Introduction
The 21st Century has come with a paradigm shift which came with loads of benefits.
Blockchain technology and Cryptocurrency received wide acceptance since inception which has given a great market growth. In the year 2017, there was an exponential growth in the market capitalization of cryptocurrencies by over 1600% the worth of this growth was about 600 Billion USD and the projection of the market capitalization by 2020 is $20 trillion.
Reasons behind the upsurge
The main reasons behind the growth of the adoption of digital currencies and the entire blockchain technology could be traced to the numerous advantages it has over other currency transactions which many people are just coming to the understanding of it as against the preconceived initial mindset that blockchain technology is only for Geeks, that is, those who have great knowledge and understanding about the way it works.
Advantages of Blockchain technology
Here are some of the advantages of Blockchain technology that is making it receive wide adoption
- The security of the decentralized system is much more reliable than the centralized system
- The Freedom it gives, which makes transaction done without any restrictions
- The liquidity of the digital currencies
- High returns on investment is common with cryptocurrency investments.
- Cryptocurrency also enable cross-border transactions without any restriction.
Demerits
As much as Blockchain technology posses many great advantages it also has its own downside and demerits too.
- The market of digital currencies requires skilled investors, who will study the growth and trend of the market over the time to be able gain and make profit.
- Also there is issue of unpredictability of the market which has led to many confusions and lost of huge asset and invested funds.
- Being digital base, it has shut out some investors who are not technologically inclined from investing
Trust problem
Based on the fact that the blockchain technology and the entire cryptocurrency system work on the trustless principle, this has made many investors to fall victim of some pump and dump ICOs (Initial Coin Offer), and some other cryptocurrency related scams that have rendered them bankrupt by ripping them off their hard earned money. The reason is owing to the fact that people are not well informed and there is lack of trusted system to authenticate any investment. Even though there are lots of means through which investors can gather information to safeguard them for investments, but most of these means don't give accurate prediction as Blockchain technology is based on trustless system.
Here comes the Solution!
Utrum is the answer to all Cryptocurrency trust problem:
Utrum is solving the cryptocurrency trust problems through a decentralized platform providing reputation-based and quality-curated Crypto Reviews, Analysis, and Market Predictions for cryptocurrency investors and newbies. The ecosystem is designed to reward participants in OOT tokens through an advanced implementation of crowd wisdom, AI, and member-elected “Trustees” who represent the best interests of the network.
How it works
Utrum is a great platform that gives unbiased and authentic analysis of cryptocurrency assets, Initial Coin Offer (ICO) and other investment opportunities on the blockchain technology and cryptocurrency.
Uturum gives people who are knowledgeable and skilled on blockchain technology and digital currency investment to authenticate with a given designation of trust scores on their contents. This allows them to get paid for their knowledge and skill which they share with the community.
These knowledgeable people are able to share their unbiased reviews and predictions which cannot be altered on the platform.
So, on Utrum, Investors are safe because they will be able to make wise investment decision which will maximize their returns on investment.
Because the platform is built on the blockchain, which is decentralized, there is security in the payment ledger.
Features
Here are the features of of Utrum that makes it outstanding
Confidentiality
Uturum ensures that identities of the contributors are kept confidential while quality of information provided is maintained. This features promotes honesty in the platform without any consequence of sharing negative information. This helps to promote good and honest review from the contributors.
Security
Based of the fact that the platform is built on the blockchain which makes it decentralized, the security is guaranteed. There is no much fear compromise on the system.
Validation and Reward system
UTRUM platform's validation of information are done by the members of the community. The platform connects experienced developers and analysts with investors and also new users. The contributors are given Utrum token (OOT) as rewards. Members are also rewarded with Utrum tokens for the ratings they provide. These ratings is very essential because it represents the general trust people have on the information given by the contributors.
Profile Creation
Utrum platform creates a profile of every cryptocurrency. These profile contains the basic information about the project and what is all about. It also contain the reviews and analysis by users on the platform and the team behind the project. This gives developers room to create business pages which can be open for honest reviews and assessments on the platform by users.
Election of Trustees
Trustees are elected by the community to coordinate the platform and to provide general oversight function and give necessary inputs.
Token
The token that is being used on Utrum platform is OOT. It is ERC-20 compactible which serves as the medium of exchange and serve the purpose of rewards for contributors
My Review
The ICO is live! Participate in the ICO and receive good returns on investment. Utrum project is very promising.
Check Token details here:
For more information
Website: https://utrum.io/
Whitepaper:http://utrum.io/docs/utrum_white_paper.pdf
Telegram:https://t.me/utrumdotio
Facebook: https://www.facebook.com/utrumdotio/
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