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The essential functions of this app are:
- Based on the Ethereum block chain.
- Anyone to sign up and log in.
- Generate ERC20 wallet (send/receive).
- upload and encrypt legal tax documents.
- create a platform where users simply add up 5 tax (deductions) numbers- verification process. If possible, once 10 users verify total amount of deducted tax from the 5 documents, if that could generate a block on the block chain.
- Upload photos and PDF files.
UTAXE is pegged directly to the total amount of paid taxes. Users submit those tax documents, once their documents are verified by 10 other users, they are paid the equal amount of their taxes in UTX. Thus, all verified tax documents add value to the token.
Basically, get paid for paying taxes.