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Union

Ecosystem for Collaborative Savings and Lending

Ecosystem for collaborative savings, and lending, on Blockchain. 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.

3.1
2 1 expert rating
Benchy 2.6
Experts
4.0
5.0
4.0
View rating distribution
Ended
Token
UNI Token
Price in ICO
0.0450 USD
Country
Whitelist/KYC
KYC
ICO start
1st May 2018
ICO end
31st Jul 2018
More on ICO
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About Union

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.
 
Union Social Commitments
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.

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KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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