess time will tell, but I think the general idea is a good one and I'm excited to see that they are expressing a commitment to transparency. Either way, we'll be following the developments and we'll be sure to keep you updated, so please subscribe so you don't miss out. I'm Ryan O'Shea and we'll see you next time on Lifespan News. What do you think? Will you be buying Transhumancoin? Let us know your thoughts in the comments.