UNION ICO

We all need help at some point in our lives. And, in the case of financial aid, banks and financial institutions are the answer. They are the goals of people who need financial help and many other services. But, getting a loan from a bank is a difficult exercise for most of us. Centralized banks have been interested in making a profit rather than helping people have financial opportunities.

A long list of agents and agents is another problem in getting a loan from a bank. They charge high commissions to provide their services to people. Duplicate efforts and potential fraud are some of the many problems associated with the banking system today. What do you think is the solution for this system? Are there alternative systems where people can easily get financial help without wasting their time?

Solutions on offer (https://www.getunion.io/)

UNION is developing solutions for the lending industry by creating a P2P lending and lending model based on blockchain technology. Decentralized platforms will provide transaction security and transparency. Cryptocurrency and fiat currencies can be used for lending purposes on the platform. The first product offered by the team is called the UNION Pool / collective investment scheme where smart-based contract schemes are automatically run for people. It helps in building social capital. The second product offered by the company is called UNION Social commitments where users can make a commitment contract and get a positive score upon completion of the contract.

This helps in developing trust among platform users. The third product offered by the team is UNION Lending authentication where individual feasibility is analyzed and assessed. Algorithms are designed for this purpose that assess individual credit ratings based on many factors. Loan leniency, efficiency improvement, timely completion, transparent system, lower operational costs, financial inclusion with digital identity and lower platform maintenance and overhead are some of the many quality platforms.

ICO INFORMATION AND TEAM
200.000.000 UNI Token was created for a project where 160 million tokens will be sold through crowdsale. Token sales will begin on May 1, 2018 and continue until June 29, 2018. Funds collected from ICO will be used for platform development. The team working on the project is determined to develop a decentralized lending platform.

Conclusion
Traditional markets for borrowing and borrowing are very inefficient and time-consuming. People who need money have no choice but to take advantage of the services of banks and financial institutions. One of the biggest challenges for India's financial ecosystem is the influx of 145 million households into the banking system. The banks have very low penetration rates in many parts of India.

Due to advances in technology and growth in mobile adoption, it seems that the total financial inclusion of Indian population will occur in the near future. I think they have a very big market and with the right approach and product, they can reach a higher scale. What do you think is another solution, which can be applied in the context of India's financial ecosystem?

FOR YOUR COMPLETE INFORMATION YOU CAN VISIT THE LINKS BELOW:

Website: https://www.getunion.io/

Technical documentation: https://www.getunion.io/Union_Whitepaper.pdf

Twitter: https://twitter.com/getunion

Telegram: https://t.me/UNI_Token

Creative: agusomen

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ETH: 0xf65BB1DD453066a8705fc931a48C40f00Ce979D4