UMKA REVIEW. — SteemCN

The blockchain is making great progress as more of it's potentials are being unleashed daily. So many ecosystem are taking their business to the blockchain, and this is because of it's fast transactions, secure network etc. The blockchain is able to do this due to a feature known as "smart contract" embedded in the blockchain technology. The labour market is also one of the ecosystem that is still growing in the market.

A labour market is an environment where employees and workers, communicate with one another and jobs are being given out from the employers/investors to the employees/freelancers. In the labour market, there is always competition between employers to hire the best, and the workers compete for the best satisfying job. The introduction of the Internet actually made the labor market to grow, because it went from offline that it used to be to going online, but even with this development, the labour market continues to face some issues such as;

There is no any type of timely payment guarantee by both parties nor for a proper work performance.
High commission fees on the freelance platform market which currently ranges between 2.7% and 20% of the transaction amount.
Low transaction speed.
Difficulty in communication due to language barrier.
The use of only type of currency on the labor market which causes delay of making local payments.
Poor user cooperation etc.

The above mentioned problems limit investors/employees from becoming a part of the labor market thereby not making the market grow tremendously.

An ideal solution known as UMKA is designed to tackle and bring solutions to the above problems plaguing the labor market. With the UMKA platform, anyone can easily be a part of the labor market without any risks.
UMKA is a decentralized blockchain based platform, with a friendly user interface built to provide all of the qualities needed for a labor market. On the UMKA platform, employers, contractors, freelancers and Investors would be able to communicate directly with one another. The UMKA platform is based on the EOS blockchain, unlike the Bitcoin and Ethereum blockchain it is faster and highly secure against malicious cyber attacks.
One of UMKA's main aim is to create a great community of experts and provide them with the best place for work, personal growth and education. To make a secure transaction possible, UMKA will make use of a highly advanced technology known as Agile Smart Contract (Agile SC) technology. In order for easy and quick payments o the platform, UMKA will introduce the use of nine different cryptocurrencies and the major Fiat currencies for making payments and it's commission fee is as low 1% per transaction and all activity will be recorded on the blockchain to eliminate fraud.

The Agile Smart Contract with enable timely payment guarantee by both parties because all agreements will be negotiated and signed on it.

The UMKA platform will feature a Digital passport profile; this is where a freelancer's work experience, competence areas and professional work will be displayed on so that an employer won't have issues nor waste time in looking for a worker with the type of contract they want to present. After some time, UMKA will launch it's mobile applications which will be Android and iOS compatible.

UMK TOKEN
This is the internal cryptocurrency of the UMKA platform, holders of this token will have an internal wallet where they can view their token balances, receive and send tokens. The UMK token is an Ethereum (Erc20) based utility and security token and it gives it's owners the authenticity to pursue their own investment interests.
The continuous and widespread use of UMK tokens will boost UMKA platform economically and add more value to the tokens thereby providing liquidity to it's holders.

TOKEN INFORMATION
Token symbol: UMK
Token type: Ethereum [Erc20]
Total token created: 180, 000, 000
Token price: $0.1/UMK
Soft cap: $1, 000, 000
Hard cap: $10, 000, 000

TOKEN DISTRIBUTION
15% - Bonuses

10% - Team

10% - Reserve

5% - Bounty & airdrop

5% - Advisors

FUNDS DISTRIBUTION
45% - Marketing

16% - Research & development

12% - Reserve fund

10% - Community development

8% - Expenses associated with the ICO

5% - Remuneration for founders and team

4% - Operating costs