{"id":7066,"date":"2021-10-30T12:23:51","date_gmt":"2021-10-30T12:23:51","guid":{"rendered":"https:\/\/tokpie.io\/blog\/?p=7066"},"modified":"2024-02-25T13:34:13","modified_gmt":"2024-02-25T13:34:13","slug":"uma-chit-fund-token","status":"publish","type":"post","link":"https:\/\/tokpie.io\/blog\/uma-chit-fund-token\/","title":{"rendered":"Discover the Uma Chit Fund: UCF Token"},"content":{"rendered":"\n<p>Did you know that the estimated size of the Chit Fund industry is around 5 billion dollars and is growing? Also, it\u2019s helpful to understand that the Chit funds are a traditional means of savings and borrowing for low-income households. Besides, it\u2019s been part of India\u2019s financial system for more than a century now. So, the Uma Chit Fund project has issued the UCF token to blend a traditional way of lending and borrowing money with blockchain technology. Continue reading to learn more about that project. In addition, get detailed instructions on how to trade UCF tokens on the Tokpie exchange. <\/p>\n\n\n\n<p class=\"has-background has-pale-pink-background-color\"><strong>Update<\/strong>: Project\u2019s website is not working.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What\u2019s the Uma Chit Fund?<\/h2>\n\n\n\n<p>The Uma Chit Fund is a crypto project that serves the chit holders with unmatched transparency, scalability, and additional member benefits. So, the Uma Fund\u2019s members or subscribers agree to contribute a fixed amount of money for a fixed duration of time. As a result, the total amount collected goes as prize money to the member or subscriber in need. Therefore, members can save a part of their earnings for the times when needed.<\/p>\n\n\n\n<p>Moreover, the team makes it possible for users to save and borrow funds easily without looking at the financial documentation. Also, the developers look forward to providing various other opportunities which will make it convenient and beneficial for members to pay the weekly\/monthly\/yearly EMI\u2019s with the $UCF utility token. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What\u2019s the UCF token?<\/h2>\n\n\n\n<p>The UCF is an ERC20 token serving as a utility cryptocurrency on the Uma Chit Fund platform. So, the holders can benefit from borrowing interest rates that vary between 5% to 12%. For lending, in turn, the interest rates go in between 10% to 17%. Moreover, the usage of the Ethereum blockchain allows the storage of all the Fund\u2019s records. Also, nobody can change these records. So, they stay transparent because all Fund\u2019s participants have access to the same version of the truth.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Token Name: Uma Chit Fund<\/li><li>Symbol: UCF<\/li><li>Website doesn\u2019t work.<\/li><li>Token total supply: 1,000,000,000<\/li><li>Smart contract address: <a rel=\"noreferrer noopener\" aria-label=\"0x8e77d6596743ED542ED8779553C6Ece6A64785af (opens in a new tab)\" href=\"https:\/\/etherscan.io\/token\/0x8e77d6596743ED542ED8779553C6Ece6A64785af\" target=\"_blank\">0x8e77d6596743ED542ED8779553C6Ece6A64785af<\/a>.<\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"273\" src=\"https:\/\/tokpie.io\/blog\/wp-content\/uploads\/2021\/10\/UCF_allocation.png\" alt=\"initial allocation of Uma Chit Fund tokens\" class=\"wp-image-7069\"\/><figcaption>UCF&#8217;s allocation.<\/figcaption><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">How to buy UCF tokens?<\/h2>\n\n\n\n<p>To purchase UCF tokens for <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.io\/blog\/tether-usd-ethereum-blockchain-usdt\/\" target=\"_blank\">USDT<\/a> do three simple steps:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li><a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.zendesk.com\/hc\/en-us\/articles\/360001325617-4-Fund-your-account\" target=\"_blank\">Fund<\/a> your account with USDT. If you don\u2019t have crypto, you can <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.io\/swap\/?crypto=USDT\" target=\"_blank\">purchase USDT with a bank card<\/a> in a few minutes.<\/li><li>Open the <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/tokpie.com\/view_exchange\/UCF-USDT\/\" target=\"_blank\">UCF\/USDT<\/a> order book and place your trade order to <strong>buy<\/strong>. Use this <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.zendesk.com\/hc\/en-us\/articles\/360001325637-5-Buy-or-sell-cryptocurrencies-\" target=\"_blank\">instruction<\/a> if you don\u2019t know how to place a trade order.<\/li><li><a href=\"https:\/\/tokpie.io\/blog\/uma-chit-fund-token\/#How_to_withdraw_UCF_token\">Withdraw UCF<\/a> tokens to your personal <strong>ERC20<\/strong> wallet or hold them on the account.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">How to sell UCF tokens?<\/h2>\n\n\n\n<p>To sell UCF tokens for <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.io\/blog\/tether-usd-ethereum-blockchain-usdt\/\" target=\"_blank\">USDT<\/a> do three simple steps: <\/p>\n\n\n\n<ol class=\"wp-block-list\"><li><a href=\"https:\/\/tokpie.io\/blog\/uma-chit-fund-token\/#How_to_deposit_UCF_token\">Deposit UCF<\/a> tokens into your account.<\/li><li>Open the <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.com\/view_exchange\/UCF-USDT\/\" target=\"_blank\">UCF\/USDT<\/a> order book, and place your trade order to <strong>sell<\/strong>. Read the <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.zendesk.com\/hc\/en-us\/articles\/360001325637-5-Buy-or-sell-cryptocurrencies-\" target=\"_blank\">instruction<\/a> if you don\u2019t know how to place a trade order.<\/li><li><a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.zendesk.com\/hc\/en-us\/articles\/360004531817-How-to-withdraw-cryptocurrencies-from-your-Tokpie-account-\" target=\"_blank\">Withdraw USDT<\/a> to your personal wallet (ERC20 \/ BEP20) or hold them on the account.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">How to deposit UCF token?<\/h2>\n\n\n\n<p>To deposit UCF token into your Tokpie account, follow this&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.zendesk.com\/hc\/en-us\/articles\/360001325617-4-Fund-your-account\" target=\"_blank\">guide<\/a>. Also, make sure that you are going to deposit <strong>ERC20<\/strong> tokens that relate to <a href=\"https:\/\/etherscan.io\/token\/0x8e77d6596743ED542ED8779553C6Ece6A64785af\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"this (opens in a new tab)\">this<\/a> smart contract address. If you deposit the wrong tokens or the wrong blockchain type, Tokpie could not identify your transfer.<\/p>\n\n\n\n<p><strong>Note:<\/strong>&nbsp;Tokpie doesn\u2019t charge any fees for depositing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How to withdraw UCF token?<\/h2>\n\n\n\n<p>To withdraw the UCF token from your Tokpie account, use this&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.zendesk.com\/hc\/en-us\/articles\/360004531817-How-to-withdraw-cryptocurrencies-from-your-Tokpie-account-\" target=\"_blank\">instruction<\/a>. Besides, you must have <strong>ERC20<\/strong> compatible wallet address to be able to withdraw tokens. Also, <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.io\/fees\" target=\"_blank\">check the withdrawal commission<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Disclaimer<\/h2>\n\n\n\n<p>Also, please be aware that Tokpie charges a fee for the listing. Tokpie does not give any investment, legal, tax, financial advice, or warranty of token price performance. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Useful links to trade UCF tokens<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Market to trade Uma Chit Fund tokens: <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.com\/view_exchange\/UCF-USDT\/\" target=\"_blank\">UCF\/USDT<\/a>.<\/li><li>Also, check <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.io\/#home__markets\" target=\"_blank\">trade statistics on Tokpie<\/a>.<\/li><li>Tokpie\u2019s <a rel=\"noreferrer noopener\" href=\"https:\/\/tokpie.io\/fees\" target=\"_blank\">trade fees and withdrawal commissions<\/a>.<\/li><\/ul>\n\n\n\n<p>For any questions, contact Tokpie at&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/t.me\/tokpie\" target=\"_blank\">https:\/\/t.me\/tokpie<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Learn about a mix of traditional lending with Ethereum blockchain. Also, learn how to trade $UCF on Tokpie.<\/p>\n","protected":false},"author":2,"featured_media":7070,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,429],"tags":[12,427,1389,1390],"class_list":["post-7066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-announcements","category-new-listings","tag-token","tag-erc20","tag-uma-chit-fund","tag-ucf"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.7 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Discover the Uma Chit Fund: UCF Token - New Listings ERC20<\/title>\n<meta name=\"description\" content=\"Find a description of the Uma Chit Fund platform. Learn about the UCF token. Get a guide on how to trade UCF tokens for USDT on Tokpie.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokpie.io\/blog\/uma-chit-fund-token\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Discover the Uma Chit Fund: UCF Token\" \/>\n<meta property=\"og:description\" content=\"Find a description of the Uma Chit Fund platform. Learn about the UCF token. Get a guide on how to trade UCF tokens for USDT on Tokpie.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tokpie.io\/blog\/uma-chit-fund-token\/\" \/>\n<meta property=\"og:site_name\" content=\"Tokpie Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/tokpie.io\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-30T12:23:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-25T13:34:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tokpie.io\/blog\/wp-content\/uploads\/2021\/10\/UCF_token_trade.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"536\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"tokpie\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TokpieE\" \/>\n<meta name=\"twitter:site\" content=\"@TokpieE\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"tokpie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/tokpie.io\/blog\/uma-chit-fund-token\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/tokpie.io\/blog\/uma-chit-fund-token\/\"},\"author\":{\"name\":\"tokpie\",\"@id\":\"https:\/\/tokpie.io\/blog\/#\/schema\/person\/825d691ed21f457c2fe53e4e39fa0ed1\"},\"headline\":\"Discover the Uma Chit Fund: UCF Token\",\"datePublished\":\"2021-10-30T12:23:51+00:00\",\"dateModified\":\"2024-02-25T13:34:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/tokpie.io\/blog\/uma-chit-fund-token\/\"},\"wordCount\":672,\"publisher\":{\"@id\":\"https:\/\/tokpie.io\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/tokpie.io\/blog\/uma-chit-fund-token\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tokpie.io\/blog\/wp-content\/uploads\/2021\/10\/UCF_token_trade.png\",\"keywords\":[\"token\",\"erc20\",\"Uma Chit Fund\",\"UCF\"],\"articleSection\":[\"Announcements\",\"New Listings\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tokpie.io\/blog\/uma-chit-fund-token\/\",\"url\":\"https:\/\/tokpie.io\/blog\/uma-chit-fund-token\/\",\"name\":\"Discover the Uma Chit Fund: UCF Token - New Listings ERC20\",\"isPartOf\":{\"@id\":\"https:\/\/tokpie.io\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tokpie.io\/blog\/uma-chit-fund-token\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tokpie.io\/blog\/uma-chit-fund-token\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tokpie.io\/blog\/wp-content\/uploads\/2021\/10\/UCF_token_trade.png\",\"datePublished\":\"2021-10-30T12:23:51+00:00\",\"dateModified\":\"2024-02-25T13:34:13+00:00\",\"description\":\"Find a description of the Uma Chit Fund platform. 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