UNION - The Bill Discounting Platform on Blockchain Peer-to-Bussiness Market-place


A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, Union, an Indian company targeting Indian market, of approximately 400 Million Millennial, and market size is around 200 Billion USD has arrived.

Before I take you on this voyage, please check out this video presentation

Now that I have your attention, let’s get right to it.

What exactly is UNION?

Union is an Indian company targeting Indian market, of approximately 400 Million Millennial, and market size is around 200 Billion USD. However, given the public ledger system of our blockchain technology, the platform is available for use by lenders all over the globe.

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.

As the existing Collectively Investment Schemes work on silos within the separate communities, traditionally it is very hard to leverage the reputation and trust outside of one's trusted circle. With Union social capital gained can be utilize across the platform, as the solution is decentralized, transparent, secure and auditable. This will help us in creating an ecosystem of financial products, which users can avail, based on their reputation.


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.

The 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.

The Mission

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. Union will focus on developing portfolio of financial products that will use social capital and trusts of an individual.

The Problem

Traditional lending institutions maintain rigorous regulatory and loan approval requirements to protect the end-user. As a result, a large porson of the world’s population does not have access to lending services.

Individuals who did not fulfill a compulsory minimum credit history and small businesses operating in emerging markets find it difficult to gain access to the traditional financial system. This has given rise to an increasing demand for peer-to-peer lending services.

The Solution

Union proposed solution through the blockchain technology implementation. The rapid advancement of blockchain technology has led to a fundamental shift away from conventional lenders being the leading intermediary in the lending industry. Peer to peer lending is gaining momentum as the next development in the financials sector. Union leverages the added of both blockchain and cryptocurrency to improve the experience of both lenders and borrowers. We have therefore, developed a platform, which supports cryptocurrency and fiat currency for the purposes of peer-to-peer lending.

Features of Union

Smart contract which is a binding contract and is secure and safe while it monitors the basic working of the platform.

Decentralized which helps it to work globally for all the individuals.

Auditable as it can be audited easily.

Encrypted so that your data is safe and secure.

Transparent so that people can know what actually is going on at the ground level.

How does it work?

Union is a blockchain based platform which basically works om four of its products

Union Pool – Basically it is a decentralized platform for collective investment schemes. Schemes will run using smart contracts to automate and save the lending process. It will have all the features of chit chatting, funding, bidding and assigning the projects while it will monitor all the working of the platform efficient.

Union Social Commitment – It works on the basis of a social ranking which is given to the individual of the platforms after the completion of smart contract. More the trust, more the people you will have to invest in your idea. More will be the connection which will be used ahead.

Union leading authentication – It also works on the basis of rankings which is given on the basis of the worthiness of a user on a platform that includes timely payment of other scheme funds, other projects and their social accounts. More the credibility score more will be chances of people trusting the individual and after that, they can establish their connection outside their circles too.

Union advances – An individual owning a business when once gets the credit score and gains trust then they can make their own smart contracts to be fulfilled by the people. As it is decentralized and democratized, everyone can take part in it increasing the chances of business to grow accordingly.

Token Sale and ICO

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.

• Maximum number of 200,000,000 (100%) will be issued at any point in time

• Sending 1 Ether to Union account will create approx. 20,000 UNI

• UNI tokes will be transferred once the crowd sale is successfully complete

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


The Token sale will be a 2-month (60 Days), starting 1st of May until 29th of June 2018 or when our targeted funding value of 5,000,000 USD is reached, whichever is the earlier.

Token Pre-Sale: There will also be a pre-sale of the UNI tokens before the said launch date, also know as Pre-Sale. People participating the Pre-sale will be entitled to specifics discounts in the form of additional discounts, as per the agreement. This will be a invitation only basis, however there will be minimum number of tokens need to be committed to be qualify for the pre-sale.

Schedule of the token sale is given below.

ICO Details

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 Distribution

Funds Allocation


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 reserved for the initial investors




Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

Website - http://www.getunion.io/

Whitepaper - http://www.getunion.io/Union_Whitepaper.pdf

ANN Thread- https://bitcointalk.org/index.php?topic=3123614.0

Facebook: https://m.facebook.com/GetUnion-366941503811217

Twitter: https://twitter.com/getunion

Telegram - https://t.me/UNI_Token

Bounty Thread: https://bitcointalk.org/index.php?topic=3255283

Author: TheMichaelMatch

My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035

Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.

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