A REVIEW OF UMA CHIT FUND
The advent of the fintech industry has been a major advancement in the world of money and currency. The use of smartphones, tablets, laptops and other devices have been made possible by the fintech industry especially with the growing popularity of cryptocurrencies. This blog looks at how Uma will use a combination of the world's latest technologies, namely blockchain and cryptocurrency, to provide a safe and secure means of making and receiving payments.
Uma is an innovative crypto-decentralised hybrid p2p lending platform. It aims to help the unbanked and underbanked to borrow, lend, crowdfund, trade, make money online and make financial transactions on the Blockchain.
The company was founded in March 2018 with its headquarters in Singapore, Uma has successfully executed transactions of more than SGD$1 mln, for over 100 borrowers and lenders. Uma has the vision to become the global remittance, commerce and finance hub powered by Blockchain.
Uma is a new chit fund project, something like a Ponzi scheme, but different. Uma aims to decentralise the way we think about and use money. People from similar backgrounds tend to use the same financial services. Uma is trying to disrupt this by creating a platform where users can transact with each other without an intermediary.
Uma is a block chain based investment company. It combines advanced decentralized technology for digital money with advanced centralized technology for digital investment management. Uma's technology is based on the award-winning technology of the fintech company of its founder. Expanding on the idea of "Decentralized Technology" that is used in digital currencies like Bitcoin, Uma uses the decentralized technology of the block chain for digital money to decentralize the management of digital investments.
I believe we at Uma will create a decentralized ecosystem in the field of finance and banking. This is a very general and wide area and we can change and decentralize the traditional financial and banking system. We will also create a new type of asset that can be traded through Uma platform and this asset is called Uma token.
THE BLOCKCHAIN TECHNOLOGY
Blockchain is a technology that can disrupt a number of industries. One of the industries it is set to be a disruptive force in is the investment space. As a result, a number of fintech companies have been established to bring the benefits of blockchain technology to the chit fund industry. In this blog we'll look at some of the ways blockchain can help small investors to get better returns from the chit fund industry.
Blockchain has only just begun to disrupt the typical business models in the financial sector, and it's already making waves. However, blockchain's effect on other industries, like the chit fund business, is only just beginning. The decentralised, secure ledger that is blockchain can be used to manage chit fund business in a significantly more secure way. This blog on Uma will look at the potential use of blockchain in the chit fund business.
UNIQUE FEATURES OF UMA CHIT FUND
Some features of our platform:
Convenient and Fast: Uma will provide a very fast and efficient way of money transfers globally and also in India. We will provide a feature of quick money transfers through using a phone number of the receiver.
It provides for the community to invest in their future with ease. Uma is a peer-to-peer platform that enables everyone to participate in the crypto economy. The platform allows users to acquire crypto assets by leveraging their crypto assets in their wallets. By identifying this opportunity, the team behind the project created a platform where anyone can participate with minimal investment risk and gain access to the crypto world.
Uma is a smart contract platform that will allow users to create and invest in their own chit funds. The funds, which are called Uma Chits, will be fully decentralised and tradable on the blockchain. It is a bridge between traditional financial instruments and cryptocurrency. It aims to provide underlying technology for the fund-raising market, which is set to exceed $10 trillion in 2019.
Uma is a platform that enables users to invest in fintech. It allows users to become part of a global network of investors, directly contributing to the success of the projects they believe in by providing them with funding and getting a share of their profits. This way, Uma's vision is to help accelerate economic growth around the world through financial innovation.
Uma is a platform that allows users access to collateral-free loans. With Uma, anyone can get quick cash in the form of cryptocoins with minimal interest rates. You can also get instant credit on your crypto holdings without having to sacrifice any of your assets. It is a project which aims to bring the massive potential of blockchain technology and cryptocurrency to chit funds in India.
CONCLUSION
Uma is a platform where the user can get the Uma coins for free through easy tasks and surveys. The user can get the coins and can use the coins to invest in the crypto currency market. The crypto currency market is volatile and has the potential to earn you a big profit or a big loss. The platform offers the user a choice of different currencies and the user can choose the currency and invest in it. The currency can be either of the famous and established currency or the currency which is just emerging and has the potential to grow in the future. The currency can also be of new and upcoming blockchain. The currency of new blockchain has a lower rate and when the currency gains popularity in future, the user can sell it with a profit. The user can also invest the currency in the Uma platform and when the currency value rises in the market, the user can sell it with a profit. The investors will have the opportunity to earn the profit from the Uma platform in a new and secured manner.
Uma is a new decentralised blockchain technology designed to engage the chit fund industry, which is an existing financial structure in many countries including India, Bangladesh, Pakistan, Sri Lanka, Nepal, Indonesia, Vietnam, Cambodia, etc. It will be launched in early 2018. For more information, check out the Uma project Links:
https://www.facebook.com/umachitfund
https://www.instagram.com/umachitfund
https://www.twitter.com/umachitfund
https://www.reddit.com/user/UmaChitFund
https://t.me/umachitfund
https://steemit.com/@umachitfund
Author information:
Bitcointalk Username: Ifydon
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2968576
Prove of Authentication: https://bitcointalk.org/index.php?topic=5367109.msg58518858#msg58518858
Etheruem Wallet Address: 0x91CB89E7F0De0f5F37ecC7305FBeC954e32b72b6