ABOUT UNBANKEDX
UBX ("UnbankedX") is a decentralized organization unincorporated entity with plans to form a not-for-profit company or foundation in a suitable jurdistiction.
UBX tokens are not intended for speculation and afford the holder no rights in, or claims to, any of the assets of UBX or in any way a share in any profits that UBX may achieve. Interested parties acknowledge agreeing to the Privacy Policy, and Terms and Conditions.
This paper describes the current vision for the UBX Platform. While we intend to attempt to realise this vision, please recognise that it is dependent on quite a number of factors and subject to quite a number of risks. It is entirely possible that the UBX Platform will never be implemented or adopted, or that only a portion of our vision will be realised. We do not guarantee, represent or warrant any of the statements in this paper, because they are based on our current beliefs, expectations and assumptions about which there can be no assurance due to various anticipated and unanticipated events that may occur. These events may include further regulations or legal advice that require UBX to obtain relevant licenses and approvals.
There are several references throughout this paper to features being '... integrated', 'under development' or '... planned'. These references are for informational purposes as to the UBX vision only and are not representations or warranties to the effect that those features are currently integrated or will be integrated in the future. Additionally, several references appear throughout this paper to certain features being '...subject to regulatory approval'. UBX will attempt to obtain all relevant licenses and approvals if and when required, and will only implement such features once such licenses or approvals have been obtained. However, UBX does not represent, warrant or guarantee that such licenses or approvals will be obtained and that any features described in this paper will be implemented. Please know that we plan to work hard in seeking to achieve the vision laid out in this paper, but that you cannot rely on any of it coming true.
UBX tokens are not intended for speculation and afford the holder no rights in, or claims to, any of the assets of UBX or in any way a share in any profits that UBX may achieve. Interested parties acknowledge agreeing to the Privacy Policy, and Terms and Conditions.
This paper describes the current vision for the UBX Platform. While we intend to attempt to realise this vision, please recognise that it is dependent on quite a number of factors and subject to quite a number of risks. It is entirely possible that the UBX Platform will never be implemented or adopted, or that only a portion of our vision will be realised. We do not guarantee, represent or warrant any of the statements in this paper, because they are based on our current beliefs, expectations and assumptions about which there can be no assurance due to various anticipated and unanticipated events that may occur. These events may include further regulations or legal advice that require UBX to obtain relevant licenses and approvals.
There are several references throughout this paper to features being '... integrated', 'under development' or '... planned'. These references are for informational purposes as to the UBX vision only and are not representations or warranties to the effect that those features are currently integrated or will be integrated in the future. Additionally, several references appear throughout this paper to certain features being '...subject to regulatory approval'. UBX will attempt to obtain all relevant licenses and approvals if and when required, and will only implement such features once such licenses or approvals have been obtained. However, UBX does not represent, warrant or guarantee that such licenses or approvals will be obtained and that any features described in this paper will be implemented. Please know that we plan to work hard in seeking to achieve the vision laid out in this paper, but that you cannot rely on any of it coming true.
UnbankedX was one of the winners of Humaniq Global Challenge 2017. Out of 600 ideas submitted ours were chosen to be the best and viable by Humaniq, a leading cryptocurrency company.
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.
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 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.
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.
UBX token is intended solely as a mechanism for using the services offered through the UBX Platform.
UBX tokens are not for speculative investment.
No promises of future performance or value are or will be made with respect to UBX token, including no promise of inherent value, no promise of continuing payments, and no guarantee that UBX token will hold any particular value.
UBX tokens are not participation in any company and hold no rights in any company.
All proceeds received may be spent freely absent any conditions UnbankedX
UBX tokens are not for speculative investment.
No promises of future performance or value are or will be made with respect to UBX token, including no promise of inherent value, no promise of continuing payments, and no guarantee that UBX token will hold any particular value.
UBX tokens are not participation in any company and hold no rights in any company.
All proceeds received may be spent freely absent any conditions UnbankedX
UnbankedX have many advantages compared to traditional finance.
Unbankedx:
-lower cost
-esay 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:
-lower cost
-esay 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
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
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
Token Allocation
The tokens will be allocated among participants of the pre-ICO, the full ICO as well as management and advisors. The proceeds raised will be split as follows:
• 65% to be deployed for microfinancing
• 10% to be deployed for marketing
• 10% to be reserved for founders - 10% deployed for operations (ongoing development)
• 5% for advisor and partners to build the business
The tokens will be allocated among participants of the pre-ICO, the full ICO as well as management and advisors. The proceeds raised will be split as follows:
• 65% to be deployed for microfinancing
• 10% to be deployed for marketing
• 10% to be reserved for founders - 10% deployed for operations (ongoing development)
• 5% for advisor and partners to build the business
For more information click the link below :
Website : https://unbankedx.com/
Whitepapper : https://drive.google.com/file/d/1TuxIyPa2ho603uHtWxp-o_tjEOzx4nqF/
Facebook : Click Here
Twitter : Click Here
Telegram : Join Here
Author : TsabArt
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1388259
Address : 0x7ce231c609Ff5dD02aB38d4ca467cfE182Af7e0d
Website : https://unbankedx.com/
Whitepapper : https://drive.google.com/file/d/1TuxIyPa2ho603uHtWxp-o_tjEOzx4nqF/
Facebook : Click Here
Twitter : Click Here
Telegram : Join Here
Author : TsabArt
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1388259
Address : 0x7ce231c609Ff5dD02aB38d4ca467cfE182Af7e0d
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