What is Utrum?
Utrum is 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.
The Cryptocurrency industry is one of the highest risk investment ecosystems available for the retail investor. Below we’ve identified several primary concerns and problems we seek to solve.
In designing Utrum, we’ve mapped out some of the key components to solve these problems and provide a secure, robust, cheat-resistant system.
How It Works
Utrum brings together the best of both traditional business and agile crypto models, forming a platform which operates as “Freemium.” It is a revolutionary approach in which we share revenue generated by the platform with the user community. Utrum’s $OOT is the utility token powering this community. Here are a few of the features of Utrum
- The Platform will earn premium subscription revenue from institutional investors.
- The Platform will earn revenue from Crypto and ICO Developers
- The Utrum Marketplace for buying and selling crypto-related services will earn 1% in transaction fees for the Platform.
- The 0.834% vesting reward will help reduce inflation.
- The Platform will burn 15% of monthly revenue to reduce inflation.
- Contributor payouts will be locked for two (2) weeks before being released.
- Members can ask Expert Advice
- Premium subscription for in-depth tech and market analysis
- Buy/ Sell crypto related services
- Crypto/ ICO developers can access platform services
60 days vesting period.
- 50% – content rewards
- 15% – tokens are burned
- 10% – Monthly Loyalty Bounties
- 25% – Infrastructure
- 70% to reviews and analysis
- 30% to ratings
- 24 hours blindfold to see rating results.
- 15 day payout to reduce inflation
- Rewards will be given for 30 days after post date
- If platform revenues are less, then reward pool will pay out
Wallets and Exchange
Utrum OOT tokens are supported by the following Wallets and Exchanges. To participate in the OOT dICO or any of our pre-sale bounty programs, you can setup an OOT Wallet today using one of the options below.
Utrum Platform Mockups
Get a sneak peak at the Utrum Platform portal!
How Utrum Compares
We are developing a curating community of trust for Crypto-Investors world-wide. Below is a simple chart to demonstrate some of what we are building and how it compares to similar platforms previously developed in the blockchain space.
As with most blockchain projects, Utrum believes in practicing agility in our planning and implementation. However, we’ve set up what we believe are some very attainable major milestones in the launch of the Utrum Platform.
Meet our Team
Utrum has a diverse and global team of individuals passionate about improving cryptocurrency investing and dedicated to building a trusted ecosystem for the crypto-community at large.
Our platform is people driven and community oriented to enhance safety and trust in the cryptocurrency and blockchain world.
Interested in our Project? We are a community project. We welcome you to join us.
Join us at Slack and Discord
Make investing user friendly with simple scores and ratings.
Frequently Asked Questions
What purpose does OOT Utrum Tokens serve?
OOT is the utility token of the Utrum Platform and used in a variety of ways such as:
- Seeking expert advice
- Accessing in-depth technology and market analysis of cryptocurrencies, ICOs, tokens, and other Crypto-products/services.
- Buying and Selling crypto-related services within the Utrum Marketplace
- Voting Power in community governance and decision making
- Providing compliments for other members within Utrum
What are the benefits of buying or holding OOT tokens?
- Members who hold (vest) their OOT for a period of 60 days earns 0.834% reward.
- Members who purchase OOT during the Crowd Sale will receive a 1-year free subscription to Utrum’s in-depth technology and market analysis after beta launch.
- Institutional Investors who buy OOT tokens have access to premium subscription services within Utrum
- ICO and Crypto developers who buy OOT tokens from other token holders will have access to Utrum platform services.
How many OOT tokens will be "minted"?
- Pre-beta launch is 54 million circulating supply.
- Total supply is 216 million and no new tokens minted thereafter.
What is the cap for the OOT token Crowd Sale?
25% of total supply (54 million) is assigned to the launch and crowd sale of Utrum. Of this 25% tokens, 2% is assigned to bounties and referrals, the remaining 23% available for the public crowd sale.
- Soft Cap (minimum fundraising goal) is $1 million USD
- Hard Cap (maximum available for sale) is $5 million USD
Who can participate in the OOT Crowd Sale?
Please check with your local government and regulations. US, China, Singapore, Canada, and Israel citizens cannot participate.
- Users can buy OOT tokens after registration
- Users will download dICO app from customer portal and buy tokens which work like shapeshift.
- Users will have immediate access to the purchased tokens
What is the minimum and maximum OOT a member may purchase during the ICO?
As we are using Atomic Swaps for our Token Sale, we have placed preset limits on the token min/max amounts. Minimum purchase of OOT is $60 USD equivalent and the maximum purchase is $60,000 USD equivalent according to the OOT ICO Exchange Rate of $0.12 USD / OOT.
How are team OOT distributed?
- 15% of the total supply of OOT is allotted for the Utrum Team.
- These funds will be locked with 33.33% being released each year during the first 3 years, with the first release occurring 6 months after the Crowd Sale (Nov 2018).
- The second and third release will occur after 1 year from the previous (Oct 2019 and Oct 2020 respectively).
How are tokens "burned"?
Burning tokens mean taking them out of the supply. Utrum’s total token supply is 216 million OOT. There are many ways to accomplish this, the simplest being to send them to an unrecoverable address.
Utrum will perform token burns according to the following schedule.
15% of the monthly platform revenue generated will be burned until 15% of the total supply of OOT has been burned (32 Million). This will leave 184 Million OOT. Utrum projects this could occur within 5 years, depending on platform growth.
If Utrum generates $100,000 revenue in a month, the following is how this revenue is broken down.
- 50% OOT goes to Reward Payouts ($100,000 * 0.50 = $50,000 worth of OOT)
- 15% OOT gets Burned ($100,000 * 0.15 = $15,000 worth of OOT)
- 25% OOT goes to Infrastructure Costs ($100,000 * 0.25 = $25,000 worth of OOT)
- 10% OOT goes to Monthly Loyalty Rewards ($100,000 * 0.10 = $10,000 worth of OOT)
How does OOT Holding Reward (OHR) work?
- Members who hold their OOT for a period of 60 days earns 0.834% reward. Example, if you hold 1000 OOT, you get 1008.34 OOT at the end of time period. It is entirely up to members to participate in this reward program.
- The Purpose of this reward is to keep OOT tokens away from circulation.
What is the OOT inflation rate?
Although we have pre-mined OOT, we’ve also taken steps to control inflation. Inflation rate is directly tied to platform growth. Our inflation is based on the number of users and revenue. For example, if revenue is low or zero at the beginning, inflation will be higher. However, in this case rewards will also be fewer/lower as there are fewer users. As more users join the platform, revenue increases and the inflation rate will decrease as rewards are paid out.
What is an Atomic Swap?
Atomic Swap is the term to describe a direct trade between two wallets of two different coins or tokens. For example, trading BTC for LTC at an agreed-upon price or market price, Wallet-to-Wallet, without any exchange or intermediary, is accomplished using Atomic Swap technology. The technology to accomplish this has been developed by Komodo Platform, the platform upon which Utrum is built. To learn more about Atomic Swaps, visit https://komodoplatform.com
How do I buy OOT tokens?
To participate in this crowdsale, register here https://utrum.io/ico/register
After the crowdsale, OOT will be available on the BarterDex decentralized exchange. We anticipate OOT to be added to more exchanges after the ICO has ended, but this is completely up to each exchange.
How will Utrum Platform be sustainable?
Utrum implements a “Freemium” model with the following features:
- The OOT token is 100% a utility token.
- To subscribe to Utrum Premium features, such as in-depth analysis and market predictions, Institutional Investors and Members will use OOT.
- Crypto and ICO Developers will use OOT to promote their content within the Utrum Platform.
- Members will use OOT to seek expert advice.
- 15% of monthly revenue generated will be burned.
- 0.834% reward is paid to members who vest their OOT for 60 days. This reward will be paid for the first 5 years.
- Contributor funds are released after a two (2) week lock period.
How do I earn OOT tokens?
There are several ways in which OOT can be earned within the Utrum Platform.
- Members earn OOT by participating in our bounty and referral programs.
- Members earn OOT through contributions such as Reviews, Ratings, and Analysis.
- Analysts earn OOT through in-depth technical and market analysis.
How will Utrum retain Platform users?
Besides the built-in content rewards system, we have planned two monthly member loyalty rewards for encouraging members to remain engaged within the platform.
1. OOTER of the Month (OTM)
Every month a contributor within Utrum who has received the max number of ratings for their total reviews and ratings from that month will receive 5% of the platform revenue as a bounty. This is designed to encourage our members’ participation each month in writing quality reviews. OTM is limited to once per 12 months per member.
2. OOT Resident Bounty (ORM)
After a member has been a part of Utrum for three (3) months and spent a minimum of 60 hours per month within the Platform, they are eligible for the ORM reward. The system will randomly select a member from this pool who will receive 5% of the platform revenue from the current month. ORM is limited to once per member.
Team members and Trustees are not eligible for these bounty programs as we’ve designed them to reward our participating members.
What is the 10% Operation Reserve used for?
Our Operation Reserve is set aside for scaling up our infrastructure and partnerships as we grow the platform.
What does "Utrum" mean?
Utrum is the Latin term which means “whether”, as in “or”, and we chose this for a portal where members are voting and choosing between two opposing view points…” whether this or that.”
What is the significance of OOT?
Utrum is pronounced “Oothrum” in Latin, so we took the first three letters from this pronunciation, “OOT”, for our Token symbol. However, for our project, Utrum is pronounced “You Trum” and OOT is pronounce exactly as it’s spelled, “OOT”