UNION

Cintashany01

UNION - Blockchain Collaboration that saves ecosystems.

Hello, Before we get into a discussion over the UNION ICOs, it is important to have some historical context for how the ICO work.

An Initial Coin Offering, also commonly referred to as an ICO, is a fundraising mechanism in which new projects sell their underlying crypto tokens in exchange for bitcoin and ether. It’s somewhat similar to an Initial Public Offering (IPO) in which investors purchase shares of a company.

ICOs have quickly become a dominant topic of discussion within the blockchain community. ICOs are easy to structure because of technologies like the ERC20 Token Standard, which abstracts a lot of the development process necessary to create a new cryptographic asset.

Union is an Indian company targeting Indian market, of approximately 400 Million Millennial, and market size is around 200 Billion USD. However, given the public ledger system of our blockchain technology, the platform is available for use by lenders all over the globe.

Union has established expertise in offline community lending system and as well in generating online ifnancial services in the lending sector. We want to take our services to another level to give the users our platform the best possible experience by leveraging the power of blockchain technology and smart contract system to improve the peer-to-peer lending process.

Union first initiative is to put Collectively Investment Schemes, also known as trusted lending circle, or Rotating and Savings Credit Association (ROSCA) on blockchain. Collectively Investment Schemes is used around the world to lend and save money within communities, to support each other financially.

As the existing Collectively Investment Schemes work on silos within the separate communities, traditionally it is very hard to leverage the reputation and trust outside of one's trusted circle. With Union social capital gained can be utilize across the platform, as the solution is decentralized, transparent, secure and auditable. This will help us in creating an ecosystem of financial products, which users can avail, based on their reputation.

Vision:

Union's vision is to utilize trusts, commitments, and social capital to create a democratic financial ecosystem on block-chain technology for banked and unbanked individuals.

Union Pool:

A decentralize platform for Collective Investment Schemes. Smart contract to automate saving and lending process amongst trusted friends.

Individuals within the platform can create a commitment contracts, and upon successful completion of the contract, individuals can receive a positive score towards their social standing.

Target Customer:

India's Millennial population ~400 Million.

Union Lending Authentication (ULA):

Algorithm to calculate the social standing score based on various factors such as timely payment of previously participated Union Pool, fulfilled union social commitments, social media accounts, etc.

Union Advances (UA):

A smart contract to automate the entire process of bill discounting. Individuals discounting their own company's bill or on behalf of the firm, will be able to leverage their social standing score in the Union to get a better borrowing terms, and discounts.

ICO Detail

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

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 ETH 25,000 UNI

Token Accepted BTC, ETH, LTC

Minimum Amount 0.1 ETH

Contract Type ERC20

ICO Structure

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

Bonus Program

Roadmap

Tell us about the project, but it can not be avoided with the name of the team. The team has always been an important factor in the success of the project and the members of their team, because their team is supported by an experienced consultant who decided to develop the UNION platform to serve their users and help them save money. Please read, some team of them through the link group below. So we understand a little how their performance is.

TEAM