ADVANTAGE OF CHIT FUNDS

Chit Funds strive to give the largely sophisticated client boundary to the users of the receipt group. both users would give a genuine time to modernize about their check purchase, imminent or pending EMI's, definite profit in the found of dividends, borrower's cap for both months. Chit Funds are beneficial for not simply large-scale industries but as well diminutive industries that require monetary look after to develop their business.

ABOUT UMA CHIT FUNDS

Uma chit funds is a private chit fund company that manages, conducts, or supervises as foreman, agent, or in any other capacity. Uma Chit Funds private LTD is an online-based check cash party registered under the check resources Act,1982. Uma Chit Fund is an innovative account of the Rotating economy and good name Associations created across the globe. It serves folks with partial retrieve to banking conveniences and gives them read to savings and borrowing schemes. It is a non-government friendship handled by exclusive entities located in Maharashtra, India. The platform is enabled with smart contracts and bestows a lot of added introduction in the middle of excessive encryption, records safety measures and incomparable transparency. The major motto behind establishing such an online Chit Fund Company baked by blockchain technology is to allow its users to salvage certain divides of their returns for opportunity desires and expenses.

BENEFITS OF UMA CHIT FUND

Uma Chit Fund would offer various benefits to the customers which would include the following:

1. Providing value to the participants
2. Optimizing the platform functioning cost
3. One hundred percent transparent and zero chances of fraud/scams
4. Borrowing money without any financial documentation
5. Extensive and protracted savings with maximized profits

PROCEDURE OF CHIT FUND

At hand would be numerous Chit rounds out every month with not to be trusted time interval, Chit quantity etc.

In each round, The following activity would occur:
Round 1: Fixed deposit into the Funds smart
Round 2: Application of prior sanction letter
Round 3: Formation of the Chit group
Round 4: Certificate of Commencement
Round 5: Chit auction
Round 6: Payment disbursal to the winner of the Chit round
Round 7: Distribution of dividends among the Chit holder

TOKEN DEFINITION

Uma Chit Fund token(UCF) is an ERC-20 conforming coupon issued on the Ethereum platform. It is an efficacy nominal on the Uma Chit Fund platform.

Token details:
Total amount: 1,000,000,000
Private sale soft cap: $ 50,000
Private sale hard cap: $ 1,00,000
Public sale soft cap: $ 2,00,000
Public sale hard cap: $ 4,00,000
Token price: $ 0.1(equivalent in USDT,BTC, & ETH)

Token distribution

• Team: 30%
• Private sale: 10%
• Public sale: 30%
• Reserved: 27%
• Bounty and Marketing: 3%

TEAM

1. Rohan Kotkar-CEO | Founder | Treder/Blockchain consultant
2. Ronak Surana- COO | Content manager

ROADMAP

2019: Concept formation
2019: Whitepaper creation starting
August 2020: Website launch
2021: White paper finalized
April 2021: commencement of private sale round
December 2021: MVP released & marketing campaign
January 2022: commencement of the public sale and product testing
April 2022: Final product release

CONCLUSION

Blockchain innovation has been effectively concrete to abundant stages around the world, principally on stages like game and AR, blockchain innovation has scores of capacities which disturb the platform to appointment put the lid on compared to customary innovation. Also, Uma Chit Fund is at this purpose as a platform that will transaction the furthermost blockchain generate answers for the virtual earth presently on. The Uma Chit Fund gives security, elite, cross-chain, and is fitting for tackling out of the normal tissues in the become more intense of the virtual world.

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For more information

Website: https://umachit.fund/
Instagram: https://www.instagram.com/umachitfund/
Facebook: https://m.facebook.com/umachitfund
Twetter: https://mobile.twitter.com/umachitfund
Telegram: https://t.me/umachitfund
Reddit: https://www.reddit.com/user/UmaChitFund
Verification of authorship:
Your Telegram username: @ukstar21
Bitcointalk Username: ukstar
Profile Link: https://bitcointalk.org/index.php?action=profile;u=1174071
ETH Address: 0x797D50788187165212C40F2D7BA9950C32aF1E4F