UMKA ICO Review--Decentralized labor market

Project information
UMKA is an efficient project implementation and a team-building tool based on the blockchain technology. UMKA means financial safety for all users: all platform transactions use agile smart contracts based on blockchain technology. Secure deals are done using the customizable Agile Smart Contract methodology based on the EOS blockchain. AgileSC offers an opportunity for stage-by-stage project payments and agreed-upon amendments while guaranteeing efficiency and convenience for all parties involved. Freelancers can work on their own or in project groups, and can be paid in 15 cryptocurrencies as well as fiat currencies. UMKA takes a 1% commission from all smart contract transactions within the platform. Funds, gathered this way will be distributed among UMK token holders automatically.

About UMKA
UMKA is a comfortable space for cooperation between employers and contractors that offers a
wide array of useful tools integrated into its system: digital passport contains user’s data. The data is stored on the blockchain. The digital passport contains all the information about user’s skills and qualifications, his/her work experience and a possible list of courses completed within UMKA platform sources. The digital passport makes easier for employers to find freelancers with the required skill set.

UMKA is a decentralized labor market. It is an efficient project implementation and a team-building tool based on the blockchain technology. UMKA offers employers a selection from dozens of thousands of freelancers with the required competency levels recorded in their electronic passports. UMKA provides freelancers with access to thousands of projects, vacancies, testing systems with a self-control function, and training programs from the world’s leading educational institutions. UMKA does not only offer a job search. It is a smart system that makes possible for employers to set the precise requirements for freelancers while freelancers are able to build competencies following the market trends.

TOKEN SALE ACTIVE: 01 May 2018 - 01 August 2018
Ticker: UMK

Type: Token (Ethereum)

ICO Token Price: 1 UMK = 0.1 USD

Fundraising Goal: 10,000,000 USD

Total Tokens : 180,000,000

Know your customers (KYC) : Yes

Can't participate: Seychelles

Accepts: ETH, BTC

How Does The Company Works?
UMKA offers employers a selection from dozens of thousands of freelancers with the required competency levels recorded in their electronic passports. UMKA provides freelancers with access to thousands of projects, vacancies, testing systems with a self-control function, and training programs from the world’s leading educational institutions. UMKA does not only offer a job search. It is a smart system that makes possible for employers to set the precise requirements for freelancers while freelancers are able to build competencies following the market trends.

The services of the educational institutions integrated into UMKA offer competence-raising opportunities for internationally certified online courses from the world’s leading universities. Once a course is completed, it is reflected in the electronic passports giving freelancers a competitive advantage in the search for jobs and projects.

Token distribution

Investment distribution

Features Of UMKA

Rating system
UMKA uses a fair and transparent statistical system that ensures there is no rating fraud or falsified
feedback. Scores from one to five are awarded by the parties anonymously following completion of the
transaction only. The Employer cannot see the Freelancer’s feedback unless he/she posts his/ her own feedback and vice versa. Freelancers’ and Employers’ feedback is accessible to all registered users.

Payment
All transaction within the service is done via the internal Umka Wallet using smart contract assets. In order to start working with the service, users need to create a personal wallet and recharge it using a debit or credit card, PayPal or a cryptocurrency wallet. UMKA takes a 1% commission from the transaction’s amount which is withheld from the employer’s funds.

Fee
The UMKA fee is 1% of the amount of all safe transactions on the part of the Employer. This small
fee establishes confidence within the system and makes the service absolutely free for Freelancers acting as a guarantor of integrity of Employers. Funds will be distributed between UMK token holders automatically (when the bank reaches $150,000 USD or its equivalent in another currency). Revenue received from tokens belonging to the managed fund will be used for the support and development of the platform.

Problem
Centralization: finance and data are accumulated and managed by a single entity. Platform regulations, the amounts of fees and commissions, and the system’s technical parameters may be amended without the consent of the users. No guarantee of timely payment and proper work performance. High commission fees. Commission fees on the freelance platform market currently range between 2.7% and 20% of the transaction amount.

Solution
UMKA is a 100% decentralized user-managed system. All data on transactions, ratings and key user data are stored on the blockchain. An Agile Smart Contract that allows stage-by stage payment and amendments agreed upon by both parties: Contains data on the work schedule, budget and specifications; The entire transaction amount is put on hold under the employer’s account until the project begins.UMKA’s commission fee is 1% per transaction. All transaction commission receipts will be used for further service and support improvement.

Personal Data Security
The user login is stored on the blockchain and accessible only with using a generated private key encrypted by the user’s password. This system denies access to the UMKA Wallet and its associated accounts to anyone except the user. Such security levels meet the up-to-date personal data encryption requirements.

Road Map

UMKA team
UMKA is an efficient project implementation and a team-building tool based on the blockchain technology. UMKA means financial safety for all users: all platform transactions use agile smart contracts based on blockchain technology. Secure deals are done using the customizable Agile Smart Contract methodology based on the EOS blockchain. AgileSC offers an opportunity for stage-by-stage project payments and agreed-upon amendments while guaranteeing efficiency and convenience for all parties involved. Freelancers can work on their own or in project groups, and can be paid in 15 cryptocurrencies as well as fiat currencies. UMKA takes a 1% commission from all smart contract transactions within the platform. Funds, gathered this way will be distributed among UMK token holders automatically.

Timur Akhmedjanov – CEO

Sergey Sukhanov – COO, Blockchain Expert

Evgeniy Mitrofanov – CTO

Matvey Bogomolov – Blockchain Developer

Vasilii Sorokin – Fullstack Develope

Daria Gefenider – PR

Stanislav Belsky – SEO, Internet Markering

Antonina Afanaskina – Designer, UX/UI

For more Information,Please see the Link Bellow :

Website: https://umka.city

Whitepaper: https://umka.city/wp-content/uploads/UmkaWP_Eng.pdf

Twitter: https://twitter.com/umka_freelance/

Facebook: https://www.facebook.com/freelance.umka/

Telegram: https://t.me/umka2018

My Bitcointalk Name: nazrulislam