dICO - Decentralized ICO is the first of it's kind tokensale offered by Komodo Platform
Komodo dICO is a Hack-Proof ICO process. In a dICO, the sale is performed within the AtomicDex exchange app using electrum servers. The sale process is completely decentralized without any point of failure. Every contribution is performed “wallet-to-wallet”. Vulnerabilities such as a Smart Contract being hacked; an attacker changing the Contract address on a website; and other attacks Ethereum ICOs have suffered, are eliminated. This is because everything happens on the blockchain using Atomic Swaps. When an individual invests in the dICO, the transaction occurs between the utrum (ticker OOT) Blockchain and the Blockchain they are buying from (e.g. BTC, KMD, BCH, etc) and is performed direct from the buyers wallet.
Using a novel delayed proof of work (dpow) mechanism offered by Komodo, we have secured OOT blockchain.
To put simply, dpow provides a regular “snapshot” backup of our blockchain to the Komodo established blockchain…which is then backed up to the Bitcoin blockchain.
This provides 2 layers of security against the most secure blockchain in the world, while allowing all the freedom of an independent blockchain.
Unlike ETH and NEO ICOs, Utrum which is a decentralized ICO have following advantages
1. Independent Blockchain
2. Ready-to-use Wallet
3. Listed on a Decentralized Exchange - BarterDex
4. Fast transaction speeds (seconds)
5. Nearly zero transaction fee 0.00001
6. Most secure tokensale that happens between blockchain to blockchain using atomic swaps.
You can learn more, "Why did we choose Komodo over ETH and NEO platforms?"
Weakness - The competitive landscape and the project's competitive advantages are not sufficiently defined
Agree with you, we will address this. Coming to our competition - We would compete with Revain for Reviews, Steemit for Analysis and Cindicator for Predictions.
We have a unique feature "Crypto Fundamentals" where we list every Project, Team, financials and related details. Reviews, Analysis and Predictions will be linked to this database.
We have fixed fraudulent practices with our machine learning algo "Trust Factor"
We have fixed upvote trending posts with blindfold rating
Weakness - There is no detailed financial plan
We do have and listed our plans to sustain utrum platform
The $OOT Utility Token Revenue Model
Utrum is a unique blend of crypto and traditional business models which operates as freemium. It is a revolutionary approach where we share platform revenues with the user community. $OOT is the utility token of Utrum Platform.
The platform will earn premium subscription revenues from institutional investors.
The Platform will earn revenues from Crypto and ICO developers to access premium features.
The Platform marketplace for buying and selling crypto related services will earn 1% transaction fee from buyer and seller.
5% APR reward for token holders will reduce inflation to some extent.
15% of the platform monthly revenues will be burnt to reduce inflation.
Two week lock period to release contributor payouts.
I do not quite understand how this product will work.
Developers and Crypto projects post their projects on utrum, analysts will review the project - members will rate the project, Artificial Intelligence will check for fraudulent practices and provide analytics. At the end, analysts and members get paid with $OOT tokens.
Institutional Investors and members will find the trustworthy and profitable projects
Utrum is a RAP platform for crypto industry. Reviews, Analysis and Predictions
The industry is in high demand of review and other ICO quality control services and Utrum seems to be up for the task
All the provided project materials are professional quality and make it easy for investors to find answers to the most common questions
Being the first Komodo platform ICO will most likely generate attraction to this project. ( correction here, utrum is 2nd dico on Komodo)
Utrum - Playbook for Crypto Investors @ Cryptocoremedia
What if you could quiet the noise and eliminate the confusion prevalent in cryptocurrency and ICO investing? What if you had a “playbook” of all the most trusted, legitimate, and carefully reviewed upcoming opportunities… whether ICO, funds, already circulating currencies, etc.?
And what if the source of this information was a transparent, highly-trusted community of members with supporting Artificial Intelligence?
This is what are we building at Utrum
It’s About Trust
As lucrative and outlandishly profitable as cryptocurrency investing and trading can be, it is arguably the highest risk investment due to a gap between our centralized culture and the nature of decentralization.
When investors who are used to trusting a centralized, regulated system are presented with decentralized and sometimes secret projects or investment opportunities, it can be all too easy to apply the same approach to trust. Often this leads to being fooled by slick websites, clever code, and skilled sales pitches.
Many well-meaning investors have lost entire life savings due to this gap in understanding and the lack of a reliable and trusted source of analytics, reviews, and verification of potential investments.
Our goal at Utrum is to bridge this gap, using some of the most potent decentralized tools available.
I do not quite understand how this product will work.
Developers and Crypto projects post their projects on utrum, analysts will review the project - members will rate the project, Artificial Intelligence will check for fraudulent practices and provide analytics. At the end, analysts and members get paid with $OOT tokens.
Institutional Investors and members will find the trustworthy and profitable projects
Utrum is a RAP platform for crypto industry. Reviews, Analysis and Predictions
This is a good idea. Many people want to invest in original and truthful projects. Choosing a project in which you can invest, and then this project will not become profitable. After that, it will close. There are also such examples.
I do not quite understand how this product will work.
Developers and Crypto projects post their projects on utrum, analysts will review the project - members will rate the project, Artificial Intelligence will check for fraudulent practices and provide analytics. At the end, analysts and members get paid with $OOT tokens.
Institutional Investors and members will find the trustworthy and profitable projects
Utrum is a RAP platform for crypto industry. Reviews, Analysis and Predictions
This is a good idea. Many people want to invest in original and truthful projects. Choosing a project in which you can invest, and then this project will not become profitable. After that, it will close. There are also such examples.
This is why Utrum is more important than ever. Analysts, Members and Artificial Intelligence will come together to choose the best projects.
Utrum: A Dream project for Crypto-lovers on Komodo Platform for All your research and education purposes and a Truly Decentralized ICO where anybody can participate using Atomic Swaps.
I just came across a heaven sent ICO for all the crypto enthusiasts on STEEM blockchain. Since STEEM is a crypto-project, a great deal of (active) people on the site are interested in and invested in various cryptocurrencies in varying degrees. But I'm sure that we all faced one common problem. by @vimukthi on Steemit
Digging out the information was HARD!
It doesn't matter if you are noob or a pro, it is a pain to get all the information. Personally I use Reddit, Twitter, Steemit, Medium, Official Websites, YouTube, Whitepapers and Random Internet Browsing to satisfy my need for the right information about the projects. But that's when I actually know about the project. Stumbling across a great project is even harder. There are so many crypto projects popping up all over the world it's hard to keep a track of. Steemit has been really helpful but not helpful enough.
Utrum to Launch Innovative Blockchain Platform Solving Trust Problems for Crypto Investors
Utrum, a decentralized community platform with reputation-based quality reviews of crypto projects and assets, has announced its public token crowd sale to launch May 10, 2018. Utrum will offer OOT, a Privacy Coin and the utility token of the Utrum ecosystem. The crowd sale is the second ever dICO (decentralized Initial Coin Offering) and is being launched on the Komodo Platform (KMD).