UNION
Why Union ?
At Union, we believe that every individual or organization with a need for liquidity and with the ability to repay should be able to save collaboratively without much hassle and friction. However the current model or the traditional financial system, suffers from following disadvantages:
Inefficient and Time Consuming
Typically process takes 4-5 days to finish given the borrower has a credit history available and a good credit score. The borrower is derived of his working capital till the time his documentations are verified, and this being a manual process, is extremely inefficient and time consuming.
Costly Intermediaries
Banks or agents levy hefty service charges or transactions fees against the amount which creates further friction in the ecosystem as well as makes financial institutions lose their competitive advantage.
Increased Chances of Fraud
As the application moves through the entire lifecycle of transaction the chances of fraud or documentation tampering increases. It may further lead to funds being disbursed to the wrong entity as well as the chances of fraudsters exploiting the ecosystem increases.
What is Union ?
Union is a blockchain collaborative savings platform which connects individuals and organisation from all across the world in a trusted, frictionless ecosystem, and allows them to create and utilise diverse disintermediated financial products and solutions. Leveraging the blockchain technology as well as ethereum based smart contracts we have created a solution which is:
Faster access to capital
Our robust scoring and rating system makes sure that the funds are sent instantly in a completely transparent and secure manner to individuals or SME’s.
No Costly Intermediaries
Union removes any costly intermediaries from the process and allows individuals and organizations to connect directly and enter into a mutually agreed transaction.
Union Product Offerings:
Union Pool
A decentralize platform for Collective Investment Schemes. Smart contract to automate saving and lending process amongst trusted friends.
Union Lending Authentication (ULA)
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 Social Commitments
Individuals within the platform can create a commitment contracts, and upon successful completion of the contract, individuals can receive a positive score towards their social standing.
Union Advances (UA)
A smart contract to automate the entire process of bill discounting. Individuals discounting their own company's bill or on behalf of the firm, will be able to leverage their social standing score in the Union to get a better borrowing terms, and discounts.
Meet Our Team
Kamal Anandani
CEO
Amitesh Sahu
CTO
Nikisha Biyani
Solution Architect
Prakash Verma
Marketing and Communications Head
Girish Nayak
Digital Marketing
Kaushalpal Singh
Product DevelopmentOur Advisor
Joe Goh
University of Oxford alum. Joe is senior manager at PwC Malaysia. He is working under the Technology (Advisory) Line of Service, which has a portfolio of expertise to deliver a full range of technology-led services
Virender Singh
Virender Singh is SAP service delivery manager at TCS U.S. He has over 12 years of international IT project management experience in delivering transformational business-driven technology solutions for clients. A blockchain enthusiast, Virender is solving business problem using blockchain.
Chris Jin
CFA, MBA in Finance, MA in International Business. Financial product expert. Previously held positions, treasury in Ford Motors, and Investment Manager in China construction Bank. Chris is advising Union team on product development.
Peter Roth
MBA in Finance. Peter’s background is in commodities trading and agriculture, who currently manages the blended swine product portfolio for United Animal Health.Peter is advising Union team on marketing and customer engagement.Roadmap
Our Papers
MVP
Dashboard for all UnI Pool (Manufacturer View)
Create and Monitor all active Pool from single dashboard
Single UnI Pool View (Manufacturer View)
Track distributors' current and previous pool status
Dashboard for all UnI Pool (Distributor View)
Monitor all active Pool from single dashboard
Single UnI Pool View (Distributor View)
Track the active UnI Pool and make periodic contribution
ICO Structure
Token Distribution Breakdown
| Crowd Sale | 80% | |
| Union Team | 10% | |
| Marketing Expenses | 8% | |
| Testing and Bug Bounties | 1% | |
| Initial Investors | 1% |
Funds Allocation
ICO Information
| Token Name | UNION (UNI) |
| Max Number Of Tokens | 200,000,000 |
| Token Sale Start Date | 01-05-2018 |
| Token Sale End Date | 31-07-2018 |
| Maximum Cap | $5,000,000 |
| Token Rate | 1 UNI = ~$0.03125 |
| Token Accepted | BTC, ETH, LTC |
| Minimum Amount | 0.1 ETH |
| Contract Type | ERC20 |
| Bonus Program | Yes |
Bonus Program
ICO Listings
As Seen On
Frequently Asked Questions
-
What is Token Sale?
Token Sales is an event in which a new blockchain project sells part of its token to early adopters and believer in company's mission, in exchange for funding. It has become a well-respected method to raise fund to start or scale a company. The token sale participants are invested into the project and provide long-term support for the company.
-
Why Token Sale?
Offering a token instead of traditional venture capital round enables individuals who believes in the Union's vision, to participate in success story, rather than handful of investors. Early adopters, and individuals who participated in the taken sales will act as an evangelist for the platform, and fueled the built-in network effect of the Union products.
-
When and where token sale will take place?
The Token sale will be starting from 1st of May to 31st July 2018 or when our targeted funding value of 5,000,000 USD is reached, whichever is the earlier.
Token Pre-Sale : There will also be a pre-sale of the UNI tokens before the said launch date, also know as Pre-Sale. People participating the Pre-sale will be entitled to specifics discounts in the form of additional discounts, as per the agreement. This will be a invitation only basis, however there will be minimum number of tokens need to be committed to be qualify for the pre-sale. -
How can I participate?
First, please register on this website to get approved through our Anti Money Laundering (AML) and Know Your Customer (KYC) procedures. This usually takes a few hours. Once approved, you may support the development of our project using either of the 3 payment channels (ETH, BTC and LTC).
-
How will tokens be sold?
The UNI token creation process is organized around smart contracts running on Ethereum. Participants willing to support the development of our project can use the 3 payment channels (ETH, BTC and LTC). Union Tokens (UNI) will be created at the end of the crowd sale at the rate of 10,000 UNI per 1 ETH.