Chris ButlerICO team member replied on 17 Jun 2018
About URAllowance
The URAllowance platform has a two-sided user interface (parents and kids) with access to Family-Smart Contracts that are powered by the URA deposited by parents. URAPP will offer our proprietary URSuite of tools for parents to interact with while customizing the perfect financial plan tailored to their needs. Then parents can set tasks and goals for their kids. When these tasks are completed or the goals are met, the Family-Smart Contract releases the funds to the kid's wallet. The kids then have many options for spending or saving or increasing their earned money.
We found a huge hole in crypto that was the same exact shape as URAllowance. The kids up to this point have been largely overlooked. After all the research into the markets and the scouring of consensus reports and survey data, we found a rather large untapped marketization opportunity. Allowances are just the start. 41 billion on average is paid out in allowances every year in America alone. Now it might seem a bit strange to bring a third party like URAllowance into an already decentralized transaction between parents and kids. Not to us though. We see the ineffectiveness in the current structure of allowances. We will fix it by getting the whole family involved and hold everyone accountable for their part. Aside from that, there is a trillion dollar speculative market that has recently opened up over the past 15 years. Women entering the higher paying workforce has left many household jobs needing to be filled. I have all the data cited in the whitepaper regarding this new market that is waiting for a few smart companies to come in and stake their claim. We will be one of them.
