*Union platform-based decentralized loansBlockchain*

Union platform-based decentralized loansBlockchain

HI GUYS, meet again with me here I will memnbahas about a very interesting project that is UNION

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.

OBJECTIVES Project

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 Features

Smart contracts that are binding and secure and secure contracts while monitoring platform platform work.

Decentralized that helps to work globally for all individuals.

Can be audited because it can be audited easily.

Encrypted so your data is safe and secure.

Transparent so that people can know what is really going on at ground level.

Vision Union

One of their Vision is to create a financial e-democracy ecosystem for individuals occupied and without bank accounts, on blockchain technology while utilizing trust, commitment, and social capital. With social capital, we mean we will be useful in shaping the economic and cultural capital in where social networking is the key, reciprocal transaction processes, based on trust, and working together, and market agents create goods and services. Social capital is an economic scheme utilizing the economic value of connections between individuals and organizations. The social network itself, which includes individuals who trust and help each other, can be an asset to that effect. And if we catch a glimpse of their vision, it is very clear, if they will lead to the next time, with a view of past events.

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.

About Union Mission

To improve individual financial inclusion by utilizing blockchain technology. We will do this by removing inefficiencies in existing systems, and automating different processes of loans and loans. United will focus on developing a portfolio of financial products that will use the social capital and trust of an individual.

Union Pool (Unl Pool) / Collective Investment Schemes

Decentralized Platform for Collective Investment Schemes. Smart contract to automate the process of saving and loan among trusted friends.

Union Social Commitments (USC)

Individuals in the platform can make a commitment contract, and upon successful completion of the contract, individuals can receive a positive score on their social status.

Union Lending Authentication (ULA)

Algorithms for calculating social standing scores based on various factors such as participating Union Pool timely payments, meeting union social commitments, social media accounts, etc.

Union Advances (UA)

Smart contract to automate the entire billing discount process. Individuals who discount their own company's bills or on behalf of the company, will be able to increase their social standing score in the Union to get better loan terms, and discounts.

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)

Maximum Token Amount ~ 200.000.000

Sales Start Date Token ~ 01-05-2018

Ended Sale Date Token ~ 31-07-2018

Maximum limit ~ $ 5,000,000

Token Rate (1 UNI) ~ $ 0.03125

Currency Received ~ BTC, ETH,

Minimum Contribution of LTC ~ 0.1

Type of Contract ETH ~ ERC20

Bonus Program ~ Yes

Bonus Program

Conclusion

Trust as everyone says is an important aspect of life to make connections and when connections can be used to get your business to work, then the connection is worth it.

The Union has been doing the same thing from the beginning by telling people who to trust and who is not with their projects and building a platform for sharing the same trust and commitment. Because the team's mission is to improve individual financial inclusion by utilizing blockchain technology and is dedicated to doing so as well.

Because the team believes that Together we can, then come and join this platform and give your business the initial idea with the most trusted through UNION: Company, which you can trust.

TEAM