With the increasing numbers of ICO, a question of choosing the ones worth to put the penny in, become more and more itchy. Obviously it is not only because of scam cases, but also because teams themselves are often not prepared for some difficulties on their ways. So they key issue is to invent services which can support investors in making the correct choices. Let me introduce one of them: UTRUM.
UTRUM has the ambition to attract block-chain enthusiasts to write objective reviews. How to make it? By providing them a salary. Today, a great number of people involved in the ICO earn money on bounty. UTRUM claims that this disturbs authors to write what they really think about the project. So, they want to change this situation and pay directly to the authors. Sounds attractive?
So let’s start from the beginning.
UTRUM from Latin means “whether”, as well as “or” and this name is taken not by the mistake. It supposed to symbolize the polyphony of website users with their different opinions and interests. On the decentralized platform UTRUM builds, there will be in-depth crypto reviews and analysis. So-called crowd intelligence will be supported by AI analytics power. And what is already pointed out, members will be paid for reviews and analysis.
Market situation:
For today the ICO market describes one word: a chaos. In one of the previous articles, I compared ICO to the gold rush from XIX century. No rules, but a brilliant chance to get rich. In all this mess it’s very easy to make the wrong investment and lost more than earn. This is especially a great risk for investors and novices. But not only, it also influences on crypto developers. In general luck-of-trust atmosphere, amounts they collect are smaller and their work results are expected to be quick and splendid. Also, cryptoanalysts suffer from this situation, with no defined community behind their backs.
Solution:
UTRUM offers their platform as a remedy on actual ICO sicknesses. They believe that IA together with crowd intelligence can give accurate ranks for the projects. Warn in case of the scam, point out strong and weak points of the projects to give a guideline for ongoing and upcoming ICOs.
UTRUM project has a great support from the Agama Wallet and BarterDex Exchange. In the reality where listings can cost millions of dollars, it’s a good sign for this product.
The exact scheme of UTRUM rewards you can see below:
A very similar working scheme used CoinFi – the project who was completely sold out, during the presale couple month ago.
Project roadmap:
According to the project Roadmap, in the 4th quarter of 2018, the alpha version of UTRUM platform ( with Crypto Database, Networking, News Feed, modules) supposed to be released. Couple months later (in beginning of 2019) beta version is expected.
As I understood from UTRUM documentation there is no working prototype for today, nevertheless how the platform gonna looks like you can check in Whitepaper.
Listing is expected for July 2018.
Team:
Sridhar Panasa, CEO and head of the project
John Westbrook, Content Manager
Kamil Dziarmaga, Community Manager
Pratap Patil, UI / UX Designer
Maksym Logvinov, Full Stack Developer
Chris Maarseveen, Research & Development
Onur Ozcan, Growth Marketing
OOT token:
Utility token of UTRUM project has ticker OOT and is based on Komodo Asset Chain. It will be released in 216 000 000 copies. Price of one OOT token during the ICO is 0,12 USD. It is possible to buy OOTS with popular coins (Litecoin, Dash, Z-cash, Komodo, Bitcoin Cash, BTC), but what is surprising, not with the Ethereum. Minimal purchase - about 60 USD.
From this 216 million issued tokens.
23% are available for purchase during the ICO
15% goes to the team
10% is a reserve fund
2% goes to the bounty hunters.
Rest (exactly 50 %) is kept for the awards.
Project soft cap – 1 million USD, hard cap – 5 times more.
Presale starts on 24th of April and will last until 10th of May (30% discount). Project ICO starts on 20th of May.
Project PROs and CONs
PROs
- Project utility
- Small soft and hard caps
- Already supporting exchange
CONs
- No prototype
- Purchase can’t be made with Ethereum
If you would like to know more about UTRUM use links below:
Links:
- https://utrum.io/
- https://utrum.io/docs/utrum_white_paper.pdf
- Social media:
- https://facebook.com/utrumdotio/
- https://www.linkedin.com/company/utrum
- https://twitter.com/utrumdotio
- https://github.com/utrum
Disclaimer: this is NOT investment advice. This is purely my opinion, based on facts found on project website, whitepaper, social media and etc. Please do your own research and decide if it qualifies with your risk profile.
Anna Hare
You can find me here:
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Twitter: @44_crypto
FB: anna.hare.353
Valuer: RuthNews: http://ruth.news/ru/team
Coins mentioned in post:
If AI can solve fundamental aspect of it, crowd intelligence may not be necessary.
I don't think that AI can resolve fundamental aspects. Do you know for example ICO-Bench bot? Often his remark diverges from experts opinions. For today it is pretty easy to cheat AI, hopefully it will change in some future:)
I don't know, but AI really needs a firm theoretical foundation made of some axioms.
We need some automatized platform because no one people and no one team can check a lot of info about every project.
I can't change this review, but according to the newest data UTRUM allows to make contributions in ETH. Token sale is still open!