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Utrum, a decentralized community platform with reputation-based quality reviews of crypto projects and assets, has announced its public token crowd sale to launch May 10, 2018. Utrum will offer OOT, a Privacy Coin and the utility token of the Utrum ecosystem. The crowd sale is the second ever dICO (decentralized Initial Coin Offering) and is being launched on the Komodo Platform (KMD). Komodo is the world leader in Atomic Swap technology and this technology will be utilized in the Utrum dICO App, allowing participants to invest in the ICO in a unique “wallet-to-wallet” transaction, receiving OOT immediately in exchange for their investment with no third-party intermediary.
A grassroots project, Utrum was born out of a Komodo Slack conversation between a few cryptocurrency investors. Founder and Project Lead for Utrum, Sridhar Panasa, had observed the multitude of scams, misinformation, and chaos plaguing the crypto-investment community at large. Having previously run a Threat Intelligence company, Sridhar has a habit of looking at new technologies from a strong security perspective.
“I saw members running around from telegram groups to facebook groups trying to get info about investments…” said Sridhar Panasa, Utrum’s Founder and Project Lead. “There was no clear authority or means by which to sort through the noise. One day I got this idea. How can we stop scams from happening and identify the quality information about cryptos? I brought the idea up to Komodo’s lead developer JL777 and he created a slack channel for us in Komodo’s slack. There I began discussing with Chris (Chris Maarseveen) and Gürkan (Gürkan Aygörmez), and the three of us have been working on the project ever since.”
Cryptocurrency is one of the highest risk markets in which to invest…and arguably the most accessible to anyone. With the increasing difficulty for investors to adequately distinguish between the good and the bad in crypto investing, many well-meaning investors have lost everything in their attempts at supporting the growth of this technology.
Utrum believes that by developing an Artificial Intelligence backed, a community-driven platform which rewards users for their help in reviewing, rating, analyzing and predicting crypto projects, assets, and teams, these problems can be solved. Through the use of blockchain, Utrum is creating an ecosystem of supportive and educational guidance for investors of all caliber, as well as a marketplace for projects and providers to showcase to a targeted investment-rich community. Utrum will also implement community-voted moderators whose job it is to help regulate and manage the ecosystem according to community governance.
The platform utilizes a new token, called OOT, which is used for various utilities and transactions within the community and marketplace, and which will be available on cryptocurrency exchanges in the future. Users who write reviews, perform analysis, and participate in rating crypto-projects or assets, are rewarded OOT based on their activity and reputation within the community.
Utrum has a diverse and growing team of individuals passionate about creating a safer and more rewarding platform, helping users become smarter crypto investors, helping good projects gain visibility and helping the larger crypto-community. The team brings over 30 years combined experience in business development, technology, security, and community management.
This new crypto startup is poised and passionate about developing a powerful community platform for crypto projects, developers, analysts, newbies, and investors to gain access to quality information and reviews. If you’d like to learn more about Utrum, visit their website to read more and join the conversation.
Token Sale starts on 10 May with 30% Bonus
Utrum – Your Crypto Playbook Intro Video
Advisors
James Lee, AKA “JL777”, is the Lead Developer of Komodo Platform, a leader in Privacy, Decentralization, and Development with a market cap of over $500 Million. He is a strong advocate of privacy and liberty in its true essence. He is the pioneer of decentralized ICOs (dICO) which he developed to curb “whale manipulation” within crowd sales. His brainchild is BarterDEX, a fully functional decentralized exchange, powered by atomic swaps and electrum servers. He also developed the Komodo privacy coin using zk-snarks and Jumblr for anonymity, and innovated dPOW (delayed Proof of Work) which gives bitcoin security to Komodo and its asset chains.
Investors
SuperNet is one of the largest Crypto Investment Funds with a portfolio worth 10,000 BTC recently purchased 1% of OOT (Utrum Token) total supply in a private sale.
Contact Email Address
press@utrum.io
Supporting Link
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Eximchain, the company bringing supply chains onto the blockchain, hits two key milestones showing positive growth and momentum since completes its first fundraising round
Singapore, April 2018 —After securing $20 million for their digital blockchain platform that empowers global supply chains, MIT founded startup, announces today a partnership with yoo, the sourcing platform that enables buyers to verify suppliers’ authenticity, trustworthiness and reliability. In addition to the new partnership, Eximchain also has released a new private testnet, an alternative blockchain used to experiment with its artificial coin. The testnet includes 250 machines across 14 regions globally and has already gone through 8 rounds of trial. Eximchain’s supply chain will help prevent businesses from losing trillions of dollars of potential revenue. Last month, Eximchain closed a successful funding round, raising $20 million from strategic contributors including FBG Capital, INBlockchain, and Hashed.
On YOOsourcing’s mobile app buyers can perform sourcing inquiries directly from a supply company’s profile and reward the positive experiences with a rating system. A crowdsourced factory verification is built into the platform to ensure validity to a displayed businesses identity. By partnership with YOOsourcing, suppliers using the Eximchain platform can monitor their inquiries, promote new products, and grow their reputation to garner future business leads. Eximchain’s blockchain network will serve to increase the trust and accountability of data and agreements shared between buyer suppliers on YOOSourcing’s platform.
The company’s (and encapsulating Infrastructure as Code) ensures privacy, scalability and security to the user. It is a public permissioned network with a quadratic voting based governance mechanism to manage consensus participants. Usually, ‘distributed’ testnet systems, and the tools to manage them, operate in simulated, small, local contexts, posing a problem for enterprises and protocol developers who should require decentralized networks to be scaled elastically through a security hardened service to actually test how the distributed systems they have built will perforn a larger, global networking scale. Eximchain’s testnet brings the operations onto a global scale, with 250 machines running the protocol on a real, unsimulated, blockchain infrastructure, which is live in US, Canada, Brazil, England, Ireland, Germany, France, Singapore, Japan, Australia, India, and China.
The testnet was built on Quorum, the blockchain for the financial sector that supports private smart contracts, creates a private data network with military grade encryption, and secures the transacting of payloads between nodes using an underlying encryption layer. The private testnet will be open to the public once Eximchain completes the scalable infrastructure testing. Users will be able to join the Eximchain blockchain, using Eximchain’s Infrastructure as Code modules, allowing them to to begin developing decentralized supply chain applications leveraging private smart contracts as well as manage the underlying infrastructure supporting them.
Eximchain’s platform is user-friendly, allowing businesses and enterprises to seamlessly integrate its solutions into existing business processes and applications. Eximchain streamlines supply chain processes by reducing barriers, increasing coordination, and instilling trust in cross-border transactions. Current blockchain technology does not meet the supply chain industry’s needs, including public transaction data, uncertain network security, and advanced IT knowledge of the system configuration.
“We are really excited about the recent developments that Eximchain has achieved since completely our fundraising round. Our partnership with YOOsourcing is strategic in that our customers will have a better understanding of how to choose suppliers, which ones are most credible and give them the best service; while our testnet shows the strength, scalability, and viability of the project.” said Hope Liu, Co-Founder and CEO of Eximchain.
About
Founded at MIT in 2015, Eximchain (short for export import on blockchain) is building a digital platform (using blockchain technology) for enterprise use to bring supply chains into the 21st century by reducing barriers, increasing coordination, and instilling trust in cross-border transactions. From supplier credit to inventory management, Eximchain’s solution offers a public blockchain with privacy, ideal for enterprise use for supply chain companies and applications looking to leverage the power of blockchain technology. So stakeholders within a supply chain can connect, transact, and share information more efficiently and securely.Eximchain is an official candidate of the Blockchain Regulatory Sandbox Program in Guiyang, China and a member of EEA (Enterprise Ethereum Alliance).
The WhitePaper of Eximchain:
Telepresence platform has decided to leverage the power of Blockchain technology to develop UbiatarPlay, a next-generation type of marketplace where people can reap all the benefits of ubiquity.
The unique value proposition of the new project is to become a human empowerment network where individuals embody Avatars to provide a service, and people at home (Usars) can enjoy real-life experiences, such as visiting museums at the other end of the world, attending concerts and visiting cities without being physically present.
A Human Empowerment Network Powered by Blockchain
UbiatarPlay will be a cloud-based, peer-to-peer system that uses Amazon Web Service data centers. At the core of the user experience provided by Avatars lies modern mobile technologies, high-quality bi-dimensional video and audio streaming, as well as the recently released UbiatarPlay patent pending technology: the Graphical User Interface (GUI).
The system puts Usars in full control of their Avatars through their smartphone’s camera. To bring the experience even closer to real life, an Avatar’s camera can be linked to a VR system with a special camera attached. The end result could be a 360-degree video streaming of a concert, museum, or landscape.
One of UbiatarPlay’s objectives is to reduce unemployment rates on a global scale. By switching on the Blockchain, the platform will leverage the perks implied (e.g. transparency, scalability, low cost transactions) to enable everyone to become an Avatar, and make extra income. UbiatarPlay is partially decentralized. The project will issue smart contracts on the Ethereum network, and all transactions between Avatars and Usars will be made in UbiatarPlay tokens (UACs).
The UbiatarPlay Utility Token
The reason UbiatarPlay has chosen to issue its very own utility token is mainly connected to the high exchange fees and lengthy transactions when dealing with different currencies. With the help of Blockchain technology, users will have a Ubiatar wallet for receiving and storing their coins. Later on, they can withdraw their coins in their preferred fiat currency via a credit card.
Storing UAC coins in a UbiatarPlay wallet unlocks several added benefits on the platform, such as:
Priority visualization to allow Usars to view Avatar profiles before making a final selection
Special colors for Avatars to help them display their offers as clearly as possible on the platform
Stickers to boost your ranking on UbiatarPlay and stand out
Booster feature to increase your level and appear more trustworthy to potential Usars
The benefits of the platform’s utility token go beyond exchanging services. For example, a Usar from Sydney may want to connect with an Avatar in the U.S. to help with the purchase of a physical object. After viewing the item live through the Avatar’s smartphone camera/VR device, the Usar decides to buy it. In this scenario, the Usar sends UAC tokens (the equivalent in U.S. dollars, plus shipping fees) to the Avatar’s wallet to make the purchase. Following this step, the Avatar ships the item to Sydney and receives UAC tokens for his contribution.
UbiatarPlay has its planned for May 9, 2018. With an MVP already live and working on the Ubiatar service, the team has raised $6,800 ETH in the pre-ICO. The project’s hard cap is estimated at $30 mln, and following the successful completion of the ICO, UbiatarPlay will continue to perfect and develop its platform throughout the third quarter of 2018.
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