Website

Union (UNI)

ICO

Last updated: Apr 21, 2019

Union is a blockchain collaborative savings platform which connects individuals and organisation from all across the world in an ecosystem, and allows them to create and utilise diverse financial products and solutions.

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Overview

Project industry	Finance Services & Banking
Product type	Platform
Whitepaper	Open

What is Union

Union offers four key products:

Union Pool is a decentralize platform for Collective Investment Schemes. Smart contract are used to automate saving and lending process amongst trusted friends.

Union Social Commitments: individuals within the platform can create commitment contracts, and upon successful completion of the contract, individuals can receive a positive score towards their social standing.

Union Lending Authentication (ULA) is an algorithm to calculate the social standing score based on various factors such as timely payment of previously participated Union Pool, fulfilled union social commitments, social media accounts, etc.

Union Advances (UA) is a smart contract set designed to automate the entire process of bill discounting.

Details

Public sales: May 01, 2018 - Jul 31, 2018
Token supply: 160,000,000
Soft cap: 1,000,000 USD
Hard cap: 5,000,000 USD

Legal

Registration country: India
Registration year: 2018

Token info

Ticker: UNI
Type: Utility-token
Token price in USD: 1 UNI = 0.03125 USD
Accepted currencies: ETH, BTC, LTC
Bonus program:
ICO 1st day - 50%
ICO 1st week - 15%
ICO 2nd week - 10%
ICO 3rd week - 5%
Token distribution:
80% - token sale
10% - team
8% - marketing expenses
1% - testing and bug bounties
1% - initial investors
Funds allocation:
40% - platform and product development
25% - infrastructure and licenses
12% - marketing expense
12% - overhead costs
7% - testing and bug bounties
4% - contingency