UTRUM: BRINGING CRYPTOCURRENCY TO THE LIMELIGHT BASED ON TRUST AND RELIABILITY

in blockchain •  7 years ago 

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INTRODUCING UTRUM:

Cryptocurrency is said to be a digital asset which is basically designed to work as a means or a channel of exchange which basically uses cryptography to strictly secure it's transactions to manage or control the creation of additional units, and also to verify assets transfer. Crytocurrency is also said to operate through blockchain which serves as it's distribution ledger. Crytocurrency since it's creation has been said to be widely and broadly accepted and has also be said to play major role in creating or increasing the number of investment opportunities.
The tremendous popularity is said to be attributed to the media which helped by creating awareness thereby facilitating public acceptance of the means of exchange. As the acceptance of crytocurrency keeps growing tremendously, more cryptos are created thus leading to creation of cryptos with little or no profits for investors as well as increase in crypto-related scams etc. This is however where UTRUM comes in.

WHAT IS UTRUM?

Utrum is a platform which basically focuses on minimizing if not putting an end to crypto-related scams. They do this by creating a platform whereby experienced analysts and developers are brought closer to potential investors and newcomers. It is also a decentralised reward based platform in the sense that contributors are rewarded once they provide contents that will prove useful to the platform and this content they provide will then be accessed and reviewed, analysed and then finally rated and then the members will be in turn paid for the ratings they provide. Also, the platform is secured due to the use artificial intelligence which prevents the manipulation as well as improve scoring accuracy.

FEATURES OF UTRUM

#1. COMPREHENSIVE DATABASE OF CRYPTOCURRENCIES AND ASSETS:
The platform will have all the relevant information concerning digital assets (coin,tokens, etc) which will however serve as the basic foundation of the cryptocurrency investment principle. These relevant information will be for all digital assets in the cryptocurrency industry and also the team as well as financial details for each specific project.

#2. RATING SYSTEM:
The platform will be designed in such a way that it will subject all the different cryptocurrency related products as well as the services to strict analysis, reviews and also rating by registered users of the platform.

#3. BACKGROUND INFORMATION:
Inorder to reduce the risk of fraud, utrum will run a background check and in return provide a background information on the team that are heading the ICOs, cryptocurrencies and also assets which will be done by threat analysts said to be part of the utrum ecosystem. The analysts will thus confirm the authenticity of the team founders.

#4.MACHINE LEARNING ALGORITHM:
This is said to be integrated into the system and it's essence is to learn from rating patterns of the registered users, inorder to point out any fraudulent activities and also as the community grows, the AI becomes more smarter.

#5. BUILT-IN REWARD SYSTEM:
Utrum incorporates an OOT token base reward system which is given to users who provide the platform with useful informations.

#6. DYNAMIC REPUTATION SYSTEM:
Utrum improves the reputation score of members who keeps changing as they post and also when other members rate their posts as well as review and analysis it. This is done to help motivate analysts and contributors to perform even more better.

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MEMBERS OF THE UTRUM PLATFORM

Utrum platform comprises of the crypto developers, analysts, members and trustees who makes up the ecosystem.

#1. CRYPTO DEVELOPERS: Refers to cryptocurrency as well as blockchain entrepreneurs who are either creating cryptocurrency, ico, services or other assets in the cryptocurrency industry.

#2. ANALYSTS: Utrum basically consists of at least 3 categories of analysts which includes:
THREAT ANALYSTS: Who are concerned with running background checks
CRYPTO ANALYSTS: Performs deep technical analysis
MARKET ANALYSTS: Focuses on trading as well as character predictions.

#3. MEMBERS: Refers to the novices or newcomers to cryptocurrency, who are seeking for insight or indepth knowledge in cryptocurrency prior to investment.

#4. TRUSTEES: Refers to the moderators who will provide general supervision as well as input according to the best regards as well conduct and goals of the utrum community.

SOLUTIONS OFFERED BY UTRUM
For there to be a solution, there must be an existing problem. Cryptocurrency investment is known to been faced with issues like: lack of trust, lack of awareness, and also untrustworthy information. Utrum however is said to offer the following solutions.

#1. SECURITY: With utrum which operates on blockchain, a more secured platform is assured for whosoever that wishes to share information and also those who wants to access the shared information because this informations will not be able to be altered after it has been shared.

#2. CONFIDENTIALITY: Utrum assures protection of the identity of the contributors and as well assures also quality information promoting honesty.
#3. OWNERSHIP: Utrum provides a self regulating community whereby as a decentralised system, both contributors and members can validate information provided.

UTRUM TOKEN

The utility token used on utrum platform is the OOT token which can be used by members to seek for expert advice as well as buy or sell crypto- related services within the utrum platform. Also contributors and members within the platform can also earn the token as reward and it can be bought or sold outside the utrum platform.

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MEET THE TEAM

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ADVISORS

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FOR MORE INFORMATION ABOUT UTRUM:

Website: https://utrum.io

Follow on Medium: https://medium.com/utrum

Follow on Twitter: https://twitter.com/utrumdotio

Join the Telegram Group: https://t.me/utrumdotio

Follow on Facebook: https://www.facebook.com/utrumdotio/

Whitepaper: https://utrum.io/docs/utrum_white_paper.pdf

Bounty: https://bountyhive.io/browse/Utrum

Bountyhive Username: zubbykay

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Nice article Utrum is definitely an amazing project worth considering

Hello! Good article! I'm interested in the them of ICO and crypto-currency, I'll subscribe to your channel. I hope you will also like my content and reviews of the most profitable bounties and ICO, subscribe to me @toni.crypto
There will be a lot of interesting!

I hope komodo is a very good blockchain for hosting this token

  ·  7 years ago (edited)

Komodo? Will visit the website for more information...

Wow that's a great step for Utrum

I hope this project delivers well sa that investors can invest in any project without fear, Nice write up

Cool info, i will check the project out.

Checked Utrum out after reading your article it's already on Coinmarketcap (CMC)..
I believe it's going to be big..
https://coinmarketcap.com/currencies/utrum/

Utrum setting the pace for others to follow. Lovely acticle