Intention to invest to make a profit but the uncertain world conditions make the results not as expected. Many financial services engaged in investment have suffered losses due to the political situation or current circumstances, namely the COVID-19 pandemic. It is not uncommon for core funds or chit funds to be eroded by losses. Reflecting on this experience, a non-banking financial institution in India under the RBI Act 1934 made an excellent innovation. The concept of a chit fund is like Kitty Party, but the part that is auctioned by a chit fund is not a lottery, Chit Fund provides financial support to large-scale industries and small industries.

How does the process work?

The perfect combination of Uma Chit Funds with blockchain technology will serve chit holders with unmatched transparency, scalability and several additional benefits for its members at maturity of each chit term period.
The Uma Chit Fund uses blockchain technology to combat fraud and fraud occurring in the chit sector, as well as to restore investor confidence that has been eroded. Everything that is stored on the blockchain is completely immutable, which means that it does not allow you to make any modifications to the data that has already been placed on the system. Data is stored in blocks, and blocks are immune to manipulation. Uma Chit Funds will allow you to deposit and borrow funds easily and provide other opportunities that are convenient and beneficial for members.

Uma will ensure that all their users who wish to subscribe to their investment service do not have to worry about losing their money due to internal conflicts within the Uma company or other reasons beyond its control as we offer 100% transparency and a no trust system and guaranteed refund policy.

Steps to win:

There are several steps you can take to increase your chances of winning using the Uma Chit Fund: First, make sure you fully understand the terms and conditions of the contract before you invest. Second, always be aware of the risks associated with any investment and never invest more than you can afford to lose. Third, diversify your investments to reduce overall risk. Fourth, track your investment portfolio and make adjustments if necessary. Fifth, always consult a financial advisor before making any major decisions about your investment portfolio. By following these simple tips, you will have a much higher chance of winning using Uma Chit Funds.

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#umachitfund #chitfunds #startup #blockchain #ethereum
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About UFC Tokens:

Uma Chit Token (UFC) is an ERC20 token issued on the Ethereum platform, a utility token on the Uma Chit Fund platform. Total supply amount is 1,000,000,000 UFC, token price at launch is $0.1 (USDT, BTC &ETH equivalent)

Conclusion

Chit holders will be aware of everything that is happening at all times, and they will be constantly informed about the current value of the chit pot, the number of borrowers for each round, loan interest rates, foreman fees, and so on. Chits holders will be charged a predetermined number of tokens for subscribing to each spin, with no additional fees or charges hidden from view. Before the players start playing in the chit round, each and every amount of money charged will be listed on the confirmation screen before the round.

Project Info:

• Web URL: https://umachit.fund/
• White Paper: https://umachit.fund/wp-content/uploads/2021/09/Whitepaper-v1.pdf
• Telegram URL: https://t.me/umachitfund
• Steemit: https://steemit.com/@umachitfund
• Reddit URL: https://www.reddit.com/user/UmaChitFund
• Facebook Link: https://www.facebook.com/umachitfund
• Twitter URL: https://www.twitter.com/umachitfund
• Instagram URL: https://www.instagram.com/umachitfund

About Columnist

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