Abstract

Cryptocurrency is an alternative payment system developed by Satoshi Nakamoto to be a solution for today's traditional payment systems which have too many problems such as manipulation, not being transparent, and also cannot be used today. Cryptocurrencies offer various features which are very suitable for modern times such as faster, transparent, unlimited, anonymous, low-fee payments, and various other benefits.

Cryptocurrency is very suitable to be used in various sectors around the world. For example, in banking, cryptocurrencies can be used to create a more inclusive and flexible financial ecosystem for everyone. Because of this, Uma Chit Funds uses cryptocurrency to create a more modern and innovative financial institution for users. Uma Chit Funds is a financial institution that initially used a traditional system, but after seeing the features offered by cryptocurrency Uma Chit Funds was interested in adopting this protocol. With Uma Chit funds users can get a savings and loan service, where users can get a loan or contribute a certain amount of money and then profit from it. This is a modern and innovative savings and loan service.

Revolutionizing Saving Cum Borrowing

Cryptocurrency and blockchain are the right combinations to create an inclusive and modern financial system for everyone. With the existence of cryptocurrencies and blockchain, it reflects being able to create a financial institution that is more transparent, honest, decentralized and also profitable for all participants. Nowadays it is not easy to be able to implement blockchain technology in financial institutions. Developers can easily use the various resources provided to be able to create a blockchain-based platform, for example, developers can use chains such as Ethereum or BSC. Seeing this, Uma Chit Funds will present an inclusive and profitable financial platform for everyone based on blockchain technology. Later users can get access to a savings and loan service that allows users to be able to contribute or get loans more easily and quickly.

By adopting blockchain technology it is possible for Uma Chit Funds to be able to present a financial platform that is more transparent and secure for all participants. Users can make various transactions or contribute a certain amount of money without worrying about their security because blockchain technology has proven reliable to be implemented in financial institutions globally.

Uma Chit Funds Features

Uma Chit Funds is an innovative and modern blockchain-based savings and loan platform. The features offered by Uma Chit Funds enable users to get financial services that are safer and more affordable than traditional banking services. Users can save their money and earn interest or get loans faster with Uma Chit Funds. But that's not all, there are several other features of Uma Chit Funds;

Using smart contracts : users don't have to worry about their transactions because Uma Chit Funds uses blockchain technology which includes a smart contract protocol that will secure all transactions from users and does not allow manipulation or hacking.
Intuitive Interface : the user interface is provided to be able to show users various information they need such as upcoming or pending EMI's, actual benefits, borrower's limit, etc.
Transparent : to maintain the trust of users, Uma Chit Funds provides services that are transparent and keep the distance as close as possible to users.

Tokenomics

The Uma Chit Funds platform allows users to easily own Uma Chit Funds native tokens. These coins, known as the UCF token, are native tokens from Uma Chit Funds and have various functions such as payments, fees, etc. Users can use the UCF token both on and off the platform because this token is based on ERC-20 which is supported by many digital wallets globally. This is a native token that will have an important function, especially in the development of Uma Chit Funds.

Uma Chit Fund token (UCF) is an ERC20 compliant token issued on the Ethereum platform. It is a utility token on the Uma Chit Fund platform.

Token Details:

Total amount: 1,000,000,000
Private sale soft cap: $50,000
Private sale hard cap: $5,00,000
Public sale soft cap: $1,00,000
Public sale hard cap: $10,00,000
Token price: $0.1

Roadmap

2019 : Concept formation
2019 : Whitepaper creation started
Q3 2020 : Website launched
2021 : Whitepaper V1.0 release
Q4 2021 : Commencement of Private sale round
Q1 2022 : MVP release and Marketing campaign starts
Q2 2022 : Commencement of Public sale round
Q4 2022 : Final product release

To Conclude

Blockchain technology and cryptocurrencies are very suitable to be implemented on global financial platforms. By adopting blockchain technology, it allows financial platforms to be able to provide a more modern and innovative financial service for everyone. And Uma Chit Funds is here as a blockchain-based savings and loan platform that allows people to save money and get loans more easily. Users can contribute to lending money to other users in need and return they will get attractive interest. And users don't have to worry because all their transactions will be secured with a smart-contract protocol that does not allow manipulation or hacking of transactions. Uma Chit Funds has a mission to be able to create a blockchain-based financial platform that is more innovative and modern for everyone.

ACCURATE INFORMATION

Website : https://umachit.fund/
Facebook : https://www.facebook.com/umachitfund
Twitter : https://www.twitter.com/umachitfund
Telegram : https://t.me/umachitfund
Instagram : https://www.instagram.com/umachitfund
Reddit : https://www.reddit.com/user/UmaChitFund
Steemit : https://steemit.com/@umachitfund

AUTHOR

Bitcointalk Username : erwin_ibrahim
Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1061924
ETH Wallet Address : 0xc33a8fD9c68F4fEe836E4F83FC8C1A483D318baF