UGPay Group AG is a relatively new platform that offers investment opportunities in different industries helping its investors build a diversified portfolio with promising returns. The company is registered in Switzerland under registration
number CHE-201.650.325. As of August of this year, the company got a registration from the U.S. Securities and Exchange Commission, making it possible for the company to operate and offer its services in the United States.
The company is currently involved with several industries, including the film industry, gold mining, basalt fiber production, innovative transport, real estate, diamond production, stock markets, and cryptocurrency markets. UGPay Group AG taps on these industries to create diversified investment products for its investors that can shield them from any uncertainties that arise from focusing on a single sector. The company offers its services to individuals, companies, and institutional investors who are rewarded according to their investment size.
The WCRU Token And Its Role
UGPay has tapped into blockchain technology to create a utility token known as World CRU (WCRU) to make investment in its diversified portfolio possible. But since the token is an investment vehicle for its tokenized assets, the company has enlisted with the SEC to offer the coin as a security token. By filling form D, the company ensures investors are protected from any potential losses through fraud or mismanagement of funds invested.
The token allows investors to access its tokenized assets and the benefits that come with it like greater liquidity, faster and cheaper transactions due to smart contracts that automate parts of the exchange process, thereby reducing the administrative burden that is usually involved when it comes to buying and selling and greater transparency since the security tokens can have the holder's rights and legal responsibilities attached to the token.
These tokens are based on EOS protocol, which allows projects to utilize its blockchain infrastructure to create smart contract platforms. UGPay has a CryptoUnit that is responsible for creating and managing the WCRU tokens. The platform allows users to share and stake the tokens and, in return, earn UNTB, which is the native token.
As an investor, you will have to undergo the KYC process before accessing the security tokens and activating your wallet on the platform. You can then purchase any number of tokens you would wish, which will offer you a share of the UGPay investment portfolio. In total, there will be 80 billion WCRU tokens for purchase that will be issued within a 10-year period in four stages.
The first stage will see around 10 – 30 billion tokens offered at $0.001 - $ 0.3, and it's expected to last for about 12 to 36 months. The second stage will see 10 – 30 billion tokens issued with each token price ranging from $1 - $100 and should last for 12 to 24 months. The third stage will involve the release of 1 – 10 billion tokens, which will go for $1,00 - $1,000 per token for a period of 12 to 24 months. And the final stage will see 1 – 10 billion tokens offered for $1,000 - $2,000 within 12 to 36 months.
One year Token Freeze
After the sale is done, there will be 8 billion tokens left to be utilized by WorldCru Inc, responsible for developing and governing the protocol. The organization will be able to use 50% of the tokens to purchase assets, 44% on marketing costs, 5% for the loyalty program that will run until October 2021, and the remaining 1% to cover operating expenses for running the business.
Once you purchase the tokens, you will not be able to access them to exchange or sell since UGPay has imposed a mandatory 365-day freeze on the assets. Once the period lapses, the blockchain protocol will begin to defrost the tokens, and investors will be able to sell them on security exchanges or even stake them for rewards.
Other Services Offered
According to its website, UGPay Group AG offers several services, including strategic advisory, to its investors on how to go about investing in different markets. The company also provides project management services to various organizations, regardless of the industry. The team behind the project has the talent to handle various demands of different sectors. Then there is foreign investor support, where the company guides foreigners on how to make investments in specific industries. And finally, the company helps with business plans by carrying out feasibility plans for different companies, projects, markets, and industries, thereby assisting clients in staying ahead of market trends to maximize their profits.
Additionally, UGPay plans to file audited financial reports with the SEC and to guarantee transparency of its operations; it will hold monthly webinars with investors to discuss its operations' progress.
