UnbankedX(UBX)-Decentralized Platform for Micro Finance
UnbankedX(UBX)-Decentralized Platform for Micro Finance
Have you known a decentralized system for micro finance? This is about it. We are addressing the following known problems for the world's 2 billion Unbanked and Underbanked Lack of access to banking services and financing. Conventional banking excludes them as they are considered not credit worthy. The cost of assessing credit risk and gathering the information does not justify the investment and resources. We made an effort to actually study our markets to valid their needs through an expedition to Africa in 2017. By combining blockchain, smart contracts, AI bots and mobile phone technology, we have developed the world's first fully crypto robo financing platform. To ensure price stability and keeping costs competitive, we will not be dependent on just one blockchain but many. Even future ones not yet conceived. Our interface is easy to use on both legacy phones and the latest smartphones. We use web, mobile app, mobile web, chat bots, voice bots and text bots to great effectiveness. By eliminating expensive IT, branch and human costs in managing finances and with our multi blockchain automated cost switching, we have achieved the possibility of the lowest cost service ratio and product offering to our markets. UBX utility tokens are fuel for the generation of personalized credit risk assessment and financing disbursed through crypto and mobile money.
Token Sale
Traditional financial structures are too costly for small accounts. With a fully automated system, we are able to overcome cost barriers and scale to the millions of users who have been neglected. Eliminating need for intense and the costly credit assessment. Reducing cost of managing ledgers. Preventing corruption with immutability. BACKGROUNDWe are addressing the following known problems for the world's 2 billion Unbanked and Underbanked. Lack of access to banking services and financing. Conventional banking excludes them as they are considered not credit worthy. The cost of assessing credit risk and gathering the information does not justify the investment and resources. We made an effort to actually study our markets to valid their needs through an expedition to Africa in 2017. By combining blockchain, smart contracts, AI bots and mobile phone technology, we have developed the world's first fully crypto robo financing platform. To ensure price stability and keeping costs competitive, we will not be dependent on just one blockchain but many. Even future ones not yet conceived. Our interface is easy to use on both legacy phones and the latest smartphones. We use web, mobile app, mobile web, chat bots, voice bots and text bots to great effectiveness. By eliminating expensive IT, branch and human costs in managing finances and with our multi blockchain automated cost switching, we have achieved the possibility of the lowest cost service ratio and product offering to our markets. We have a pilot user base of 1,000 in 15 countries. Through our partners nearly 100,000 are ready to be onboarded. We need your help. Spread the word, join our community, help fund us and make this revolution possible. We can make millions of lives better.
Have you known a decentralized system for micro finance? This is about it. We are addressing the following known problems for the world's 2 billion Unbanked and Underbanked Lack of access to banking services and financing. Conventional banking excludes them as they are considered not credit worthy. The cost of assessing credit risk and gathering the information does not justify the investment and resources. We made an effort to actually study our markets to valid their needs through an expedition to Africa in 2017. By combining blockchain, smart contracts, AI bots and mobile phone technology, we have developed the world's first fully crypto robo financing platform. To ensure price stability and keeping costs competitive, we will not be dependent on just one blockchain but many. Even future ones not yet conceived. Our interface is easy to use on both legacy phones and the latest smartphones. We use web, mobile app, mobile web, chat bots, voice bots and text bots to great effectiveness. By eliminating expensive IT, branch and human costs in managing finances and with our multi blockchain automated cost switching, we have achieved the possibility of the lowest cost service ratio and product offering to our markets. UBX utility tokens are fuel for the generation of personalized credit risk assessment and financing disbursed through crypto and mobile money.
Token Sale
Traditional financial structures are too costly for small accounts. With a fully automated system, we are able to overcome cost barriers and scale to the millions of users who have been neglected. Eliminating need for intense and the costly credit assessment. Reducing cost of managing ledgers. Preventing corruption with immutability. BACKGROUNDWe are addressing the following known problems for the world's 2 billion Unbanked and Underbanked. Lack of access to banking services and financing. Conventional banking excludes them as they are considered not credit worthy. The cost of assessing credit risk and gathering the information does not justify the investment and resources. We made an effort to actually study our markets to valid their needs through an expedition to Africa in 2017. By combining blockchain, smart contracts, AI bots and mobile phone technology, we have developed the world's first fully crypto robo financing platform. To ensure price stability and keeping costs competitive, we will not be dependent on just one blockchain but many. Even future ones not yet conceived. Our interface is easy to use on both legacy phones and the latest smartphones. We use web, mobile app, mobile web, chat bots, voice bots and text bots to great effectiveness. By eliminating expensive IT, branch and human costs in managing finances and with our multi blockchain automated cost switching, we have achieved the possibility of the lowest cost service ratio and product offering to our markets. We have a pilot user base of 1,000 in 15 countries. Through our partners nearly 100,000 are ready to be onboarded. We need your help. Spread the word, join our community, help fund us and make this revolution possible. We can make millions of lives better.
The Comparison of UnbankedX(UBX) and Traditional Finance
UnbankedX(UBX)
· Lower cost
· Easy to deploy
· Cryptocurrency is an open market
· Appeals to the pent up demands
Traditional finance
· High cost
· Hard to distribute without physical branches and large staffing
· Many barries for wholesale finance
· Neglect demands
UnbankedX(UBX)
· Lower cost
· Easy to deploy
· Cryptocurrency is an open market
· Appeals to the pent up demands
Traditional finance
· High cost
· Hard to distribute without physical branches and large staffing
· Many barries for wholesale finance
· Neglect demands
The Process
UBX TOKENUBX utility tokens are fuel for the generation of personalized credit risk assessment and financing disbursed through crypto and mobile money.
They are addressing the following problems in the market with our proposition.
Lack of access to banking services and financing
Conventional banking limitations exclude this segment of the market as they are considered not credit worthy and operationally difficult to administer due to remoteness and small clusters that do not justify investment spend in setting up bank offices and employing staff to monitor and manage loans. Whilst we do not seek to replace existing available informal micro-finance arrangements, money lenders and formal enterprises that currently exists in some countries, we do believe that with current progress of technology, we can be an alternative option
Corruption
Corruption is found in all countries but evidence shows it harms poor people the most as it stifles economic growth and diverts desperately needed funds from education, healthcare and other public services. In addition, it also reduces foreign investments and this has impact on employment opportunities and economic development. This also deters commercial banks from providing finance to projects and whilst this would be in the remit of multilateral development banks (MDB), these institutions are also cumbersome and unable to finance at micro levels of the economy. From our study, many of the underbanked and unbanked recognise this problem and seek to create opportunities for themselves through some form of self employment or increasing existing capabilities to improve from mere subsistence.
High Cost of Distribution
One of the limitations of conventional banking is the distribution of proceeds to remote regions which is a costly process. With the availability of mobile transfers, we believe that loans can now be made in faster and more cost effectively.
UBX TOKENUBX utility tokens are fuel for the generation of personalized credit risk assessment and financing disbursed through crypto and mobile money.
They are addressing the following problems in the market with our proposition.
Lack of access to banking services and financing
Conventional banking limitations exclude this segment of the market as they are considered not credit worthy and operationally difficult to administer due to remoteness and small clusters that do not justify investment spend in setting up bank offices and employing staff to monitor and manage loans. Whilst we do not seek to replace existing available informal micro-finance arrangements, money lenders and formal enterprises that currently exists in some countries, we do believe that with current progress of technology, we can be an alternative option
Corruption
Corruption is found in all countries but evidence shows it harms poor people the most as it stifles economic growth and diverts desperately needed funds from education, healthcare and other public services. In addition, it also reduces foreign investments and this has impact on employment opportunities and economic development. This also deters commercial banks from providing finance to projects and whilst this would be in the remit of multilateral development banks (MDB), these institutions are also cumbersome and unable to finance at micro levels of the economy. From our study, many of the underbanked and unbanked recognise this problem and seek to create opportunities for themselves through some form of self employment or increasing existing capabilities to improve from mere subsistence.
High Cost of Distribution
One of the limitations of conventional banking is the distribution of proceeds to remote regions which is a costly process. With the availability of mobile transfers, we believe that loans can now be made in faster and more cost effectively.
Limitations of Mobile Money
Mobile money has been an a revolution in the emerging markets by enabling many to have access to financial services such as payments and remittances which were previously difficult to access. It has also helped to increase efficiencies in the speed of payment, access to remote areas and payment security. However, there are still the challenges including limited growth in other financial services provided users. Deficient mobile agent networks, a lack of interoperability Very few mobile money services have reached profitability.
Tokensale Summary
Pre-Tokensale participants will be allocated 10% of all tokens issued. Primary Tokensale participants will be allocated 55% of all tokens issued. A part of these tokens will be used as bounties and digital media for marketing purposes. Advisers will receive 5% of all tokens for their insights and contacts to help succeed. The price of tokens will bid from USD 0.06 per token. This will be floated on decentralized exchanges for purchase. In case not all tokens will be sold, the remainder will be distributed during a SCO (secondary coin offering) in the future. HARDCAP for all tokens is 200,000,000. There are no voting rights for tokens. Token holders who are on the team and advisors will escrow 50% of their tokens for 1 year Transaction revenues will be sent to the smart contract every week to holders of tokens pro-rata this means, that if a holder has 1% of all outstanding tokens, he will receive 1% of all utility transactions.
Official Links for More Details
Official Web:http://buyandsell.io/
Whitepaper:http://buyandsell.io/documents/BUYANDSELL-ENG.pdf
Telegram:https://t.me/storiqa_rus
ANN Bitcointalk: https://bitcointalk.org/index.php?topic=3038733
Facebook: https://www.facebook.com/UnbankedX-172044893559527
Twitter: https://twitter.com/unbankedx_ico
Mobile money has been an a revolution in the emerging markets by enabling many to have access to financial services such as payments and remittances which were previously difficult to access. It has also helped to increase efficiencies in the speed of payment, access to remote areas and payment security. However, there are still the challenges including limited growth in other financial services provided users. Deficient mobile agent networks, a lack of interoperability Very few mobile money services have reached profitability.
Tokensale Summary
Pre-Tokensale participants will be allocated 10% of all tokens issued. Primary Tokensale participants will be allocated 55% of all tokens issued. A part of these tokens will be used as bounties and digital media for marketing purposes. Advisers will receive 5% of all tokens for their insights and contacts to help succeed. The price of tokens will bid from USD 0.06 per token. This will be floated on decentralized exchanges for purchase. In case not all tokens will be sold, the remainder will be distributed during a SCO (secondary coin offering) in the future. HARDCAP for all tokens is 200,000,000. There are no voting rights for tokens. Token holders who are on the team and advisors will escrow 50% of their tokens for 1 year Transaction revenues will be sent to the smart contract every week to holders of tokens pro-rata this means, that if a holder has 1% of all outstanding tokens, he will receive 1% of all utility transactions.
Official Links for More Details
Official Web:http://buyandsell.io/
Whitepaper:http://buyandsell.io/documents/BUYANDSELL-ENG.pdf
Telegram:https://t.me/storiqa_rus
ANN Bitcointalk: https://bitcointalk.org/index.php?topic=3038733
Facebook: https://www.facebook.com/UnbankedX-172044893559527
Twitter: https://twitter.com/unbankedx_ico
AUTHOR
Bitcointalk Username: anja96
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1503069
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1503069
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