UMKA ICO Review ~~UMKA Decentralized labor market

INTRODUCTION

UMKA is as a decentralized assignment need so has been enjoying an necessary position between the online sectors. In much ways, UMKA has created on-line sectors arbitrary for the common traffic about the web due in accordance with make theirs day valuable. Because, the era they embezzle concerning internet, they can perform them valuable yet the close vital element is absolutely important. The freelancing sectors or the online tribe is getting tons famous epoch through day. But the each day remark is now not and colorful respecting the each day sectors. The online dictation has been flourishing daily with the aid of the on line groups or with the assist regarding the on-line economies as UMKA.

About UMKA
UMKA is a comfortable space for cooperation between employers and contractors that offers a
wide array of useful tools integrated into its system: digital passport contains user’s data. The data is stored on the blockchain. The digital passport contains all the information about user’s skills and qualifications, his/her work experience and a possible list of courses completed within UMKA platform sources. The digital passport makes easier for employers to find freelancers with the required skill set.

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UMKA is a decentralized labor market. It is an efficient project implementation and a team-building tool based on the blockchain technology. UMKA offers employers a selection from dozens of thousands of freelancers with the required competency levels recorded in their electronic passports. UMKA provides freelancers with access to thousands of projects, vacancies, testing systems with a self-control function, and training programs from the world’s leading educational institutions. UMKA does not only offer a job search. It is a smart system that makes possible for employers to set the precise requirements for freelancers while freelancers are able to build competencies following the market trends.

Features Of UMKA
Rating system
UMKA uses a fair and transparent statistical system that ensures there is no rating fraud or falsified
feedback. Scores from one to five are awarded by the parties anonymously following completion of the
transaction only. The Employer cannot see the Freelancer’s feedback unless he/she posts his/ her own feedback and vice versa. Freelancers’ and Employers’ feedback is accessible to all registered users.

Payment
All transaction within the service is done via the internal Umka Wallet using smart contract assets. In order to start working with the service, users need to create a personal wallet and recharge it using a debit or credit card, PayPal or a cryptocurrency wallet. UMKA takes a 1% commission from the transaction’s amount which is withheld from the employer’s funds.

Fee
The UMKA fee is 1% of the amount of all safe transactions on the part of the Employer. This small
fee establishes confidence within the system and makes the service absolutely free for Freelancers acting as a guarantor of integrity of Employers. Funds will be distributed between UMK token holders automatically (when the bank reaches $150,000 USD or its equivalent in another currency). Revenue received from tokens belonging to the managed fund will be used for the support and development of the platform.

PROBLEM

Centralization: finance and data are accumulated and managed by a single entity. Platform regulations, the amounts of fees and commissions, and the system’s technical parameters may be amended without the consent of the users. No guarantee of timely payment and proper work performance. High commission fees. Commission fees on the freelance platform market currently range between 2.7% and 20% of the transaction amount.

SOLUTION UMKA OFFERS

UMKA is a 100% decentralized user-managed system. All data on transactions, ratings and key user data are stored on the blockchain. An Agile Smart Contract that allows stage-by stage payment and amendments agreed upon by both parties: Contains data on the work schedule, budget and specifications; The entire transaction amount is put on hold under the employer’s account until the project begins.UMKA’s commission fee is 1% per transaction. All transaction commission receipts will be used for further service and support improvement.

FEATURES OF UMKA PLATFORM

UMKA customers can assign specialists to project groups that can be moderated. Project budget can be specified for each group. A group chat is automatically created afterwards.

The UMKA Client’s Passport holds information about the client’s company and feedback from freelancers.

The UMKA app supports group chats, meetups, and news feed for every professional community.

The UMKA Specialist’s Passport holds details about their areas of competence, advanced training, professional experience and qualifying examinations.

The UMKA experts participate in arbitration proceeding between clients and specialists.

UMKA is designed as a digital meeting point for professionals in various fields who can either perform a particular type of services or hire experts in the framework of the projects. With its interface, UMKA seeks to minimize the barriers that most freelancers and employers face in finding projects as well as hiring professionals who are qualified to perform a particular work.

UMKA proposes an active labor market policy. This includes job search assistance, integrated training courses as well as legal support in terms of contracts conclusion. In order to enable effective interactions, two types of community groups will be created, refereed as project groups created by freelancers, and independent experts. Employers in turn can easily contact any professional they are willing to employ for a project.

How UMKA Works?

UMKA offers employers a selection from dozens of thousands of freelancers with the required competency levels recorded in their electronic passports. UMKA provides freelancers with access to thousands of projects, vacancies, testing systems with a self-control function, and training programs from the world’s leading educational institutions. UMKA does not only offer a job search. It is a smart system that makes possible for employers to set the precise requirements for freelancers while freelancers are able to build competencies following the market trends.

The services of the educational institutions integrated into UMKA offer competence-raising opportunities for internationally certified online courses from the world’s leading universities. Once a course is completed, it is reflected in the electronic passports giving freelancers a competitive advantage in the search for jobs and projects.

Advantages of the UMKA Project

There is no transaction cost in the sense it’s used in other blockchains. There are no “miners”, whose work has to be paid by users who want to make a transaction. In EOS, there are block makers, who are rewarded for their work by the network.

All transaction within the service are done via the internal Umka Wallet using smart contract assets. In order to start working with the service, users need to create a personal wallet and recharge it using a debit or credit card, PayPal or a cryptocurrency wallet.

UMKA takes a 1% commission from the transaction’s amount which is withheld from the employer’s funds.
UMK is the security token of the UMKA platform. The UMK token guarantees participation in the distribution of the platform’s revenue. The token balance will be shown in the user’s wallet, and rewards will be accumulated proportional to the amount of tokens.

TOKEN AND ICO DETAILS

Ticker: UMK

Type: Token (Ethereum)

ICO Token Price: 1 UMK = 0.1 USD

Fundraising Goal: 10,000,000 USD

Total Tokens : 180,000,000

Accepts: ETH, BTC

Token Sale Plan

Public ICO started on June 1, 2018 and will end on August 1, 2018.

The UMK token is an ERC20 token issued on the Ethereum blockchain. UMK is a security token. It gives its proprietor the right to seek after their venture interests. At the initial stage, the platform will accept BTC and ETH as a means of payment. Seven more cryptocurrencies alongside fiat assets will be added for the fourth quarter of 2018.

Token distribution and Investment Distribution

ROADMAP
umka roadmap.JPG

Q1 2017

Idea, concept development

Q2 2017

Development of an interface demo version for internal testing on iOS and Android

Q3 2017

Concept testing in target groups

Q4 2017

Concept follow-on improvement in accordance with new market and technological trends and testing results

Q1 2018

Platform announcement; Token sale preparations

Q2 2018

Token pre-sale: 1-31 May 2018;Testing of the app in target groups;Advertisement campaign start; Token sale start: 1
June 2018

Q3 2018

Token sale end: 1 August 2018;

AgileSC follow-on improvement and testing;

Blockchain and interface follow-on improvement
and development;

Mobile and web apps alpha version launch;

Open alpha testing of the blockchain and AgileSC;

IPFS integration;

Implementation of the functionality: project groups;

Implementation of the functionality: group chats,

professional communities;

Creation of a working prototype of the mobile app;

MVP on blockchain, AgileSC integration;

Hackathon

Q4 2018

Beta testing of the mobile app and Blockchain launch;

UMK token listing on exchanges;

Integration of educational programs;

Integration with third-party services;

Implementation of the functionality: digital passport, testing systems, expert arbitration;

Adding operation with 7 additional crypto currencies and fiat currencies;

Hackathon

Q1 2019

Final release of the UMKA application;

Full-fledged advertising campaign;

GNMT integration;

Hackathon

BONUS FOR FIRST INVESTOR

Bonuses - additional tokens that investors earn besides regular tokens if they have invested a certain amount of money
● +10% = 1,000 $
● +15% = 5,000 $
● +20% = 10,000 $
● +25% = 50,000 $
● +30% = 100,000 $

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