UNION: Bill discounting platform on Blockchain- Peer-to-bussiness market-place

The financial sector is leading the way in block chain and digital assets in today’s world whereby making the digital economy block chain technology keeps on developing in the way businesses are been handled. The use of Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies offering friction-less transactions and inflation control because of these, industries need to build bridge between traditional and emerging asset classes by making experiences traders to team up with experienced developers to build this bridge. The Union project play a significant role in unlocking the blockchain technology potential for community-based lending and savings on trust and social capital. before i take you further on this project lets take a look at this video below…….

https://youtu.be/vxchbQzljbE

UNION
Union is a decentralized peer-to-peer lending and savings marketplace platform, which connects borrowers and lenders from all over the world in a trusted, fast and uncomplicated manner leveraging the benefits of Smart Contracts and Blockchain technology. it is an Indian company targeting Indian market, of approximately 400 Million Millennial, and market size is around 200 Billion USD.
Union has established expertise in offline community lending system and as well in generating online ifnancial services in the lending sector. We want to take our services to another level to give the users our platform the best possible experience by leveraging the power of blockchain technology and smart contract system to improve the peer-to-peer lending process.

Union first initiative is to put Collectively Investment Schemes, also known as trusted lending circle, or Rotating and Savings Credit Association (ROSCA) on blockchain. Collectively Investment Schemes is used around the world to lend and save money within communities, to support each other financially.

GOAL
The Union project aims to provide an alternative decentralized lending solution to individuals and small businesses with the use of the innovative blockchain technology. The Union Blockchain lending platform supports both Cryptocurrency and fiat money.
They helps in Creating a large, peer-to-peer financial institution that makes use of machine learning to tackle the high-priced lending issues within conventional financial organizations. Union in this manner, hopes to directly address the needs of the 21st century financial services consumer.
Make lending easily accessible for those who need liquidity and have the ability to repay.

VISION
To create an e-democratic financial ecosystem for banked and unbanked individuals, on blockchain technology while making use of trusts, commitments, and social capital.

MISSION
Our mission is to improve the financial inclusion of the individual by leveraging the blockchain technology. We are going to do this by removing the inefficiencies in the existing system and automating the different processes of lending and borrowing.

PROBLEMS

Time-consuming process
Intermediaries Fees
Potential of fraud
Duplication of effort

SOLUTION
Instant transaction settlement
Fraud proof transactions
No Intermediaries
Trusted and secure
Speedy Loan Approval
Decentralized and Anonymous
Real time transaction tracking

BUSINESS MODEL

Union will operate as SaaS(Software-as-a-Service) and PaaS (Platform-as-a-Service) and sell our services using a subscription model. Union will create a platform and customer would pay Union subscription fees to use its platform and services. All B2C products in Union would be free of cost. Union will make money through its enterprise engagement. Customers pay a fixed amount each week, month or year, and receive an agreed-upon service in return.
For our customers, it provides a convenience and more manageable recurring pricing, so expenses can be budgeted. For Union, it means regular recurring sales (a smoother flow of revenue). To better serve our customers, there are various options through which customer can engage with Union, apart from long term contracts for better deals, customer can also opt for:

Short term contracts
Pay per use

TOKEN SALES AND ICO
The Token Sale is an innovative crowd-funding model that allows startups to sidestep traditional early seed investment. During token sale events, a new crypto currency project sells part of its crypto currency to early adopters and believers 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 Union (UNI) Token is a token on Ethereum platform. It is ERC-20 compliant, and follows widely adopted token implementation standards. Ethereum is a popular cryptocurrency and blockchain system based on the use of tokens, which can be bought, sold, or traded. The ERC-20 defines a common list of rules for all Ethereum tokens to follow to accurately predict how new tokens will function within the larger Ethereum system.
The token sale will start from 1st May 2018, and you can be a part of this saving platform very easily and conveniently. The token sale will use UNION tokens to make transactions in the token sale event. In the month of July, the token sale will be over.

TOKEN DETAILS
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

Currencies Accepted — BTC, ETH, LTC

Minimum Contribution — 0.1 ETH

Contract Type — ERC20

Bonus Program — Yes

UTILITY TOKEN DISTRIBUTION
Eventually a steady state is reached where platform resources will be supported though the fees generated within the platform, a token is needed to secure necessary funding to development and support a robust platform.
• 160 Million Union coin will be sold to the participants on crowd sale
• 20 Million Union coin will be reserved for Union team
• 16 Million Union coin will be reserved for future marketing expenses
• 2 Million Union coin will be used to testing and bug bounties
• 2 Million Union coin will be reserved for the initial investors

UNION TOKEN
Union token is a customized and decentralized token designed by crypto lending professionals. We encourage
interested investors to be part of the token sale event as we offer bonus to those who invest during the first two
weeks of ICO.

REASON FOR UNION TOKEN ARE:
• It will act as a token for users to participate in the Collective savings schemes
• It will also act as a token for UnI Pool organizer to get his/her commission
• Platform fee is also changed in token
• It is extremely important to maintain consistent standards and to instill confidence in users on our platform
• It will also act as an incentive/referral to new users to sign-in during promotional event
• It will also open up new opportunities to create exciting new revenue streams

USE OF PROCEEDS