About Union
Union is a collaborative blockchain savings platform that connects individuals and organizations around the world in a frictionless, fractional ecosystem, enabling them to create and use a variety of non-intermediated financial products and solutions. The use of blockchain technology and our intelligent contracts based on ethereum have created solutions.
Union has established its expertise in the offline community lending system and also in the generation of online financial services in the credit sector. We want to take our services to the next level to give our platform users the best possible experience by leveraging the power of blockchain technology and the intelligent contract system to improve the peer-to-peer lending process.
The first initiative of the Union is to collectively put Investment Schemes, also known as the trusted lending circle, or the Revolving Credit and Savings Association (ROSCA) into blockchain. Collectively Investment Schemes are used worldwide to lend and save money within communities, to support each other financially.
As existing Collective Investment Schemes work in silos within separate communities, it is traditionally very difficult to take advantage of reputation and trust outside one's circle of trust. With the social capital of the Union gained, it can be used throughout the platform, as the solution is decentralized, transparent, secure and auditable. This will help us to create an ecosystem of financial products, which users can take advantage of, based on their reputation.
Mission
Improve the financial inclusion of a person using blockchain technology. They intend to do this by eliminating inefficiencies in the existing system and automating the various loan and loan processes. Union will focus on developing a portfolio that will utilize social capital and human trust.
Objectives of the Project
The EU project aims to provide an alternative solution for decentralised lending to individuals and small businesses using an innovative technology chain. The Union Blockchain payment system is compatible with both encrypted currency and cash.
Characteristics of the Platform
- A smart contract, which is a binding contract and is secure, while controlling the main work of the platform.
- Decentralized, which helps you work globally for all people.
- Audited because it can be easily verified.
- Encrypted to ensure your data is secure.
- Transparent so that people can know what is really going on at ground level.
How does it work?
Union is a block-based platform that works primarily with its four products
Union Pool: in principle, it is a decentralised platform for collective investment schemes. The schemes will be executed through intelligent contracts to automate and preserve the credit process. It will have all the functions of chit chatting, financing, bidding and allocation projects, while overseeing the entire operation of the platform effectively.
Allied social obligation. It operates on the basis of the social rating that is provided to the individual platform after the completion of an intelligent contract. More confidence, more people will have to invest in your idea. The more the connection will be used in the future.
Leading-union authentication: also works on the basis of classification, which is provided on the basis of the user's dignity on the platform, which includes timely payment of other plan funds, other projects and their social accounts. More points of trust will make it more likely that people will trust the individual, and after that they can establish their connection outside their circles.
The union is moving forward: a person who owns a business, when once they receive a credit score and gain confidence, then they can make their own smart contracts that will be fulfilled by the people. Because it is decentralized and democratized, everyone can participate in it, which increases the possibilities for business growth accordingly.
About Token and ICO
Symbol: UNI
Total supply of tokens: UNI 200,000,000,000
Tokens on sale: UNI 160,000,000,000
ICO Period: May 1 to June 29, 2018
Coins accepted: BTC, ETH and LTC
Minimum Purchase: 0.1 ETH
Links
Website: https://www.getunion.io/
Whitepaper: https://www.getunion.io/Union_Whitepaper.pdf
Twitter: https://twitter.com/getunion
Telegram: https://t.me/UNI_Token
Bitcointalk: https://bitcointalk.org/index.php?topic=3123614.0
Bitcointalk Username: KidsJamanNow
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1308879
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