UMKA: The Decentralized Blockchain Labour Market.

Blockchain technology has now appeared to be a special contribution to the internet, it is more referred to as a revolutionary leap to most spheres of the economy. The labour market serves as a example to other sectors, as blockchain technology is already creating new professions and also resurrecting old projects.

UMKA wants to utilize the concept of blockchain technology to elevate the labour market and redirect resources to the community. The communities will be integrated by providing the best place for work, education, and other personal development opportunities.

What Is UMKA

The UMKA platform is a decentralized labour market based on blockchain technology, with prominent implemented projects with different varieties of useful tools to support the ecosystem. The project creates a platform for online studies, from top educational institutions, customers for services and specialist of different fields of labour.

Features Of UMKA Platform.

• A digital passport that will contains stored data of users on the blockchain. Qualification, skills, experiences and courses that users might have participated in, on the platform will be recorded on the digital passport. This makes it very easy for employers to find freelancers with the required skill and experience.

• Specialists, customers, and employers from different countries will be able to communicate on the platformwith each other with the use of Google Neural Machine Translation.

• Agile Smart Contract – Offers an opportunity for stage-by-stage project payments, especially long term projects and agreed-upon amendments while guaranteeing efficiency and convenience for all parties involved.

• Arbitration system –This is a feature used in rating users in the case of any misunderstandings, users can use UMKA arbitration to solve the issue.

• A 24-hour technical support and customer service.

• A user-friendly interface, accessible via a mobile application, web version or a desktop client.

• The platform enables a smart system where employers can set their own requirements for freelancers, allowing them to select numerous freelancers who have the required competencies as stated on their digital passports. Numerous projects, vacancies, training programs and testing systems will be accessible by Freelancers in order to build their competency in accordance to the current market trends.

Benefits Of The UMKA Platform

Bonuses- On the UMKA platform, Investors will be able to receive additional tokens besides their tokens if they purchase some amount of minimum token.

Commission- The platformhas a unique way of distributing a 1% commission of the token to holders based on the amount of tokens in their wallets.

Withe the use of smart contracts, all transactions are secure and traceable.

Lower Transaction Fees- Unlike traditional or decentralized institutions like banks, the transactions costs are minimized, as there are no commissions.

The platform is an effective one with its implementation and posses team-building tool based on the blockchain

Benefits To Specialist, Employers And Educational Institutions

Attractive freelance job opportunities for specialists.
fast and accurate payment guarantee.
Online courses in world’s leading educational institutions.
Professional integrity of freelancers guaranteed.
Search for freelancers made easy.
Agile smart contracts for secure deals.
Growth of demand for services.
Feedback from labor market.
Graduate employability.

UMKA (UMK) Token And ICO Details

All operations and transactions on the platform will be done using assets for cryptocurrencies and fiat currencies. The UMK token serve as the assets, supported by a user’s cryptocurrency balance in their UMKA wallet or their fiat account balance on the UMKA platform. The platform will utilize the Bitcoin and Ethereum smart contracts for transactions as more digital currencies will be introduced in the future.

The UMK token will not use proof of work (mining) as a computing process, but ‘witness’ which will serve as block maker selected by the network to validates transactions and smart contracts. Users can also make offers for witness services and receive UMK tokens as rewards for their participation.

• Token Symbol: UMK
• Token Sale Starts: 1 June 2018
• Token Standard: ERC20
• ICO Token Price: 1 UMK = 0.1 USD
• Fundraising Goal: 10,000,000 USD
• Soft cap: 1,000,000 USD
• Hard cap: 10,000,000 USD
• Tokens for sale: 99,000,000 UMK
• Total Tokens : 180,000,000
• Know your customers (KYC) : Yes
• Can't participate: Seychelles
• Currency Accepted: ETH, BTC
  

Roadmap:

UMKA Useful Links:
website: https://umka.city/?utm_source=cryptoslate
Whitepaper: https://umka.city/wp-content/uploads/UmkaWP_Eng.pdf
Medium: https://medium.com/@umka_
Facebook: https://www.facebook.com/freelance.umka/
Twitter: https://twitter.com/umka_freelance
Reddit: https://www.reddit.com/user/UMKA_Labor_Market/

Writer Details.
Telegram username: @xpency
Bitcointalk Username: Xpency
Bitcointalk Url: https://bitcointalk.org/index.php?action=profile;u=1800192