YOUnited is a platform on which users can bet against each other and participate in lotteries. Using Blockchain technology and smart contracts will ensure fast transactions and transparency on the platform. Unlimited number of users who will play the full prize pool among themselves will be able to participate in the bets.
Business Model Overview YOUnited (UNTD)
1. The validity of income
The project will receive revenue from the fees charged for the transaction and the creation of a smart contract for the winner of the lottery or other games on the platform. Commission for transactions on the platform will be - 0.1%, while 1% - is the fee for creating a smart contract, which will be charged from the final winnings after the game ends. The project team plans to reinvest in the development of the platform up to 80% of the income from the commission for the creation of a smart contract.
2. Number of currencies accepted
The number of accepted currencies is represented by 3 liquid currencies: ETH, BTC, LTC (p. 20 White Paper).
3. Token emission
In the project there is a limited number of tokens. A total of 2,100,000,000 UNTD UNTD tokens will be issued (p. 20 White Paper).
4. Discount on the purchase of tokens
The discount on the purchase of tokens is 100% (p. 21 White Paper).
In the flow chart provided, the project objectives are indicated until 2022 (p. 18 White Paper). Distribution of funds collected during the ICO, will be as follows: 55% - "Development and operating costs of the project", 25% - "Marketing and activities", 15% - "Obtaining the necessary licenses", 5% - "Legal expenses ”(P. 20 White Paper).
6. SOFT CAP / HARD CAP Ratio
The project has a bad SOFT CAP / HARD CAP ratio, which negatively affects its investment attractiveness. The values of SOFT CAP and HARD CAP are $ 2,400,000 and $ 9,700,000, respectively (p. 19 White Paper).
7. MVP availability
The project has developed MVP (p. 15 White Paper).
8. Risk assessment and insurance
At the same time, however, there are no risk assessments according to international standards, as well as any risk insurance methods, for example, Escrow, which increases the risk of loss of capital of potential token-holders.