UnbankedX





  • Hi dears, another interesting project is being started. First of all, for who missed previous entry, what's a cryptocurrency? To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly.

    All this racket of cryptomoney has been increasing exponentially, however, most people know nothing about how blockchain technology works, what a smart contract is and how it could be used. For this very reason, I will first of all carefully introduce this type of block chain technology.

    Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, paypal, etc.). The blockchain is the technological basis for all cryptomontages, whether Bitcoin, Ethereum, Hyperledger, etc.

    An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agree. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.

    After this brief introduction to the broad topic of Blockchain and Smart Contracts, we can already see that this technology opens many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

    For this reason, the project I am going to present you is UnbankedX , the world's first fully robo cryptobank serving the unbanked. UnbankedX (UBX)(http://www.unbankedx.com/index.html) is the first fully robotic cryptographic bank in the world that serves unbanked banks and the first bank of near-Earth objects with users from a support community of 70 countries and 700 cities.


    The main objective of UnbankedX is to take advantage of blocking technology and the rise of smart mobile devices to boost a market of two million people who currently do not have access to employment and financial services worldwide. It aims to avoid the currently problems with lack of access to banking services and financing in the market, corruption, high cost of distribution and also with limitations of mobile money.


    With a fully automated system, the platform is able to:

    • Overcome cost barriers and scale to many users who have been neglected
    • Eliminate need for intense and costly credit assessment
    • Reduce cost of managing ledgers, preventing corruption with immutability
    • Avoid problems explain above: lack of access to banking services and financing in the market, corruption, high cost of distribution and also with limitations of mobile money.

    The project gives the opportunity to earn UnbankedX (UBX) tokensperforming some social media tasks and doing simple steps from the bounty program explained into this Bitcointalk Webpage. Here (https://bitcointalk.org/index.php?topic=3039059.0) you can access to the link in order to see what are the conditions to become an early UBXcontributor and start acquiring tokens.

    Doesn't that sound interesting? If you are interested in this airdrop or basically in the ICO, you can read their Whitepaper here (https://drive.google.com/file/d/1TuxIyPa2ho603uHtWxp-o_tjEOzx4nqF/edit). You can also stay tuned in their official Telegram group (https://t.me/unbankedx). I hope you liked the post and soon I'll send you new ones.

    Roadmap

    DateEvents
    Jan 2017Foundation
    Developed idea of using crypto and blockchain to finance trade between countries
    Sep 2017Expedition to Kenya. 1000 pilot users signed upt
    Bootstrap seed investment and prototyping begins
    Jan 2018Mozambique cotton cooperative expresses interest in their 100,000 farmers.
    The team members are using our platform to run credit risk analysis and onboarding those that pass our autonomous logic.
    More countries and partnerships are added. Speaking to major mobile money telecos in the region to integrate with their 100 million subscribers.
    May 2019Complete Presale. 
    List on key exchanges. Grow users towards 500,000
    Whole 2019Release own protocol. 
    Grow users to 1,000,000



    Extra details

    Token: UBX
    Platform: ETH
    Type: ERC-20
    ICO price: 1 UBX = 0.001 ETH
    Tokens for sale: 100,000,000

    Author Details

    Email: [email protected]

    Telegram username: @clauminghttps://bitcointalk.org/index.php?action=profile;u=1870482

    Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71



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