UFUN uToken Review

UFUN is a large network marketing company with some ambitious goals. Launched in 2014, UFUN Group has branches in a number of different industries, including e-Commerce, investing, networking, and even charity.

UFUN is most famous, however, for something called uToken. UFUN created uToken as a digital currency. It wants uToken to be the next Bitcoin. Like other virtual currencies, uToken exists entirely online.

Unlike most other currencies, however, uToken is backed by real gold reserves (virtual currencies like Bitcoin are backed by no tangible wealth). As a result, UFUN claims that the price of uTokens will never fall.

UFUN has quickly expanded across Asia in the past year and currently maintains offices in Thailand, Malaysia, Singapore, Indonesia, Vietnam, Cambodia, South Korea, Japan, Taiwan, Philippines, Brunei, China, India, Myanmar, Australia, and Hong Kong.

Now, UFUN is starting to expand into America’s competitive world of network marketing. Is uToken legit? Did UFUN really create an inflation-proof currency? Let’s find out today in our UFUN uToken review.

What is uToken?

uToken is a new virtual currency that can be used in a number of different online transactions, including:

-Trade uTokens at utokens.com or ubartertrade.com, where you’ll find real people all over the world offering goods and services in exchange for uTokens

-Transfer uTokens directly from person to person

-Use uTokens as a bartering tool to pay for goods and services like flights, hotels, food, or rent (obviously, they can only be used for bartering if the person you’re bartering with also accepts uTokens)

-Access uTokens anywhere in the world on different electronic devices, including desktop PCs, laptops, tablets, and smartphones

-Use uTokens as a holder of wealth. Since the currency claims to be inflation-proof, the value of your investment is guaranteed to go up.

uToken and Its Bank Reserves

So far, uToken sounds similar to Bitcoin. But there’s one major difference between uToken and almost all other currencies (virtual and non-virtual): uToken claims to be backed by real gold reserves.

Here’s how it works: UFUN started a private ban called uToken Reserve Limited. This bank is managed by an international team of bankers and managers from around the world.

uToken Reserve Limited has one main goal: grow its reserve ratio through prudent management and smart investment decisions.

The uToken reserve ratio currently stands at 22%. That means every single uToken has 22% of its value backed by gold.

That may not sound like a lot: until you realize that most real currencies have a reserve ratio between 1% and 5%, and some countries – including the United States – don’t even have a reserve ratio for banks with less than $13.3 million. The Euro – which is the world’s second most-traded currency behind the US dollar – has a reserve ratio which fluctuates between 0.5% and 2%.

In other words, the uToken reserve ratio is enormous compared to most major currencies. There are very few other currencies in the world that are backed by 22% liquid wealth.

What does this mean for you? UFUN claims that this high reserve ratio makes its currency inflation-proof: the currency will never lose its value. It will only grow its value.

Being backed by so much gold also has one more advantage: it means that if everyone were to withdraw their uTokens tomorrow, the bank wouldn’t immediately collapse. In the United States, where most banks maintain reserve ratios between 0% and 10%, the economy would literally collapse if most of the population withdrew all their money from the banks tomorrow: there just isn’t enough tangible wealth to go around. The same can be said for most countries in the world.

Where Can You Use uToken?

You can currently use uToken to purchase goods and services at utokens.com and ubartertrade.com. At those websites, you’ll find businesses and individuals from all over the world selling stuff online.

UFUN also claims you can use uTokens for “bartering” – which is true of anything in the world. You can use cows, sheep, and goats for bartering: the only major restriction is if the person with whom you’re bartering will accept goats, sheep, cows, or uTokens.

At this point, uToken is less than one year old, so it’s only accepted at a small number of places. UFUN, however, is fully invested in uToken and is trying to get the currency accepted at more places around the world.

UFUN claims to be in negotiations with government regulatory officials and international businesses in an effort to get their currencies accepted at major retailers.

As a result, many people expect the number of uToken-affiliated retailers to grow dramatically over the next few months. It’s important to note that even Bitcoin – the world’s most popular virtual currency – isn’t accepted by very many retailers.

uToken Commission Structure

uToken is a network marketing business. If you join uToken, you’ll be able to make money by selling uTokens to other people.

Here’s how uToken’s commission structure works:

-All uToken purchases are charged a 10% commission fee. UFUN member get a cut of this fee.

-Members also receive a 7% to 12% commission on all people who join directly below them in the network. You also receive a 7% to 12% “development bonus” for members below you.

-The largest uToken investors receive a cut of the global 1% sell bonus

-All uToken transfers are charged a 1% transfer fee. All uToken withdrawals are charged a 10% commission fee.

As you can see, this multi-level marketing-style commission structure is designed to reward those who have large networks – and can build large networks – of successful salespeople. If you can do that, then you can earn a generous commission from sales of uTokens.

If you’re worried about getting paid by UFUN, then UFUN reassures its members by stating that UFUN has invested in a number of different industries, including gold, property, retail, and entertainment. It also uses its transaction fees as security measures.

One final interesting thing to note about uToken’s commission structure is that 30% of every withdrawal is repurchased as uTokens. So even if a very uToken-wealthy individual withdrew all of their money, it would not crash the market because there’s still a significant portion of tangible wealth. In addition, members are forbidden from selling their uTokens below the counter price.

Conclusion: Who Should Join UFUN and Sell uTokens?

UFUN claims to have made 50 millionaires in its first year of operation, which was 2014. Those who join UFUN for a business opportunity will enjoy a cut of the 10% fee charged on every uToken transaction. That can add up to a lot of money – especially when you start earning commissions on people below you in the network.

Right now, UFUN is so young that it’s impossible to say where uToken will be one year from now. But what I can say is that the company has invested heavily in uToken. I mean, buying 22% of the entire currency’s value in gold must have cost UFUN a fortune. For that reason, UFUN isn’t going to give up on uToken anytime soon.

uToken is a full-blown phenomenon in Asia, with about a dozen offices in all major Asian countries. uToken could be the next big virtual currency in America: we’ll just have to wait to find out.