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.
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, Whitpapers 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.
We do have analysts and reviewers on Steemit and YouTube. But they are not that easy to navigate. Neither Steemit nor YouTube is specialized for discovering Cryptocurrencies. Discord and other online communities can help. But even they aren't purpose built for the job. A great deal of time is wasted going through these information sources. Without accurate information, we can't really make good investment decisions. Also don't forget about the exhaustion.
Utrum solves all those problems and it is Private & Decentralized to the ICO
Utrum is pronounced as “Oothrum” in Latin. It means “Whether” “or” and according to the creators, it is the best fitting nae for the project and they have named their token OOT based on the pronunciation. Here is the list of things they claim to do and tell me if it isn't a wet dream:
- A comprehensive database of all crypto related products and services with team, product, news and market details.
- Reviews and Ratings for Cryptocurrencies / Tokens / ICO and related crypto services.
- Technical / Market / Educational crypto analysis by experts.
- Reviews are populated by crowd wisdom and Artificial Intelligence.
- Members can ask questions and get professional advice from Experts.
- Marketplace to buy and sell Crypto related services.
- Knowledge base with crypto articles and videos to educate Crypto Novice.
- Networking place to meet other crypto enthusiasts.
- Background checks of ICO/ Crypto developers by investigative analysts. Social Media, Search engine, domain checks of the team members including call and vouch.
- Machine Learning Reputation system “Trust Factor ” will learn rating patterns and results as the community grows to avoid fraudulent practices.
- Contributors and members are rewarded for their reviews and ratings with $OOT tokens. Analysts can earn tokens for in-depth tech and market analysis.
- Institutional investors and other members can access in-depth technical analysis and market prediction analysis of Cryptos / ICOs with a premium subscription.
To give you an idea of how important and valuable this Utrum platform is I'd like to ask you to search about Palm Beach Confidential from Teeka Tiwari. It costs $4500 and only offer some basic crypto education and a list of recommendations. Most Cryptocurrency newsletters charge $1500 to $3000 and that is after a discount. Companies like Stansberry Churchouse Research are charging massive amounts of money and that alone isn't a problem. The real huge problem is that I always have to buy the whole package and I can't afford that much. i'm sure I'm not alone in this. Projects like Utum allow people to e flexible. It also puts all the resources in a single place. That makes life and investments so much easier.
Palm Beach Confidential editor Teeka Tiwari is widely considered as one of the premier crypto analysts in the world. In this advisory, Teeka uses a strategy called “asymmetric investing,” which allows you to turn small sums of money into life-changing gains. Teeka’s successfully used this strategy to create one of the best cryptocurrency portfolios in the world.
For people who doesn't know anything about Cryptos, Teeka will be a great expert. For those of us who have been around the market and understand things better, a professional newsletter worth few thousand dollars isn't worth it (Unless that's what how much money you make in a couple of days)
An interesting comparisons chart
The Komodo Platform and True Extremist Decentralization
Few months ago I wrote an article describing Enigma and Komodo as the real competition of EOS.
“Americans mythologize competition and credit it with saving us from socialist bread lines. Actually, capitalism and competition are opposites. Capitalism is premised on the accumulation of capital, but under perfect competition all profits get competed away.”
― Peter Thiel, Zero to One: Notes on Startups, or How to Build the Future
Every single ICO held on this planet is Centralized. It can be controlled by governments. If you live in China or USSA, good luck getting into an ICO. It isn't decentralization when potentially over a billion people are not allowed to participate. KMD is the only current exception. Just take a look at EOS.
It was decided that U.S. citizens, residents and entities should be excluded from purchasing EOS Tokens in the token distribution because of some of the logistical challenges associated with differing regulations in the many states of the United States of America. block.one does not believe that the distribution of EOS Tokens or the EOS Tokens themselves are securities, commodities, swaps on either securities or commodities, or similar financial instruments. The EOS Tokens are not designed for investment or speculative purposes and should not be considered as a type of investment. Nevertheless, U.S. citizens, residents and entities should not purchase or attempt to purchase EOS Tokens.
https://eos.io/faq
I have high hopes for EOS. But I know when something sucks at something. With Komodo Platform you can have a truly decentralized ICO with
- Atomic Swaps
- Zero-Knowledge Proof Privacy Technology
- Agama Wallet Integration Capability
- BarterDEX Integration Capability
Not only you get into the ICO in a totally Private & Decentralized manner, you also have immediate access to The Most Private Decentralized Exchange on the planet with 100+ supported coins.
Did I mention delayed PoW
Anything built on Komodo platform has At least Bitcoin level security as Komodo recycles the mining power of Bitcoin. With some additional improvements, whatever you build can be much more secure than Bitcoin. https://steemit.com/cryptocurrency/@vimukthi/the-case-for-pow-as-a-service-komodo-dash-and-mining-algorithms-discussion
While researching I even found @komodoplatform on steemit. I don't know if it is an officail page. But here is a great article where they explain the decentralized ICOs in-depth: https://steemit.com/dico/@komodoplatform/the-decentralized-ico-platform
Utrum ICO is on April 24th 2018
With Atomic Swaps you can buy into the ICO with KMD (obviously), Zcash (makes total sense as they even share some code), Dash (the best "Currency"out there), BCH & LTC (Fast and Cheap), BTC (Merely on the merit of first mover advantage and being ubiquitous). Following is Utrum explaining why it chose Komodo:
We have chosen Komodo over Ethereum, Neo and other platforms because of the following advantages:
-Komodo provides independent blockchain and Utrum is not dependent on Komodo at any time.
-Komodo provides bitcoin level security for the Utrum asset chain using delayed Proof of Work (dPOW) mechanism.
-Komodo integrates $OOT (utrum token) in to their multicurrency wallet (Agama) and decentralized exchange (Barterdex).
-Barterdex allows users to trade OOT with other coins, powered by cutting edge Atomic Swap technology.
-OOT to OOT transactions will have a minimal 0.00001 percent transaction fee.
-Fully scalable and Lightning fast transaction speeds as we have our own blockchain.
-OOT inherits privacy features of zk-snarks.
-Komodo provides coin agnostic API for Utrum blockchain.
-Utrum have our own OOT Explorer and OOT Native Wallet.
-Komodo dICO is as a Hack-Proof ICO process where the sale happens within the Atomic Dex exchange app like shapeshift using electrum servers. The sale process is completely decentralized without any point of failure. There are no smart contracts to be hacked and Attacker cannot change the receiving address as everything happens on the blockchain using atomic swaps.
If the above reasons doesn't convince you that this is a great project to keep an eye on, you are probably in some serious fact aversion/denial. If you need to keep an eye on more things, feel free to visit https://dexstats.info which is a highly valuable website. Happy investing & Wish you all MASSIVE profits :-)
Thank You Vimukthi for well written and excellent article. There are few typos, fix them :)
You are welcome!
You should start making some posts and comment on crypto related posts. Currently the most popular TA is @haejin and there are many more people that could become your future users. Happy Marketing :-)
That's a great and convincing analysis, mostly about komodo.
About Utrum though, it all sounds nice and all, but something about it smells of 'big talk, but can they deliver?'
Utrum is basically is like a shopping mall or a Swiss knife. The real challenge is getting people to use the platform. Their token slae already has a 5 million USD hardcap and they are already accepting over 50 different currencies for their ICO (Thanks to the tech behind KMD) Delivering on the techncal side wouldn't be that hard. User adoption is the real problem. The only reason I haven't invested yet is that their Alpha is coming on Q4. That's a little too much of a waiting for me. As long as they manage to capture the users and deliver a great UX I think Utrum can deliver. But UX is a little tricky to get and marketting seems to be the Achilles' heel of KMD and Utrum doesn't seem like they have solid people for marketing. But overall I'm positive about the project.
https://medium.com/utrum/the-trust-problems-of-crypto-investing-5ebd1fe79d21
Komodo btw has the best wallet I've ever seen probably! So user friendly. Pop ups pop up exactly when you need them and explain what you should do next or what you've just done or what that thing does. UI is generally excellent. And transacting with their currency is so cheap and fast. So they really care about the user experience; kinda odd and unfortunate that, based on what you say, they're not that good on the marketing side.
They have the highest number of Github commits in during the last 12 months and they have a considerable lead on that too. (Soruce: https://cryptomiso.com) There has been a lot of thought and development gone to the technical side. Even their whitepaper (I've only partially read it) is very comprehensive and well written. Komodo UX isn't a problem. They have had some terrible marketing failures where they announced some of the biggest developments in the entire crypto-space few months ago and the presentation was so bad that the price crashed.
My UX worries were directed at Utrum; not KMD.
Damn utrum has so much potential it;s frightening ,it's like I am witnessing the birth of something great .I really enjoy seeing how economics works .How demand and supply interact with each other . There was a need for something like utrum and it has been supplied .
Komodo interesting coin,amazing potential also .
I didn't forget your reply ,you will get an eloborate reply until
It is time to rejoice, not frighten :-)
yes it is , I wish you the best of luck to make your idea a reality and btw just out of curiousity what is the role of Ambassadors in your team .
The main role is community building. They translate the content to local languages so that language should not be a barrier. They also take care of the community.
Sure thing. Take your time :-)
same person? they have a bounty program and 3 pages on bitcointalk...that is just nothing :/
We are active on social media, check our twitter, facebook and telegram. Usually bitcointalk threads get bumped because of bounty related questions. We have hired bountyhive as our bounty partner, so you wont find questions related to bounty on our thread. Because of this, our thread is deep down and rarely people notice it.
Check our social media status and start following us :)
https://socialcap.io/stats/utrum
Their main ICO starts on May 20th so they still have time. What got me seriously interested is the rock solid use case. People NEED a project like Utrum. The idea sells itself. Whether the team would deliver or not is questionable. But things can only get so bad when there is a real demand.
BTW what did you mean by:
interesting idea
but fairly average ratings
https://cryptototem.com/ico-utrum.io/
Hype score 1.2 / 5.0
Risk score 4 / 5.0
(this is a good moment)
I would have invested part of the portfolio in this project
It's a more conservative and growth based project. What I liked bout Utrum is that it is usable and has real and immediate utility. We may not see huge pumps with it. But it is certainly a safe investment as long as devs don't royally screw up.
This shocked me. Although I just understood the blockchain, I didn't understand your post deeply, but it didn't stop me from enjoying it. It was awesome! A newcomer from China @chinese
Take your time. Blockchain can be a little daunting for a newcomer. Try starting with some YouTube videos on basics. If you try hard, in few weeks you'd be able to figure out all of the basics.
Thank you, I think I will work hard because I think this is the future.
really true .. im fully agreed .it happens now and it will be great by all time ..
Resteemed upvoted
This post was upvoted and resteemed by @resteemr!
Thank you for using @resteemr.
@resteemr is a low price resteem service.
Check what @resteemr can do for you. Introduction of resteemr.
Resteemed by @resteembot! Good Luck!
Curious? Read @resteembot's introduction post
Check out the great posts I already resteemed.
ResteemBot's Maker is Looking for Work