WHAT IS UTRUST?
Cryptocurrency have evolved through the years since the introduction of bitcoin. The benefits of blockchain technology have equally crept into every sector of life ranging from security, power distribution ledger, esports, artifical intelligence to every aspect of life to reiterate again. Over time there were thousands of exchanges for bitcoin accepting fists and recently exchanging bitcoin for other cryptocurrencies. Most governments especially in the middle East are proposing to endorse Block chain technology into their financial system.
After the exchanges, then came the question of how to spend it directly, the likes of Monaco, TenxPay and Centra tech then came but their cards are yet to be used efficiently and widely accepted.
So, what is UTRUST? And why is it needed?
I believe UTRUST would eventually bridge the gap between the mainstream and cryptocurrencies and I see it been adopted by financial institutions while it still maintains its decentralization.
UTRUST is a revolutionary payment platform that enables buyers to use their favorite cryptocurrency in order to pay sellers (private or merchants). We provide sellers with the safety and convenience of receiving funds in fiat currency, and offer the best consumer-protection to buyers, by acting as trusted mediators. We combine the best payment protection features of current-generation fiat systems with the innovative features of blockchain and blend in the unique features provided by our own token.
The UTRUST Platform aims to provide the consumer protection buyers take for granted in traditional online purchases, acting as a mediator, resolver of conflicts, enabling the possibility of refunds to mitigate fraud, while shielding the merchant from crypto-market volatility. We want to build upon the best features of cryptocurrencies, enabling fast transactions, lower fees and low cross-border transaction friction, enabling merchants to sell to a growing worldwide audience of crypto-holders. In sum, we aim to build the payment API for marketplace integration that will become the crypto-contender to PayPal.
Isn't that amazing? For me, if you have never had a reason to invest in an ICO, now is the time to throw in much Ethereum and bitcoin as you can.
A tiny change today brings a dramatically different tomorrow. – Richard Bach, One
I need not to say much further, but take cognizance of my statements, you'd refer to it one day.
UTRUST TOKENS
The token would mostly be like most tokens where you can spend it directly on the utilisation it is attached to or hold for the future. However it's value will be attached to the minimization of the tokens over time as the fees from the token issued as a form of payment would be used to buy more tokens and the bought tokens would be burnt. This would make the token skyrokect in value beyond your imagination.
It is an ERC20 token.
Remember I said it would be a replacement of PayPal, I didn't add bitpay too. Check the picture below and jidge for yourself.
ROAD MAP
UTRUST ICO
The maximum crowdsale cap is set at $49 MM (forty-nine million USD), with accepted contribution tokens in both BTC and ETH. The total pool is fixed at 1,000,000,000 (1 billion) tokens, and will be segmented in a single round totaling 70% of the pool, preceded by a 5% pre-sale sale and with 10% already preallocated to private stakes. In aggregate, all publicly available rounds will total 75% of total minted tokens, with our minimum contribution stake is set at 0.2 ETH / 0.02 BTC.
ICO date would be announced 1st week of October, follow the links below to be updated.
ICO link/official link utrust.io
Telegram https://t.me/utrustofficial
Twitter https://twitter.com/UTRUST_Official
Facebook https://www.facebook.com/utrust.io/