REGARDING OF UMA CHIT FUND
Uma Chit Fund is a Private Chit Fund company LTD. which manages, conducts or supervises as foreman, agent or in any other capacity. Uma Chit Funds private LTD is an online - based bill cash set registered under the receipt finances Act,1982. Uma Chit Fund is an cutting edge kind of Rotating discount and confidence Associations bring into being across the globe. It serves inhabit with partial entrance to banking conveniences and gives them get into to savings and borrowing schemes. It is a non-government party handled by secretive entities located in Maharashtra, India. The platform is enabled with smart contracts and afford numerous extra countenance between with above what is usual encryption, information safety and unsurpassed transparency.
APPEAR OF UMA BILL fund
Blending
Uma Chit Fund is not like as the other bill assets projects in the bazaar for the reason that the platform is backed by the amply trending blockchain technology all along with enabled smart contract.
Transparency
Uma Chit Fund would endow with detailed clearness which would allows the tab holders to catch the obtain tab winner in both round. all that is stored against blockchain is hundred percent Immutable. nearby would be nil to secreted from the account holders and continuously be kept back updated.
Accessibility
Chit holders will exhibit the lessen to access and participate in all cycle from any device. The platform would comprise a compulsion to fix up a two movement verification for the element to participate in any account round.
Mission
Uma Chit Fund direct at appropriate the foremost abd the mainly trusted bill savings account troupe across the globe. The sole mission of the platform will be to design toward the fiscal growth of its users or members.
Reliability
Implementation of blockchain and smart contracts on Uma account cash makes it decidedly steadfast and fasten down bearing in mind each and every one the surrounding aspects.
Affordability
Multiple rounds and bill back schemes will be launched on the platform in view of the fiscal look of both and every participant on the platform. The platform provides an break to apiece and every consumer to flinch lesser and foster big.
TOKEN DEFINITION
Uma Chit Fund token(UCF) is an ERC-20 meeting the requirements symbolic issued on the Ethereum platform. It is a benefit coupon on the Uma Chit Fund platform.
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 finalised
April 2021: commencement of private sale round
December 2021: MVP released & marketing campaign
January 2022: commencement of public sale and product testing
April 2022: Final product release
TEAM
- Rohan Kotkar-CEO | Founder | Treder/Blockchain consultant
- Ronak Surana- COO | Content manager
PROCEDURE OF CHIT FUND
There would be multiple Chit rounds released every month within a specific time period (maturity time), Chit amount etc.
In each round, The following activity would be occurred :
Round 1: Fixed deposit into the Funds smart
Round 2: Application of prior sanction letter
Round 3: Formation of the Chit group
Round 4: Certificate of Commencement
Round 5: Chit auction
Round 6: Payment disbursal to the winner of the Chit round
Round 7: Distribution of dividends among the Chit holder
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: @uluckym7
Bitcointalk Username: Luckym7
Profile Link: https://bitcointalk.org/index.php?action=profile;u=1327929
ETH Address: 0x73D9EE1804eb9c0E2ee8B74B70af7c480B6e5b6a