Jul 12, 2018
UMKA is an efficient project implementation and a team-building tool based on the blockchain technology.
One of UMKA’s goal is to form the expert communities and give them the best environment for work, education and personal development.
UMKA means financial safety for all users: all platform transactions use agile smart contracts based on blockchain technology. AgileSC offers an opportunity for stage-by-stage project payments and agreed-upon amendments while guaranteeing efficiency and convenience for all parties involved.
UMKA is a comfortable space for cooperation between employers and contractors that offers a wide array of useful tools integrated into its system
The decentralized application UMKA is based on a fast turing-complete blockchain with inexpensive and flexible smart contracts (AgileSC) along with the Byzantine fault-tolerant (BFT) Delegated Proof of Stake consensus algorithm, based on EOS.IO.
EOS is a blockchain that allows for smart contracts for decentralized applications and decentralized autonomous organizations. EOS has solved the issue of scalability that popular blockchain systems, such as Bitcoin and Ethereum, were unable to solve.
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.
Attention. There is a risk that unverified members are not actually members of the team
$11 177 528
Strengths: demo version of app available in AppStore and Google Play. Extensive market overview and great vision. Weaknesses: no financial and marketing plans. Freelance and remote work market is very saturated and the level of competition is high; UMKA doesn’t have groundbreaking advantages that differ it from numerous competitors. There are just two advisors. Team members biographies should be on website and in WP, members with international backgrounds are needed; there are too many developers in the team, while experts in business and management, ICO, finance, legal and cryptocurrencies are missing.
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