SECURE YOUR FUTURE WITH UMA CHIT FUNDS!

in #umachitfund3 years ago

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Chit funds are basically traditional ways of saving and borrowing by being part of a group of subscribers who agree to contribute a fixed amount of money for a duration of time. The money is then auctioned to a subscriber when in need.
The nature of Chit funds is like that of a cooperative where we have a group of individuals coming together to start saving money which will be later used by any of the members in financial need.

LIMITATIONS OF CHIT FUNDS

Chit funds have over the years evolved, and we have Chit funds companies that have been in operation for decades with records of tremendous success.

However, there are challenges that Chit funds have been faced with over the years, this includes:
The chit funds industry currently is seen with lots of suspicions due to its associations either directly or indirectly with investment scams. Although it is necessary that we don't confuse chit funds with ponzi schemes.

Chit funds players find it challenging to tap into the tech-savvy generation. Most of the chit fund operations are managed by traditional players who have technically lost the millennial generation as potential customers.

UMA CHITFUNDS - THE GAME CHANGER

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Uma CHIT Funds is a private limited and online based company. It runs as a non-governmental company. It allows users the opportunity to have part of their incomes saved for expenses in the future.

The company is established online, and it is backed by Blockchain Technology, enabled with smart contract and has high encryption, unmatched transparency and guaranteed data security.
Having Uma Chit funds implemented with the Blockchain Technology brings back the lost trust among investors because everything stored in blockchain has a one hundred percent guarantee of immutability.

HOW UMA CHIT FUNDS WORKS
The Uma Chit funds platform has been made as simple as possible, such that every user can easily understand the price distribution and also the benefits of taking part in every round.
You join the chit rounds as an applicant by filling a form on the platform, the entries will then be taken on a first come first serve basis.

Multiple chit rounds are released every month on a varying time interval and each chit holder will be required to sign a digital agreement by holding a fixed number of the UMA CHIT FUNDS UTILITY TOKEN on the smart contract, which will also serve as a valid collateral when necessary.

The Uma Chit Funds Token is an ERC20 compliant token that is issued on the Ethereum platform, and it is the official utility token of the Uma Chit funds platform.

When a Chit Auction is announced, which is compulsory that every chit holder should attend, they will bid from 90% of the entire chit amount to 70%, then the lowest bidder wins the auction and will be given the prize money within 72 hours.

The amount the winner forgoes is taken as surplus for the chit group and will be divided equally among the chit holders as dividends.

Uma Chit Funds prides in providing the most advanced user interface with ease of access and convenience to users.

CONCLUSION

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Uma Chit funds is the gift that keeps giving, a fantastic financial opportunity for users all over the globe to save part of their earnings for posterity purposes, it is aimed to bring a completely different perspective on how individuals utilize and save their funds and by integrating the blockchain infrastructure it hopes to revolutionize the chit funds system such that users can participate in a secure, scam-free, cost effective and decentralised manner.

USEFUL LINKS
Website: https://umachit.fund
Telegram: https://t.me/umachitfund
Twitter: https://www.twitter.com/umachitfund
Instagram: https://www.instagram.com/umachitfund
Facebook: https://www.facebook.com/umachitfund
Reddit: https://www.reddit.com/user/UmaChitFund
Steemit: https://steemit.com/@umachitfund

AUTHOR'S DETAILS
Bitcointalk Username: Nancyo
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2759950;sa=summary

Wallet Address: 0xeF728a6f7aB532bac5b2662B9eE6a0C097bc5243