Hello everyone in this article I will present an interesting ICO analysis, called Union, based on some of the following criteria:
At Union, we believe that any individual or organization with a need for liquidity and ability to pay must be able to store collaboratively without much hassle and friction. However the current model or traditional financial system, suffers the following losses:
Inefficient and Consuming Time
The process usually takes 4-5 days to finish considering the borrower has a credit history available and a good credit score. The borrower comes from his working capital until the documentation time is verified, and this becomes a manual process, very inefficient and time-consuming.
Banks or agents charge a large service fee or transaction fee against the amount that creates further friction in the ecosystem as well as make the financial institution lose their competitive advantage.
Increased Likelihood of Fraud
As the app moves through the entire life cycle of a transaction, the likelihood of fraud or documentation increases will increase. This may further cause the funds channeled into the wrong entity as well as the possibility of fraudsters exploiting the ecosystems increases.
What is Union?
Union is a collaborative blockchain saving platform that connects individuals and organizations from around the world in a fractional, frictionless ecosystem, enabling them to create and utilize a variety of disintermediated financial products and solutions. Utilizing blockchain technology as well as our smart ethereum-based smart contracts have created solutions that:
A fully automated blockchain ecosystem for instant transaction settlement.
Faster access to capital
Our strong scoring and rating system ensures that these funds are delivered instantly in a transparent and secure manner to individuals or SMEs.
No expensive middlemen
The Union eliminates costly intermediaries from the process and allows individuals and organizations to connect directly and enter into mutually agreed transactions.
Union Product Offer:
Decentralized Platform for Collective Investment Schemes. Smart contract to automate the process of saving and loan among trusted friends.
Union Lending Authentication (ULA)
Algorithms for calculating social standing scores based on various factors such as timely payments from participating Union Pool, fulfilling union social commitments, social media accounts, etc.
Social Commitment Union
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 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.
- Name Token UNION (UNI)
- Max Token Number 200,000,000
- Start Date Token Sale 01-05-2018
- End Date Sale Token 31-07-2018
- Maximum limit of $ 5,000,000
- Token Rate 1 UNI = ~ $ 0.03125
- Token Received BTC, ETH, LTC
- The minimum amount is 0.1 ETH
- Type of Contract ERC20
- Bonus program ya ya
- Q1 2018 Pre-Sales to Investors
- 1st May 2018 Launch of ICO
- 24 Hours First Bonus 50%
- First week 15% Bonus
- Second week Bonus 10%
- Third Week 5% Bonus
Development Plan & Road map
Union team will use the fund raised through the crowd sale of UNI tokes to develop the foundational platform and financial products, providing innovative solutions to people in our Union ecosystem. Our main strategy is to develop a robust platform where individuals participate in various schemes and products. Increased expertise in the development of the platform will in turn help us in creating more sophisticated products for our community.
Development of foundational platform and MPV of our first product “Community Investment scheme/ Union Pool (UnI Pool)” has already begun. The scale and sophistication of the product, and future development depends on the amount raised during the crowd sale. The more support we receive from our campaign, the faster we will be able to build an entire ecosystem, and deploy products, covering more risks, and creating more features.