Utrust

Utrust

Created using Figma
Created using Figma
Utrust is the leading cryptocurrency payment solution designed to modernize the finance and payments industry and solve the problems of traditional payment methods by offering instant transactions and immediate crypto-to-cash settlements for the merchant.
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • ProBit Global
    UTK/BTC 21 minutes ago
    $ 0.2924
    $ 45.594 K
    2.41%
    -10.47%
  • ProBit Global
    UTK/USDT 21 minutes ago
    $ 0.2952
    $ 73.291 K
    3.27%
    -20.18%
  • CEX.IO
    UTK/USD 37 minutes ago
    $ 0.2911
    $ 40.147 K
    -2.25%
    -9.57%
  • Bitrue
    UTK/USDT 41 minutes ago
    $ 0.2890
    $ 492.005 K
    -3.74%
    -24.28%
  • CEX.IO
    UTK/USDT 42 minutes ago
    $ 0.2913
    $ 38.2 K
    -2.22%
    -14.19%
  • Bittrex
    UTK/BTC 57 minutes ago
    $ 0.2928
    $ 36.505 K
    -0.77%
    -44.63%
  • CoinEx
    UTK/USDT one hour ago
    $ 0.2915
    $ 17.464 K
    -1.56%
    -31.64%
  • OKEx
    UTK/USDT one hour ago
    $ 0.2917
    $ 1.011 M
    0.83%
    -12.56%
  • Huobi Global
    UTK/ETH one hour ago
    $ 0.2928
    $ 52.681 K
    -1.38%
    -9.95%
  • Huobi Global
    UTK/USDT one hour ago
    $ 0.2927
    $ 549.538 K
    0.88%
    -19.79%
  • Huobi Global
    UTK/BTC one hour ago
    $ 0.2930
    $ 40.004 K
    1.12%
    -29.27%
  • Bitvavo
    UTK/EUR one hour ago
    $ 0.2956
    $ 275.131 K
    4.45%
    4.17%
  • Hoo.com
    UTK/USDT 2 hours ago
    $ 0.2944
    $ 612.555 K
    -0.82%
    -19.66%
  • TokoCrypto
    UTK/USDT 2 hours ago
    $ 0.2944
    $ 1.807 K
    3.79%
    -41.07%
  • Bitfinex
    UTK/USD 4 hours ago
    $ 0.2901
    $ 11.276 K
    2.86%
    -32.66%
  • Gate.io
    UTK/USDT 6 hours ago
    $ 0.2985
    $ 130.902 K
    1.13%
    -32.82%
  • Hotbit
    UTK/USDT 10 hours ago
    $ 0.3055
    $ 21.309 K
    -
    -
  • Probit (Korea)
    UTK/USDT 15 hours ago
    $ 0.2851
    $ 4.444 K
    0.71%
    -0.61%
  • TokoCrypto
    UTK/BTC 3 days ago
    $ 0.2845
    $ 8.73
    -
    -
  • BitGlobal
    UTK/USDT 3 days ago
    $ 0.2842
    $ 298.70
    -
    -
  • Digifinex
    UTK/ETH 17 days ago
    $ 0.1169
    $ 23.56
    -
    -
  • BitGlobal
    UTK/BTC one month ago
    $ 0.7949
    $ 18.18
    -
    -
  • KuCoin
    UTK/ETH one month ago
    $ 0.4313
    $ 99.02 K
    4.59%
    -3.03%
  • KuCoin
    UTK/BTC one month ago
    $ 0.4332
    $ 263.597 K
    4.53%
    -17.31%
  • VCC Exchange
    UTK/USDT 2 months ago
    $ 0.3488
    $ 462.069 K
    -
    -
  • VCC Exchange
    UTK/BTC 2 months ago
    $ 0.3538
    $ 91.225 K
    -
    -
  • BitGlobal
    UTK/ETH 3 months ago
    $ 0.1969
    $ 2.36
    -
    -
  • Huobi Korea
    UTK/BTC 3 months ago
    $ 0.4083
    $ 52.80
    -
    -
  • Bilaxy
    UTK/BTC 3 months ago
    $ 0.4764
    $ 618.651 K
    -
    -
  • HitBTC
    UTK/BTC 3 months ago
    $ 0.4213
    $ 243.273 K
    -
    -
  • Binance
    UTK/USDT 3 months ago
    $ 0.5116
    $ 75.823 M
    -5.72%
    -68.67%
  • ForkDelta
    UTK/ETH 5 months ago
    $ 0.0030
    $ 20.91
    -
    -
  • HitBTC
    UTK/ETH 7 months ago
    $ 0.8201
    $ 536.668 K
    -
    -
  • ZG.com
    UTK/USDT 7 months ago
    $ 0.9180
    $ 388.105 K
    -7.49%
    -1.47%
  • ProBit Global
    UTK/KRW 7 months ago
    $ 0.9753
    $ 233.132 K
    25.26%
    62.52%
  • Huobi Korea
    UTK/ETH 7 months ago
    $ 0.9067
    $ 56.97
    28.54%
    28.54%
  • Binance
    UTK/BTC 7 months ago
    $ 0.7245
    $ 40.891 M
    -
    -
  • OKEx Korea
    UTK/USDT 7 months ago
    $ 0.6089
    $ 312.13
    -
    -
  • LBank
    UTK/USDT 10 months ago
    $ 0.0524
    $ 1.05
    -
    -
  • Digifinex
    UTK/BTC 10 months ago
    $ 0.1737
    $ 39.14
    -
    -
  • Hoo.com
    UTK/ETH 10 months ago
    $ 0.1972
    $ 16.795 K
    -
    -
  • HitBTC
    UTK/USD one year ago
    $ 0.1356
    $ 108.635 K
    4.35%
    1.44%
  • Uniswap (v3)
    UTK/ETH one year ago
    $ 0.1499
    $ 252.369 K
    -30.61%
    -78.50%
  • Bamboo Relay
    UTK/WETH one year ago
    -
    -
    -
    -
  • FatBTC
    UTK/USDT one year ago
    $ 0.0259
    $ 538.31
    -
    -
  • Idex
    UTK/ETH one year ago
    $ 0.0500
    $ 293.93
    -
    -
  • Livecoin
    UTK/BTC one year ago
    $ 0.0213
    $ 4.762 K
    -
    -
  • Livecoin
    UTK/USDT one year ago
    $ 0.0379
    $ 71.79
    -
    -
  • Livecoin
    UTK/ETH one year ago
    $ 0.0280
    $ 389.85
    -
    -
  • LATOKEN
    UTK/ETH one year ago
    $ 0.0048
    $ 0.0048
    -
    -
  • Bitfinex
    UTK/BTC one year ago
    $ 0.0090
    $ 479.74
    -
    -
  • Bitfinex
    UTK/ETH one year ago
    $ 0.0074
    $ 41.43
    -
    -
  • Ethfinex
    UTK/BTC 2 one year ago
    $ 0.0224
    $ 7.341 K
    7.78%
    -14.44%
  • Ethfinex
    UTK/ETH 2 one year ago
    $ 0.0221
    $ 1.119 K
    7.47%
    -48.30%
  • CoinExchange.io
    UTK/ETH 2 one year ago
    $ 0.0040
    -
    -
    -
  • Ethfinex
    UTK/USD 2 one year ago
    $ 0.0183
    $ 3.65
    -
    -
  • CoinExchange.io
    UTK/BTC 2 one year ago
    $ 0.0280
    -
    -
    -
  • Huobi Korea
    UTK/BTC 2 one year ago
    $ 0.0417
    $ 211.41
    -10.16%
    -92.54%
  • Huobi Korea
    UTK/ETH 2 one year ago
    $ 0.0418
    $ 156.03
    -10.33%
    -94.23%
  • FCoin
    UTK/USDT 2 one year ago
    -
    -
    -
    -
  • FCoin
    UTK/ETH 2 one year ago
    -
    -
    -
    -
  • CoinBene
    UTK/MOBI 2 one year ago
    $ 0.1234
    $ 103.012 K
    -
    -
  • HitBTC
    UTK/DIMCOIN 2 one year ago
    $ 0.1216
    $ 900.14
    -
    -
  • HitBTC
    UTK/MOBI 2 one year ago
    $ 0.1207
    $ 615.46
    -
    -
  • Orderbook.io
    UTK/ETH 3 one year ago
    -
    -
    -
    -
  • Orderbook.io
    UTK/OBTC 3 one year ago
    -
    -
    -
    -
  • Orderbook.io
    UTK/OUSD 3 one year ago
    -
    -
    -
    -
  • Everbloom
    UTK/ETH 3 one year ago
    $ 0.0229
    -
    -
    -
To be announced
Sep 20, 2017
Oct 30, 2017
100% completed
Raised funds - no Data
past
Token Details
Ticker
UTK
Accepted Currencies
ETH, BTC
Company Details
Registered Country
Switzerland
Additional Details
Platform
Ethereum
Categories
Platform, Cryptocurrency, Software

About Utrust

Utrust (UTK) was designed to provide a solution to the problems resulting in low usability of cryptocurrency as means of payment, particularly the underdeveloped transactional security of payment platforms and relatively high fees.

The main goal of the platform is to build a system that will enable fast and seamless crypto transactions at lower fees, therefore allowing merchants to reach a large audience of crypto holders.

The platform allows buyers to make secure purchases while also offering an option for refunds and protecting sellers from the high volatility of the crypto market.

Utrust aims to create a more reliable payments platform by combining the best features of blockchain and traditional fiat systems.

Utrust Roadmap

  • 28th Aug 2017

  • Pre-ICO Opens
  • Pre-ICO Opens

  • Sep 2017

  • ICO Opens
  • ICO Opens

  • Read More
  • Q2 2018

  • Platform Test API for Merchants- Integrate with merchant checkout mechanisms- Test mediated chat mode
  • Platform Test API for Merchants

  • integrate with merchant checkout mechanisms
    Test mediated chat mode
  • Q3 2018

  • Client API, Wallet Web App- Check your balance & transactions- Integration with major eCommerce platforms
  • Client API, Wallet Web App

  • Check your balance & transactions
    Integration with major eCommerce platforms
  • Q4 2018

  • Native apps iOS, Android- 200+ Merchants- Live Transactions
  • Native apps iOS, Android

  • 200+ Merchants
    Live Transactions
  • Q1 2019

  • Platform Refinements & Expansion- 1000+ Merchants- Progressive hiring of mediators
  • Platform Refinements & Expansion

  • 1000+ Merchants
    Progressive hiring of mediators

Activity

Activity:
2 324
VERY HIGH
Merit:
1 416
VERY HIGH
Posts:
3 343
VERY HIGH
Views:
99 785
VERY HIGH
Users:
1 027
VERY HIGH

Utrust Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Nuno Correia
CEO
unverified
Filipe Castro
CIO
unverified
Artur Goulão
CTO
unverified

2 ICO

$27 375 000

Roberto Machado
CPO
unverified
Luís Ferreira
Head of Engineering
unverified
Laura Esteves
Head of Operations
unverified
João Ferreira
Head of Design
unverified
Nick Olender
Head of Sales & Partners
unverified
Miguel Palhas
Software Engineer
unverified
Francisco Baila
Product Designer
unverified
Gabriel Poça
Software Engineer
unverified
Ronaldo Sousa
Software Engineer
unverified
Fernando Mendes
Software Engineer
unverified
Bruno Azevedo
Software Engineer
unverified
Pedro Costa
Software Engineer
unverified
João Justo
Software Engineer
unverified
Júlia Vilaça
Community Manager
unverified

2 ICO

$21 375 000

Arthur Zubkoff
Marketing Consultant
unverified
José Nuno Pinto
DPO
unverified

2 ICO

$27 375 000

Robin Ebers
Blockchain Consultant
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Francisco Maia
PhD, Distrib. Systems Advisor
unverified
Francisco Cruz
PhD, Architecture Advisor
unverified
João Paulo
PhD, Cloud Computing Advisor
unverified
Sérgio Viana
Product Advisor
unverified
Marc Howland
Financial Advisor
unverified
David Bryan
Strategic Advisor
unverified
Sascha Benz
Business Develop. Advisor
unverified

2 ICO

$21 375 000

Lilian Yu
Marketing Advisor – China
unverified
Dhiveshan Govender
Strategic Advisor
unverified
João Gil Figueira
Legal Advisor
unverified
Sydney Lai
Advisor
unverified
$ 0.2919
0.88%
Crypto Stats
Daily, %:
0.88%
Weekly, %:
-20.20%
Monthly, %:
-32.84%
Market Info
Market Cap:
$ 131.515 M
Volume 24h:
$ 6.817 M
Circ. Supply:
450 M UTK
Ticker:
UTK
ICO profit
X 8.98
ICO Price~$0.0325

Utrust Reviews

verifiedicos.com
ICO review website

UTRUST might be able to bring value to their token by distributing it through their dispute resolution process, successful disputes would refund the buyer with UTRUST tokens instead of their original payment method. It may seem like a convoluted process for the buyer, but this as actually a key part of the business plan to ensure the coin holds value. Coupled with their plan to allocate transaction fees to buy back UTRUST tokens will be effective in keeping the token value from hitting rock bottom.

The major flag that will be hard to deflect in this analysis regards UTRUST's heavy marketing tactics. The indiscreet, in your face, high price marketing attracts investors that tend to dump their holdings at the most opportune moment. As we have stated before, coins that follow this path usually end up dwindling in value once it appears on an exchange.

Read More
crushcrypto.com
review

Opportunities:
Cryptocurrency payment has not been catching on because of the rising Bitcoin transaction fees. However, with the growing popularity and much lower transaction cost of Ethereum, especially after the Byzantium upgrade, we believe the time has come where Ether can become a viable cryptocurrency for online payments.
The online payments market is large with huge potential. If UTRUST can be successful, they have the potential to process billions of dollar of transactions a year.

Concerns:
There are other competitors in the cryptocurrency payment solutions space, such as Monetha, Request, Coinify, CoinPayments, BlockPay, Cryptonator, and BitPay. UTRUST may not be the winner in this industry.
UTRUST has no merchant support so far, which is lagging other competitors.
Other blockchain projects working on merchant payments such as Monetha and Request are trading at a sub-$35 million valuation, which makes it hard for UTRUST to obtain a high valuation.
The gap between pre-ICO (August) and ICO (November) should give the developers more time to come up with a minimal viable product. However, this is not the case. There is no proof-of-concept developed despite the team claiming that they are ahead of schedule in terms of development.
The platform is not going to launch until Q4 2018, which 1 year after the end of ICO. In the meantime, there would not be much catalyst for token prices.

Conclusion:
Overall, we are negative about this ICO’s short-term potential and neutral about its long-term potential. Our thoughts of the tokens for short term and long term are as follows:
For ​short-term holding
Negative. As mentioned above, $3.5 million was already raised at over 50% discount. Also, the high hard cap of $49 million will back fire, especially in this market environment, causing even less participants to contribute. We believe tokens can be bought at lower than the ICO price after trading.
For long-term holding
Neutral. We are not sure if UTRUST will win among the competition. In terms of getting merchants aboard for accepting cryptocurrency, UTRUST is falling behind Monetha (which secured multiple partnerships with large merchants) and Request (which can tap into the massive YCombinator network).
UTRUST is more competitive in terms of fees but it is not the only factor – Paypal is notorious about their high fees but they are still the market leader.

Read More
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