Utrust Utrust

Utrust

Created using Figma
Created using Figma
UTRUST is a payment platform that empowers buyers to pay with cryptocurrencies while providing a groundbreaking purchase protection mechanism.The UTRUST Platform aims to provide the consumer protection buyers take for granted in traditional online purchases, acting as a mediator, resolver of conflicts, enabling the possibility of refunds to mitigate fraud, while shielding the merchant from crypto-market volatility. They want to build upon the best features of cryptocurrencies, enabling fast transactions, lower fees and low cross-border transaction friction, enabling merchants to sell to a growing worldwide audience of crypto-holders. In sum, they aim to build the payment API for marketplace integration that will become the crypto-contender to PayPal.
Nov 2, 2017
Nov 20, 2017
100% completed
$21 375 000
cap
goal
42% goal completed
Goal 50 000 000 USD
Cap 50 000 000 USD
past
  • 1 UTK
    =
    0.065 USD
Sep 20, 2017
Oct 30, 2017
100% completed
no data
past

About Utrust

UTRUST ICO will take place in October (day TBA) and will have a duration of 7 days max. It will be a single round event at a fixed price of $0.065 per token.

The UTRUST Platform is a payment processor solution that enables merchants to accept multiple cryptocurrencies from buyers as payment methods while receiving in fiat currency.

Lower Buyer Purchase Risk
We cover all purchases (both goods and the majority of services). Other traditional solutions such as PayPal only cover the purchase of physical goods. Crypto-based services such as Bitpay do not cover anything at all.

Payment Approval Speed
Unlike traditional payment systems that most of the times delay the approval of payments due to high risk of fraud, and require submission of countless documents, we approve payments immediately and make the process hassle-free for both parties (buyer & seller).

Low Exchange Fees
We provide both buyer and seller low exchange fees by using advanced analytics that connects to multiple crypto-currency exchange providers. Services such as PayPal and Bitpay provide extremely high internal exchange rates.

Low Seller Fees
We will charge sellers a flat 1% fee on received payments. Other services such as PayPal charge a flat minimum rate of 2.9%, but can go above 5% after all “hidden fees” are accounted for.

Multiple Crypto Currencies Accepted
We accept the most used cryptocurrencies on the market (Bitcoin, Ethereum, Litecoin, Dash Monero and others) covering a wider percentage of the total market cap. Other services such as Bitpay only accept Bitcoin, restricting their market to half of the total market cap. As more tokens are created and added to the market, their captured percentage will only shrink further.

Safety of Funds
Leverage the power of the blockchain and say goodbye to credit card fraud. You have control over your own private keys and funds, and not even we can access your wallet. Traditional centralized solutions have a poor track record in keeping your funds safe.

No Chargebacks
Sellers will be protected from rampant credit card fraud and nasty chargebacks, a common occurrence in traditional payment services still reliant on credit cards.

Customer Payment Protection
Services such as PayPal are well known, and PayPal relies heavily on its buyer/seller protection plan. However, it only covers the purchase of physical goods. Bitpay does not cover any purchases, making the transaction irreversible and leaving you exposed to potential fraud. UTRUST extends consumer protection by covering both physical and virtual (if applicable) purchases. We will guarantee full coverage of all eligible payments made via UTRUST.

Resolution of Disputes Timeframe
Traditional solutions such as PayPal have a lengthy waiting period of transaction resolutions while they gather evidence on both sides independently (taking up to several months), making it a slow and painful process. We provide both a self-mediated 2-party resolution mode, and an advanced 3-party resolution dispute mechanism, enabling both parties to chat in real time, guided by one of our resolution mediators. We make it quick and easy to sort conflicts.

Seller Performance-based Rating
We implement a performance-based analytics algorithm to evaluate the performance of sellers, making it so that as the performance of a seller grows, the corresponding hold period on the funds decreases. This mechanism creates a trusted environment, encouraging sellers to perform better over time and increasing buyer confidence. In the best-case scenario, a top seller will see its hold time eliminated, obtaining the funds immediately.

Decentralized Token with Index Value
UTRUST is not only a payment platform. We will issue our own crypto-currency – the UTRUST token (UTK). You can buy/sell/ send/receive your UTK in the platform, convert it to fiat, other crypto, or simply keep safe in your wallet and see its value grow in synergy with the platform. Transactions using the UTRUST token will be converted internally and benefit of zero exchange fee.

UTRUST collected $2 million in Private Investors round. They have also had a successful pre-ICO where they have sold out $1.5 million in just 90 minutes.

UTRUST ICO STRUCTURE

  • Team: 10% (50 million)
  • Private investors: 20% (100 million) with 1 year vesting.
  • Pre-ICO: 5% (50 million)
  • ICO: 55% (275 Million)
  • Bounty: 5% (25 million)
  • Total supply: 500 million
  • Max cap: $21.000.000 Million

Features

UTRUST is a payment platform that enables buyers to use their preferable cryptocurrency in order to pay sellers (private or merchants). Service provides sellers with the safety and convenience of receiving funds in fiat currency, and offers consumer-protection to buyers, by acting as trusted mediators. Service combines payment protection features of fiat systems with the features of blockchain.

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

Materials

Utrust

Activity

Posts:
175
MEDIUM
Followers:
13 643
VERY HIGH
Likes:
12 732
VERY HIGH
Rating:
4.80
VERY HIGH
Reviews:
292
HIGH
Followers:
28 086
VERY HIGH
Tweets:
484
HIGH
Alexa
Rank:
357 840
LOW
Delta:
295 861

Team

Verified 0%

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

CEO
unverified
Head of Engineering
unverified
Head of Operations
unverified
Head of Sales & Partners
unverified

Last News

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