In 2014, Vitalik Buterin, launching the Ether - created the theme "Welcome to a new world." « (Welcome to the new beginning) »
Since the beginning of the bitcoin era, alternative cryptocurrencies have presented new and unknown challenges to centralized, state-regulated systems.
Decentralization removes intermediaries, providing transparency to individual monies, contrary to many of the speeches of politicians involved in budget allocation.
And this new cryptocurrency changes the existing order of power, our outlook, and our culture. A huge step, from centralization and total regulation.
The concept of unregulated and decentralized currency can be very difficult to grasp, especially for those who are used to trusting banks and states, paying taxes, or those who want the “safety” of being controlled by financial regulations. With the entrance of cryptocurrency the bank and the state are at risk of becoming obsolete, people are beginning to understand that besides the bank, which acts as a very expensive "guarantor"...an intermediary...that there are other options.
Nowadays when we go to the bank to make a transfer to another country, the bank takes a fee. But why should fees be charged if the money transfer is instant and theoretically free for the bank to make? We pay taxes, but do not know where our money goes. These are the usual schemes that are demonstrably outdated with the advent of cryptocurrency.
Investors in cryptocurrency often act based on the same traditional schemes they’ve become used to, the trusted wrapper and well-worded whitepaper. They see the snippet of information about the idea, the team with Linkedin profile links, and ultimately they invest not in the future project but the beautiful site. Investors end up paying for the marketing costs to loop more investors into a clever sales pitch and “vaporware” product. These scammy projects invest heavily in professional salesmen who are able to sell sand in a desert, ice to an Eskimo.
To move from the old values of centralized and regulated investment and into decentralized, confidential investment, the Utrum project was created, the goal of which will be to unite investors, analysts and developers on the same platform. But where there are people evaluating and providing feedback, such as the Utrum Crowd Wisdom model, there will always be the possibility of error. Therefore, Artificial intelligence (Ai) has been added, which will work with the community-resultant data.
Let’s briefly talk again about our friend Vitalik Buterin, mentioned at the beginning of this article. The environment and expectation he developed allowed the release of tokens for new projects on the Ethereum platform. This paved the way for many tokens to enter the market with the simplicity of these tokens being supported by a single wallet. But there are developers who have made other platforms, one of which is Komodo.
Komodo is a platform which combines the features of total anonymity, security, productivity, and independence. Komodo is the leader in the development of atomic swaps, which allow users to exchange cryptocurrency without the participation of a third party...wallet-to-wallet cross-chain trading of cryptocurrencies. Komodo makes this possible utilizing its decentralized exchange BarterDEX. Using a service which is freely available on Github allows users to evaluate the open source code and have a trusted experience in interacting with the Komodo Platform. This transparency and the incredible strides made by the Komodo dev team place their DEX in the forefront in the industry.
One of the coins that are made on the Komodo platform is Utrum’s OOT token, on an independent asset chain formed from Komodo. Getting Utrum OOT has been made very simple via it's DICO. A DICO, or Decentralized Initial Coin Offering uses AtomicSwap technology, meaning there are no smart contracts, no third parties, no centralization of coin management. OOT can be obtained using either BarterDex or Utrums own “grandma-friendly” dApp to instantly and wallet-to-wallet purchase coins at the fixed crowdsale price of $0.102/token (USD).
Utrum is a very strong, high-quality project, especially in its potential for reasonable investments, the symbiosis of artificial intelligence and analytical reviews. The project is focused on decentralization and immutability of trust. In the Utrum platform analysts will be rewarded for their research and market analysis, as well as reviews of Crypto-currency assets and projects, and market forecasts for any category of investors.
Of course there are already reviews, analysts, and the whole of YouTube being hammered by forecasters. But if you think about the Utrum system and make some comparisons, it turns out that the majority of analysts are either producing paid content or hold the coin which they are reviewing, in an attempt to pump their own portfolio. The bias present in current market information makes the info completely worthless to the investor.
There are quite a lot of reviews for the future of ICO, there are sites, there are beautiful figures, usually green, making hypes statements. But what is behind these figures? Behind them are real people who receive money for their positive review. It seems that everything is orderly and noble based on the “wrapper” these sites present. Only there have been cases when a positive review was paid for and the "dead" project received high, green marks, benefiting the holders who sold at the top of the pumped information.
Utrum is decentralized and on the blockchain. Utrum is transparent. Utrum is immutable and a privacy coin.
Read these words. Review writers and those voting on the accuracy of reviews and analyses, are not being hired by projects or paid by a central company. Users of Utrum are rewarded for quality and voting on content is conducted in a “blind vote” with the support of Ai to mitigate manipulation. And any analyst, forecaster, novice investor will be able to make a choice based on unbiased information.
Within the framework of one project, several very important points are analyzed and reviewed, with the help of which it will be easier for investors and participants to make decisions. Utrum is the first project where all this information will be in one place. Reviews, analysis, market prediction, company ratings and an extensive crypto database are just a few of the features being combined into one platform.
The first is the initial information about the ICO, the data about the goals, the team and the assets.
Utrum uses machine learning to minimize fraud on the platform, a rating system, to reward participants who publish real information, a reward for platform participants, for using Utrum a database will be collected for each cryptocurrency asset. The result will be a project on an excellent independent high-tech platform, a project with a strong team, with a focus and relevance both in the present and in the future.
Utrum OOT, a coin based on the Komodo chain - is also entirely independent. It embodies the original ideals of cryptocurrency, it is independent, with its wallet, its blockchain, and with its explorer. Initially, Utrum which uses its own wallet is also already listed on the decentralized exchange BarterDEX.
OOT transfers are nearly free and lightning fast. The Utrum asset chain uses decentralized proof of work to backup to the Komodo blockchain and, in turn, to Bitcoin.
Sales of Utrum OOT through their public crowdsale in recent weeks speaks to volumes. Therefore, I believe that much will depend on decentralized exchanges, especially given that many now have begun to require verification.
It seems nearly every day there is news that yet another exchange requires data from traders, more and more projects require the passage of KYC (know your customer), and this even goes to the bounty hunters from whom photos and photos with documents are required.
Every day, one of the main principles of decentralization and cryptocurrency is lost - anonymity.
Many eager investors interested in getting involved in the crypto community see KYC becoming the norm and state regulation becoming mandatory. In fact, this is one of the last convulsive attempts to take control of cryptocurrency. So we can conclude that this project is in demand...a privacy-centric community where people vote with their cryptocurrency and their conscience.
Of course, for a complete understanding, we need to look at the numbers.
As of the writing of this article, 06/18/2018
Utrum already exists on the CoinmarketCap
Discount 15%
SoftCap: 1M dollars - Reached!
Hardcap: 5M dollars
Raised: 1.147.869 USD
Sold: 11.996.095 OOT.
https://utrum.io/
https://coinmarketcap.com/currencies/utrum/
Bitcoin took about 8 years to reach the current level. And the initial price of bitcoin was just less than a dollar ...