How Uma Chit Funds Can Help You In Many Ways
More About Chit Funds
Chit funds are one of the simplest ways to save and invest your money. With a Chit Fund, you can save a lump sum to use as you need it. It gives you the option to borrow money, make investments and access the money whenever you need it. You will receive the entire pot amount once the funds mature. Dividends are pure profit and should be used for expenses. The concept behind UMACHIT FUNDs is simple and easy to understand. Unlike other chit fund platforms, the UCFD token allows you to borrow money without verification. You can expect to receive the payment within 12 hours. The chit holders themselves decide on the amount that they need to borrow, and the leftover pot value is split between the chit holders. This system is providing value to its participants.
How It Helps
Subscribers in a Chit Fund earn high dividends, often higher than the interest on various deposit schemes. They also benefit from the low interest rate. The average chit fund dividend is about 7-10%. The interest rate is lower than that of other forms of borrowing and a person can use the funds for any purpose. It is a unique investment opportunity that provides a great return for its participants. Uma Chit Funds is blockchain-based savings and loan service. It uses blockchain technology to create a modern financial institution. The first stage of the fund is an online article holding a hoard of ballet. The second is a personal UC fund, which is registered under the Chit Act 1982. This type of UCFS is a hybrid between a savings account and a loan. It allows its users to deposit and profit from their money.
The main motto behind establishing such an online chit fund company backed by blockchain technology is to allow its users to save some part of their income for their future needs and expenses. People can move forward towards achieving their dreams by managing their savings in a much more efficient manner. Small scale industries can manage their capital and maximize their profits by investing in blockchain based chit fund schemes.
Stabilizing their financial infrastructure
This will not only help in stabilizing their financial infrastructure but also pave the way for future opportunities of expanding and enlarging their businesses. Encouraging disciplined savings, providing a reliable source of funds for emergencies and financial eventualities, Uma chit Fund will also help the layman in more ways than one. Uma chit funds is an advanced version of Rotating Saving and Credit Associations found across the globe. It serves people with limited access to banking facilities and gives them access to savings and borrowing schemes. The platform is enabled with smart contracts and provides many additional features along with high encryption, data security and unmatched transparency. This is the basic version of our whitepaper which is subject to change in the near coming future as the time passes by with major developments.
The founder team consists of two members which would then be expended by the other few core team members and the equity would be shared among the team by keeping in mind the skill set, contribution to the project development and few other factors. There would be a vesting period for major developers which would help keep a constant demand and supply for our utility token and it would avoid the sudden dump for our token.
For More Information
Website: https://umachit.fund/
Facebook: https://www.facebook.com/umachitfund
Instagram: https://www.instagram.com/umachitfund
Authentication Proof
Bitcointalk Username: OrlickThunder
Ethereum Wallet Address:
0x7AFFfD6ce45268FCe3Ae60c59ce8401Ea6eC508E
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