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 5% APR 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
5% APR REWARD
8 weeks 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
Team and Community
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.
Make investing user friendly with simple scores and ratings.
As Seen On
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 8 weeks, earn a 5% APR 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.
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 does Utrum's APR Reward work?
- 5% APR is rewarded to token holders who have vested their OOT for a minimum of 8 weeks. Funds vested are auto-locked for the 8 week period of time after which the OOT is accessible.
- APR Rewards will be given for 5 years.
How are team OOT tokens distributed?
- 15% of the total supply is allotted for the Utrum team. These funds are initially locked and 33.33% of these locked funds are released each year, for the first 3 years.
- The first token release is 6 months after the Crowd Sale (Nov 2018)
- The second token release is Nov 2019
- The third token release is Nov 2020
How does token burn works?
216 Million total supply. 15% of the platform monthly revenues will be burnt, till we reach 15% (32 Million) of total supply (216 Million), 184 Million tokens will be left after 15 % token burn. This might happen in 5 years depending on the platform growth. Example – If Platform makes a revenue of $100,000 USD in a month from buy/sell services, premium subscription, and ad revenues.
- $100,000 * 0.50 = $50,000 worth OOT goes to reward payouts
- $100,000 * 0.15 = $15,000 worth OOT gets burned
- $100,000 * 0.25 = $25,000 worth OOT goes to infrastructure costs
- $100,000 * 0.10 = $10,000 worth OOT goes to monthly loyalty rewards.
What is the OOT inflation rate?
Even though we have pre-mined, we have taken steps to control inflation. The rate of inflation is directly related to the growth of the platform. Our inflation is based on the number of users and revenues. If we have no revenues at the start, then inflation is more but in this case, rewards also will be less as we have less number of users. If we have more number of users, the platform revenues will also increase and the inflation rate will be less as the rewards are paid from platform revenues.
What are Atomic Swaps?
Atomic swaps is a cutting edge technology that enables two parties to exchange cryptocurrencies from different blockchains in a trustless manner, which does not require the need of a third party or centralised intermediaries to make these swaps work. The whole exchange process is decentralized making it truly peer-to-peer. When an individual invests in the Utrum dICO, the transaction occurs between the OOT Blockchain and the Blockchain they are buying from (e.g. BTC, KMD, BCH, etc) and is performed direct from the buyers wallet.
How are you going to sustain utrum platform?
Utrum operates as a freemium model
- $OOT is 100% utility token, not vaporware
- Institutional Investors and Members need $OOT to subscribe premium features like in-depth Analysis and Market Predictions
- Crypto and ICO Developers need $OOT to promote their content on the platform
- Members need $OOT to seek expert advice
- 15% of monthly platform revenues will be burnt
- 5% APR is given to members for 8 weeks vesting period. APR is valid for 5 years.
- Contributor funds will be released after a two-week lock period.
How can we earn OOT tokens?
- Members can buy tokens in our crowdsale
- Members can earn tokens by participating in our bounty and referral program
- Members can earn OOT tokens for contributions like reviews, ratings, and analysis
- Analysts can earn OOT tokens for in-depth tech and market analysis
How are you going to retain users in your platform?
Apart from content rewards, we also have planned monthly loyalty rewards for members to keep them engaged in our platform.
- OOTER of the Month (OTM)
Every month, a contributor who has received the maximum number of ratings for their total reviews and ratings generated in that particular month will receive 5 % of the platform revenues as a monthly bounty. This will encourage members to participate every month and write quality reviews. Member once awarded OOTER of the month will not be eligible to receive the reward for next 12 months so that other members can be rewarded. The development team, support team, Trustees (Platform Moderators) are not eligible for the bounty.
- OOT Resident Bounty (ORB)
A member is eligible for this bounty if their account is older than 3 months and has spent a minimum of 60 hours per month on the platform. The system will select a member randomly after checking the eligibility criteria. They will receive 5% of the platform revenues generated in that month. Member who has received this reward is not eligible for the rest of life. The development team, support team, Trustees (mods) are not eligible for the bounty.
Why did you set 10% for operation reserve?
We would need this reserve to scale up in terms of infrastructure and partnerships when we grow.
What does utrum mean?
utrum means “Whether” “or” in Latin. There can’t be a better name than utrum for a review portal where members decide this or that.
What is the significance of OOT?
utrum is pronounced as “Oothrum” in Latin. We have taken first 3 letters “OOT” for our token symbol. But we pronounce it as “you trum” normally 🙂