WEBSITE - https://www.getunion.io/
What is UNION
Union is an Indian company targeting the Indian market, about 400 Million Millennium, and a market size of about 200 Billion USD. However, given the general ledger system of our blockchain technology, this platform is available for use by lenders around the world.
Union has expertise in the offline community loan system and also in generating online financial services in the lending sector. We want to take our services to another level to give our platform users the best experience by leveraging the power of blockchain technology and smart contracting systems to improve the peer-to-peer lending process.
The Union's first initiative is to place a Common Investment Scheme, also known as a trusted loan circle, or the Rotating and Savings and Loans Credit Association (ROSCA) on blockchain. Collective investment schemes are used worldwide to lend and save money in society, to support each other financially.
Since the existing Joint Investment Scheme works on silos within a separate community, it is traditionally very difficult to take advantage of reputations and beliefs beyond the circle of one's beliefs. With the Union's social capital gained it can be utilized across platforms, as the solution is decentralized, transparent, secure and auditable. This will help us create an ecosystem of financial products, which can be exploited by users, based on their reputation.
Vision
- Our vision is to create an e-democratic financial ecosystem for individuals inhabited and without bank accounts, on blockchain technology while utilizing trust, commitment, and social capital. With social capital, we mean we will utilize the form of economic and cultural capital in which social networks are the key; transaction process is mutual, based on trust, and cooperation; and market agents create goods and services. Social capital is an economic scheme that exploits the economic value of connections between individuals and organizations. The social network itself, which includes individuals who trust and help one another, can be an influential asset.
About union mission
Increase individual financial inclusion using blockchain technology. We will do this by eliminating inefficiencies in the existing system and automating various loan and loan processes. United will focus on developing a portfolio of financial products that will capitalize on the social capital and trust of an individual.
- Union Pool ( Unl Pool ) / Collective Investment
The platform is decentralized for collective investment schemes. Smart contract to automate the storage and lending process among trusted friends.
- Union of Social Commitment ( USC )
Individual platforms can enter into employment contracts and, once contracts are successfully concluded, individuals can earn positive scores on their social status.
- Union Lending Authentication ( ULA )
Algorithms for calculating social standing scores based on various factors such as Union Pool one-off payments, union social commitments, social media accounts, and so on.
- Union Advances ( UA )
Smart contract to automate the entire billing delivery process. People who update invoices from their own companies or on behalf of companies, will be able to increase their social score in the Union to get better loan and discount conditions.
How does it work
Union is a blockchain based platform that basically works with four of its products :
- Union Pool - Basically this is a decentralized platform for collective investment schemes. The scheme will run using smart contracts to automate and save the lending process. It will have all the features of chat chit, funding, bidding and assigning the project while it will monitor all work from an efficient platform.
- Union Social Commitment - Works on the basis of the social rankings assigned to individuals from the platform after the completion of the smart contract. The more you believe, the more people you will invest in your idea. More connections will be used up front.
- Union leaders' authentication - It also works based on ratings rendered on the basis of user feasibility on the platform that includes the timely payment of other scheme funds, other projects and their social accounts. The more value credibility will be the chances of people trusting individuals and after that, they can build their connections outside their circles as well.
- Union Progress - An individual who owns a business when once they get a credit score and earns trust, then they can make their own smart contract to be fulfilled by people. Due to decentralization and democratization, everyone can take part in it thus increasing the business opportunity to grow properly.
OUR DESTINATION
The Union Project aims to provide a decentralized lending solution alternative to individuals and small businesses with the use of innovative blockchain technology. The Union Blockchain loan platform supports Cryptocurrency and fiat money. Union seeks to expand our market to reach a global audience. The basic aim is to create a large, peer-to-peer financial institution, which uses machine learning to handle high-priced loan issues in conventional financial organizations. Union in this way, hoping to directly address the needs of 21st century financial services consumers.
Our goal is to make loans easily accessible for those who need liquidity and have the ability to pay back. We achieve this by simplifying the process and improving both the analytical assessment and analytical process. The standard lending model has expired and the bank lost its competitive advantage in the lending market. Today's innovative technology companies can seize as much market share as possible. At Union, we are fully prepared and prepared for the competition and the task ahead.
Check out the video below :
Details of ICO
Token sales will start from May 1, 2018, and you can be part of this savings platform with great ease and comfort. Token sales will use a UNION token to conduct transactions in a token sale event. In July, token sales will end.
ICO Information :
- Token Name ~ UNION ( UNI )
- Max Number Of Tokens ~ 200,000,000
- Token Sale Start Date ~ 01-05-2018
- Token Sale End Date ~ 31-07-2018
- Maximum Cap ~ $5,000,000
- Token Rate (1 UNI) ~ $0.03125
- Currencies Accepted ~ BTC, ETH, LTC
- Minimum Contribution ~ 0.1 ETH
- Contract Type ~ ERC20
- Bonus Program ~ Yes
The Union ( UNI ) Token is a token on Ethereum platform. It is ERC-20 compliant, and follows widely adopted token implementation standards. Ethereum is a popular cryptocurrency and blockchain system based on the use of tokens, which can be bought, sold, or traded. The ERC-20 defines a common list of rules for all Ethereum tokens to follow to accurately predict how new tokens will function within the larger Ethereum system :
- Maximum number of 200,000,000 ( 100% ) will be issued at any point in time
- Sending 1 Ether to Union account will create approx. 20,000 UNI
- UNI tokes will be transferred once the crowd sale is successfully complete
THE UNION TOKEN CROWDSALE SCHEDULE
The Token sale will be a 2-month ( 60 Days ), starting 1st of May until 29th of June 2018 or when our targeted funding value of 5,000,000 USD is reached, whichever is the earlier
Token Pre-Sale: There will also be a pre-sale of the UNI tokens before the said launch date, also know as Pre-Sale. People participating the Pre-sale will be entitled to specifics discounts in the form of additional discounts, as per the agreement. This will be a invitation only basis, however there will be minimum number of tokens need to be committed to be qualify for the pre-sale.
Schedule of the token sale is given below :
UNION TOKEN DISTRIBUTION
Eventually a steady state is reached where platform resources will be supported though the fees generated within the platform, a token is needed to secure necessary funding to development and support a robust platform :
- 160 Million Union coin will be sold to the participants on crowd sale
- 20 Million Union coin will be reserved for Union team
- 16 Million Union coin will be reserved for future marketing expenses
- 2 Million Union coin will be used to testing and bug bounties
- 2 Million Union coin will reserved for the initial investors
Roadmap
TEAM
developing the UNION platform to serve its users and help them save money. Please read, whoever their team is through the link team below. So we understand a little bit, how they perform.
Advisor
Conclusion
Trust, as everyone says, is an important aspect of life to make connections and when connections can be used to run your business, the connections are worth it.
Unions have been doing the same thing from the beginning by telling people who have to be trusted and who are not part of their plans and building a platform to share the same beliefs and commitments. Because the team's mission is to improve individual financial inclusion using blockchain technology and is dedicated to doing so as well.
Because the team believes that Together we can, then join this platform and provide the initial idea of your business with the most confidence through UNION : Company, which you can trust.
For more details about our ICO you can also visit our website address below from me and thank you :
- Website : https://www.getunion.io/
- Whitepaper : https://www.getunion.io/Union_Whitepaper.pdf
- Telegram : https://t.me/UNI_Token
- Reddit : https://www.reddit.com/user/getunion/
- TWITTER : https://twitter.com/getunion
- GITHUB : https://github.com/getunion/union
- ANN THREAD : https://bitcointalk.org/index.php?topic=3123614.0
Author Article : Boyambon07
ETH : 0xE4Dcb7142A7fB9E3090059B69CedfEb88B2D2690
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