AIMS:

UnbankedX is a platform where the usage of blockchain technology is being normalized and also the fact that it is a way out to reduce unemployment in the places where the resources and the opportunities are much lesser than anywhere else. UnbankedX allows people to run their business or to engage in employment with just a smartphone in their hands and also get familiar with the blockchain technology.

This diagram shows how the UnbankedX works how much of progress it is estimated to make from now till the upcoming years.

ISSUES TO DEAL WITH:

LESS OR NO INVOLVEMENT INTO BANKING AND FINANCING:

UnbankedX has close to no involvements with banking and stuff due to the fact that the banks consider them unreliable and not up to their standards as unbankedx is rather far-fetched in managing and organizing the staff and loans. But there is still a chance that unbankedx might be of some use to them in the future.

CORRUPTION:

Corruption is a nuisance which only targets the poor and the needy. It forces the money out of the funds-raising platforms and multiple other government sectors just for their own benefit. It is a vital element in sabotaging the condition of the countries it gets its hands on. UnbankedX recognizes this issue a lot and that allows them to find out ways to end this by founding any kind of self-employment or other form of opportunities for the people.

HIGH COST OF DISTRIBUTION:

Here, it is explained that in areas which are far away, it takes a lot of costs to raise the funds in any fund-raising events and even though all the money that is gained from there is distributed among the needy, it still costs a lot to even organize such events. But with the help of mobile transfers, the same deed is done in a cost-free and in a more rapid, reliable way.

LIMITATIONS ON MOBILE MONEY:

Even though mobile money had made it easier for the payments and stuff to be done but there still have been limitations on mobile money due to the fact that mobile money services has low networks, and lack of exchange services among the networks.

TOKEN SALE:

The unbankedX offers the opportunity of their pre-token sale participants to have 10% of the tokens allotted to them while the primary ones get the 55% of the tokens. Few of these tokens will instead be utilized for media purposes and digital marketing. Also, the advisors who contribute in this project will get 5% of the tokens. Each token has a price of USD 0.06, and if there will be any leftovers, it will be distributed on SCO. The overall price for the tokens is 200,000,000.