https://utrust.io/
Abstract
Technological advancements provide benefits, one of which is in banking transactions which now makes it easier for users, one of them through the implementation of online payment access . This payment method gives you many benefits. What are they?
Comfort
The first advantage you feel if being a user access online payment is the convenience of shopping. With transactions online, you do not have to bother carrying cash, because this transaction can be done directly only by using gadgets and internet access.
Security
One of the weaknesses of cash that is prone to theft. In the meantime if you use an online payment method, such as a debit or credit card, you just report to the card issuer for blocking. In this case, of course, each card issuer has a different policy.
In addition, identity theft is minimal if you transact online because generally every banking or payment service has a good level of site security to ensure the security of customer data.
Can Do Anywhere
By using online payment access, you can make transactions anywhere, including when traveling in a country. This is certainly different from the use of cash money that requires you to follow the prevailing currency, making you avoid the hassle of money changers.
Recording transactions
by engaging online, all your budget mutations will be well recorded, and accessible at any time. That way, you can track all the budget you spend every time you make a transaction, so you can avoid using money to shop out of necessity.
Faster Authorization
By paying online, the authorization process that usually takes time when shopping online is faster now. Your transactions can be more quickly resolved because online stores become easier to check.
Beneficial Benefits
Another advantage is the number of special programs that are often enforced by a store to attract consumers to transact online. For example, you who shop at a certain merchant can receive a rebate, cashback, or get a certain gift that is not possible to get if the transaction using cash money.
The above is a small part of the benefits that you can feel if doing transactions online. For those of you who want to feel the benefits above, it's time to use online payment access which of course simplify your transaction process.
Utrust provides more benefits than you need
The UTRUST platform aims to provide the consumer protection that buyers take for granted in traditional online purchases, acting as a mediator, resolving conflicts and enabling the possibility of refunds to mitigate fraud, while shielding the merchant from crypto-market volatility. We want to build upon the best features of cryptocurrencies to enable fast transactions, lower fees and low cross-border transaction friction, enabling merchants to sell to a growing worldwide audience of crypto-holders. In summation, we aim to build a payment API for marketplace integration that will become the crypto-contender to PayPal.
The UTRUST Payment Platform
The UTRUST platform will be a payment processor solution that enables merchants to accept multiple cryptocurrencies from buyers while receiving their funds in fiat currency. We aim to establish our solution as the best in the market, offering a few distinct innovative features:
- A robust consumer protection and risk mitigation to both buyers and sellers
- Pay with your favorite cryptocurrency as a buyer, receive in fiat currency as a seller
- An integrated indexed token of exchange, that can be used in the platform to reduce transactional fees
will provide a safe chat environment for both parties to dialogue and attempt to self-resolve while allowing a trusted mediator to join as an arbitrator. This escalation and mediation by a UTRUST operator will insure that a final decision (refund or release) is reached by an impartial 3rd party. Our keypillars of value will stand on:
- Buyer Protection - The amount to be paid by the buyer will be held until transaction has been validated by the platform mediator. UTRUST handles conflict resolution and mitigate risk, protecting the consumer and assuring the possibility of the buyer to get a refund in case of a problem arising with the purchase.
- Fluctuation Protection - We will provide a transparent conversion preview of rates. The conversion from crypto to fiat is done JIT (just in time) at the best market rate and added to the pool. By locking in this amount and assuring the hold after conversion, we ensure the seller will get the specific amount he/she requested, unconstrained from crypto market volatility
- Low fees - We will provide lower fees than other ecommerce platforms for sellers - 1% of the transaction amount. Connection to multiple exchange providers and smart analytics will ensure the lowest possible exchange fees for the buyer sending the payment.
more details read whitepaper
THE UTRUST TOKEN (UTK)
On August 28 2017, we opened a pre-ICO of $1.5 MM to observe community interest in our project. After the round closure, and if it matches our expectations, we will be targeting an ICO starting on 2nd November 2017, in order to obtain a total financial leverage of $49 MM. This amount was further reduced to $21.375 MM for the extension of the ICO’s deadline. The funds will fuel our passion to disrupt online payments with cryptocurrency, financing development of MVP (Minimum Viable Product), marketing operations, merchant adoption incentives and team expansion. What we have achieved so far is the result of the efforts of a diverse and highly-skilled team, who has targeted our ambitious roadmap. At this stage we need your support, and dare we say, your trust.
UTK in the UTRUST platform by spending it on merchants that support UTRUST or private buyer/seller transactions. You can also sell the token in supported exchanges, privately or hold it for future use. The key difference in our platform is the business model behind it. Once all the regulatory questions have been clarified with the Swiss Regulator (FINMA), the UTRUST platform will be a payment system that will enable you to use the token and spend it independently alongside a system that grows in synergy with the token.
? Each time a buyer pays with any cryptocurrency via the UTRUST payment platform a percentage of the transactional fee will be used to buyback UTK and to remove them from the market. The removed tokens will be burned. This will reduce the amount of UTK supply further driving demand, the adoption of the platform and the value for contributors. The amount of UTK was projected to be reduced from the initial 1 billion to a minimum cap of 100 million, at a rate no faster than 50 million a year. Considering that the total amount of tokens was reduced upon the extension of the ICO, this reduction will be prorated.
JOIN ICO
During this second stage of the ICO, the rights and obligations of participants that already invested will not suffer any restrictions and participants’ expectations will not be compromised. The new maximum ICO cap is set at $21.375 MM, with accepted contribution tokens in both BTC and ETH. The total pool is fixed at 500,000,000 (five hundred million) UTK, and will be segmented in a single round totaling 70% of the pool, preceded by a 10% pre-sale sale and with 20% already pre-allocated to private stakes. In aggregate, all publicly available rounds will total 80% of total minted tokens and the minimum contribution stake set at 0.2 ETH / 0.02 BTC
community link
| https://www.facebook.com/utrust.io/ | |
| https://twitter.com/UTRUST_Official | |
| Medium | https://medium.com/@UTRUST |
| Bitcointalk | https://bitcointalk.org/index.php?topic=2078433.0 |
| Telegram | https://t.me/utrustofficial |
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