URAllowance is a USA-based platform that seeks to integrate traditional family and personal values with modern-day technologies.
URAllowance is a USA-based platform that seeks to integrate traditional family and personal values with modern-day technologies. Based on a blockchain and operating with the URA token, this platform is two-sided – one for parents and one for children. The parents deposit URA tokens and conclude ‘contracts’ with the children for finishing doing tasks or achieving goals. When a goal is achieved, the agreed reward, in the form of URA tokens is transferred to the child’s wallet. Parents have the whole control over devising a financial plan fit for their needs, designing the tasks and what rewards come out of them. The children can choose to spend or save their earned tokens. The Family-Smart Contracts provide a more sensible and easier way for managing allowances which in the USA account to $41 billion a year and which are the basis of many arguments over quantity/quality of tasks done to deserve the money and the appropriate amount. The ICO will end on September 30th, 2018.