UMA CHIT FUND-New platform in online transaction
ABOUT UMA CHIT FUNDS
Uma Chit Fund is an exclusive account finance band that manages, conducts, or supervises as foreman, agent, or in any other capacity. Uma Chit Fund private LTD is an online-based bill funeral bash registered under the description riches Act,1982. Uma Chit Fund is an expectations story of Rotating reduce and appeal Associations institute across the globe. It serves the country with one-sided commerce to banking amenities and gives them alternatives to savings and borrowing schemes. It is a non-government gang handled by concealed entities located in Maharashtra, India. The platform is enabled with smart contracts and render on hand countless bonus dignitaries in the center of high-level encryption, facts defense, and beyond judge against transparency. Chit Funds are beneficial for not simply large-scale industries but plus undersized industries that could do with economic cooperation to inflate their business.
ASPECT OF UMA CHIT FUND
Blending
Uma Chit Fund is not like the other bill finances projects in the sale for the reason that the platform is backed by the very well trending blockchain technology all along with the enabled smart contract.
Transparency
Uma Chit Fund would make available plump clearness which would allow the bill holders to obtain the accurate tab winner in apiece round. the lot that is stored against blockchain is hundred percent Immutable. in attendance would be nil to clandestine from the receipt holders and forever and a day be reserved updated.
Accessibility
Chit holders will take part in the reduction to access and participate in every encompassing from any device. The platform would encompass a compulsion to gear up up a two tread verification for the associate to participate in any bill round.
Mission
Uma account means set sights on fetching the principal and the as a rule trusted check store business across the globe. The sole mission of the platform will be to labor toward the economic escalation of its users or members.
Reliability
Implementation of blockchain and smart contracts on Uma check burial makes it very trustworthy and locked allowing for the entire surrounding aspects.
Affordability
Multiple rounds and receipt subsidize schemes will be launched on the platform making an allowance for the monetary side of all and every participant on the platform. The platform provides a chance to both and every addict to inception petite and build up big.
WORKING STRUCTURE OF CHIT FUND
The working structure of the Uma Chit Fund can be divided into two parts:
- Starting the whole chit amount on the platform in UCF coin as collateral
- Auto-Debiting system(which will be compulsory on the platform only if the participant fails to keep the whole chit amount in UCF on the platform locked as collateral)
TOKEN DEFINITION
Uma Chit Fund token(UCF) is an ERC-20 amenable symbol issued on the Ethereum platform. It is a useful proof on the Uma Chit Fund platform.
TOKONOMICS
Token details:
Total amount: 1,000,000,000
Private sale soft cap: $ 50,000
Private sale hard cap: $ 1,00,000
Public sale soft cap: $ 2,00,000
Public sale hard cap: $ 4,00,000
Token price: $ 0.1(equivalent in USDT,BTC, & ETH)
Token distribution
- Team: 30%
- Private sale: 10%
- Public sale: 30%
- Reserved: 27%
- Bounty and Marketing: 3%
ROADMAP
2019: Concept formation
2019: Whitepaper creation starting
August 2020: Website launch
2021: White paper finalized
April 2021: commencement of private sale round
December 2021: MVP released & marketing campaign
January 2022: commencement of the public sale and product testing
April 2022: Final product release
TEAM
- Rohan Kotkar-CEO | Founder | Treder/Blockchain consultant
- Ronak Surana- COO | Content manager
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For more information
Website: https://umachit.fund/
Facebook: https://www.facebook.com/umachitfund
Twitter: https://twitter.com/umachitfund
Telegram: https://t.me/umachitfund
Verification of authorship:
Your Telegram username: @star1929
Bitcointalk Username: ukboss
Profile Link: https://bitcointalk.org/index.php?action=profile;u=1104840
ETH Address: 0xfa1E836C13aE7F1CC889989277556F3F8C3DEA50