Have you known a way of give access for world financial and employment elements? This is about it. Blockchain wide appeal is that it allows users to conduct transactions in an evolving, transparent and rapidly growing payment ecosystem of trading platforms, payment processors, e-wallets, and more, with increasing investment appeal. It is touted for both the speed and low (or no) cost of transactions. In addition, the public block chain protects users from double payments and chargebacks.
Unbanked(UBX)-The Introduction
There are no token offerings for international micro-financing based on our research. 1st Jan 2018, out of 126 banks, we could only find cryptocurrencies too generic or industry specific like migrant workers’ remittances. UnbankedX(UBX) participated in the Humaniq Global Challenge which was set up to unearth projects that were generating useful services, or to provide the ability to generate income remotely for people living in unbanked regions in the world using just a simple smartphone. UnbankedX was one of the winners of Humaniq Global Challenge 2017. Out of 600 ideas submitted ours were chosen to be the best and viable by Humaniq, a leading cryptocurrency company. UnbankedX(UBX) aim is to harness blockchain technology and the rise of smart mobile devices to empower a market of two billion people who currently do not have access to employment and financial services across the world. Almost half the world over three billion people live on less than $2.00 a day . At least 80% of humanity lives on less than $10 a day. More than 80 percent of the world’s population lives in countries where income differentials are widening. The world’s 2 billion Unbanked and Underbanked the Lack of access to banking services and financing. Conventional banking excludes them as they are considered not credit worthy. The cost of assessing credit risk and gathering the information does not justify the investment and resources. We made an effort to actually study our markets to valid their needs through an expedition to Africa in 2017. By combining blockchain, smart contracts, AI bots and mobile phone technology, we have developed the world’s first fully crypto robo financing platform. To ensure price stability and keeping the costs competitive, we will not be dependent on just one blockchain but many. Even future ones not yet conceived. Our interface is easy to use on both legacy phones and the latest smartphones. We use web, mobile app, mobile web, chat bots, voice bots and text bots to great effectiveness. By eliminating expensive IT, branch and human costs in managing finances and with our multi blockchain automated cost switching, we have achieved the possibility of the lowest cost service ratio and product offering to our markets. UBX utility tokens are fuel for the generation of personalized credit risk assessment and financing disbursed through crypto and mobile money.
UnbankedX(UBX)-Use Case
The same model is applicable to facilitate the direct buying and selling of goods and services from local producers such as rural farmers and the local merchants. Because trading can be conducted electronically using local currencies this enables better transparency in the movement of physical goods and money flow. In the existing situation where farmers are reliant on a middleman (or deliveryman) to sell and deliver their produce to the merchants, it is not uncommon for goods and cash pilferage to happen at this stage. Thus our proposed model ensures farmers are paid equitably and potentially helps achieve win-win outcomes for both farmer and merchant: Farmers can fetch a higher price from direct selling; and local merchants can purchase at a lower price from direct buying. The implementation opens up a plethora of new avenues in providing innovative inclusive financing capabilities previously not available or difficult to implement using the traditional approach. Besides issuing local currency tokens, can be used to issue tokenized assets. We target individual farmers on a stand alone basis or with collective responsibilities. Depending on the country, degree of development and underlying produce each market will exhibit different the produce could be sold directly or pooled for international markets. UnbankedX will lend directly and will have support of a local partner in monitoring and liaising with farmers on education and progress of their crop or farms (includes livestock raising or fishing).
The Tokensale Summery
Participants for pre token will be allocated 10% of all tokens issued. Primary Tokensale participants will be allocated 55% of all tokens issued. A part of these tokens will be used as bounties and digital media for marketing purposes. Advisers will receive 5% of all tokens for their insights and contacts to help succeed. The price of tokens will bid from USD 0.06 per token. This will be floated on decentralized exchanges for purchase In case not all tokens will be sold, the remainder will be distributed during a SCO (secondary coin offering) in the future. HARDCAP for all tokens is 200,000,000.
Why UnbankedX(UBX)?
- Usual financial structures are too costly for small accounts. With a fully automated system, we are able to overcome cost barriers and scale to the millions of users who have been neglected.
- Eliminating need for intense and costly credit assessment.
- Reducing cost of managing ledgers. Preventing corruption with immutability
Morover-UnbankedX(UBX)
The cost of assessing credit risk and gathering the information does not justify the investment and resources. We made an effort to actually study our markets to valid their needs through an expedition to Africa in 2017. By combining blockchain, smart contracts, AI bots and mobile phone technology, we have developed the world’s first fully crypto robo financing platform. To ensure price stability and keeping costs competitive, They will not be dependent on just one blockchain but many. Even future ones not yet conceived. Our interface is easy to use on both legacy phones and the latest smartphones. UnbankedX(UBX) use web, mobile app, mobile web, chat bots, voice bots and text bots to great effectiveness. By the eliminating expensive IT, branch and human costs in managing finances and with their multi blockchain automated cost switching, they have achieved the possibility of the lowest cost service ratio and product offering to our markets. They have a pilot user base of 1,000 in 15 countries. Through our partners nearly 100,000 are ready to be onboarded. UnbankedX(UBX) need your help. Spread the word, join their community, help fund us and make this revolution possible.
More Information Here :
Official Web:http://buyandsell.io/\
Telegram:https://t.me/storiqa_rus
ANN Bitcointalk: https://bitcointalk.org/index.php?topic=3038733
Twitter: https://twitter.com/unbankedx_ico
AUTHOR
Bitcointalk Username-rathnayake
Bitcointalk URL-https://bitcointalk.org/index.php?action=profile;u=1503176
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