

4/18/2017

Utrum is a decentralized platform the serves as a central marketplace for Analysts, Developers, and Investors in the cryptocurrency space.

The trust problem:

When it comes to the exchange of information in cryptocurrency the issue of trust is paramount. The cryptocurrency user base is projected to grow over 1000% in the next five years. Many novices will enter the marketplace. Where can they get trusted information about Initial Coin Offerings and other cryptocurrency matters? Cryptocurrency is decentralized and unregulated. This creates opportunities for bad actors to spread false information. Utrum aims to solve this problem.

The Utrum solution

The Utrum platform provides all stakeholders in the cryptocurrency space with a trusted marketplace where information can be exchanged. Utrum will use crowdsourcing and will collect votes from community members to evaluate users and establish a rating system for trust.

The key elements of the Utrum platform:

Comprehensive Database of Cryptocurrencies and Assets – The Utrum platform will have detailed information on every cryptocurrency. Utrum members will be able to access information on team members and financials on all cryptocurrency projects.

Background Information:

Utrum will also provide background information on cryptocurrency project team members. This should help reduce fraud and keep Utrum members aware of bad actors in the cryptocurrency space. Utrum will also have analysts use video conferencing to establish the identity of Initial Coin Offering members.

Machine Learning Algorithm:

The Utrum platform will use a machine learning algorithm that will study members actions on the platform and learn over time to detect fraud. Behaviors outside the mean will be outliers and subject to intense review. As more data is collected over time this technique will be very effective in detecting fraud.

Built-in Reward System:

Members that provide accurate quality information on cryptocurrency will be rewarded with OOT tokens. Content created can be articles, videos, reviews and even market predictions.

Dynamic Reputation System:

Utrum will create reputation scores for members based on the quality of information provided. This scoring system will reward members that provide the best information as judged by the community and the Utrum machine learning algorithm.

Rating System:

Cryptocurrency, and related crypto products, and services will be rated on the Utrum platform. Utrum is aware of the weakness that can be exploited by group attacks on the integrity of rating systems. Blindfold ratings and holding rating results for 24 hours are tools Utrum will use to combat abuse. The platform’s machine learning algorithm should also be able to combat rating abuse over time.

Governance Model:

Twelve Trustees will govern the Utrum platform. Elections will be held every six months to determine if new Trustees will be selected. All major decisions on the direction of the Utrum platform will be decided by community vote.

The OOT token:

The OOT token is the utility token of the Utrum platform. It is the sole means of exchange between members on the platform.

Payment for reviews, advice, and content will all be paid in OOT tokens. Rewards to community members from Utrum will be paid in OOT tokens. OOT tokens will also be traded on cryptocurrency exchanges.

The OOT token has its own blockchain and it is not an ERC-20 token.

The financials:

The Utrum platform charges a 1% fee on all transactions. Half of the fees collected on the platform are returned to the members in the form of rewards for creating content. Details of the model as shown below in this infographic.

The Burn Factor and breakdown of monthly revenue allocation:

The Utrum team will burn 15% of the platform revenues until 15% of the total OOT token supply has been burned. Ten percent of the revenue collected will go to members in a monthly loyalty rewards program. Twenty-five percent of revenues collected will go to platform development.

The Komodo Platform:

It’s important to understand that the Utrum blockchain and the OOT token is a stand-alone independent cryptocurrency ecosystem. However, there are connections between the Utrum blockchain, the OOT token, and the Komodo Platform.

The OOT token can be stored in Komodo’s multi-currency wallet (Agama) and the OOT token can be traded on a decentralized exchange (Barterdex) also both operated by Komodo.

The lead developer of Komodo Platform, James Lee is an advisor to the Utrum project.

Summary:

In closing the Utrum Whitepaper goes into great detail on all the topics covered in my review. I encourage you to read the whitepaper, you will come away impressed with the Utrum project. I expect the Utrum platform to grow in members and usage and for the value of the OOT token to grow along with the platform.

Team Members LinkedIn profiles:

Sridhar Panasa – Founder and Project Lead

M. Gürkan Aygörmez – Business Development

Onur Özcan – Growth Marketing

Maksym Logvinov – Full Stack Developer

Pratap Patil – UI/UX Designer

The Utrum Pre-ICO starts on May 10th, 2018 . You can get details on the Utrum website.

Written by: icomasterether

Bountyhive.io ID:icomasterether

copyright: icomasterether.com