Payment Platform with Various Types of Cryptocurrency
Hello friend CRYPTO WORLD we meet again to discuss about the world of crypto, this time we will discuss the innovative crypto currency moving in the field of online payment that is Utrust, Utrust is a revolutionary payment platform that empowers buyers by providing innovative agency mechanism. Minimizing the risk of fraud by providing overpayment and 3rd party mediators Utrust will protect your purchase from the moment you pay until the transaction delivery is completely secure.
By using Utrust as a seller you will benefit from low cost and real time transactions. No more bad chargebacks, credit card cheats and hacked account payouts With UTRUST you can receive multiple cryptoes at once and all payments to be converted to fiat currency to protect you from market price fluctuations.
Utrust backed crypto currency is the most widely used in the market (Bitcoin, Ethereum, Litecoin, Dash Monero and others) which covers a wider percentage of the total. Other services such as Bitpay only accept Bitcoin, their market accounts for half of the total market cap. As more tokens are created and added to the market, the percentage they take will only shrink further.
Use basic blockchain so that security is maintained at the highest level. You have control over your own private key, besides you will not have anyone else who can access your wallet.
Well-known online payment services like Paypal still depend on the target plan of the buyer / seller. But it’s just a sexy piece of physical goods. Bitpay no additions whatsoever, make the transaction unchangeable and. (Without). Utrust will be fully guaranteed full payment via Utrust
Storage applications, in accordance with the performance of the seller, the corresponding storage period on. This mechanism creates a trusted environment, encouraging sellers to perform better over time and increase buyer confidence.
Not just a payment platform. Utrust will issue its own crypto currency Utrust token (UTK). You can buy / sell / send / receive your UTK on the platform, convert it into fiat, other crypto, or keep it safe in your wallet and see the value grow synergies with the platform. Transactions that use the UTRUST token will be done internally and profit without charge.
What is UTRUST ?
UTRUST is a revolutionary payment platform that allows buyers to use their favorite cryptocurrency to pay for sellers (private merchants or merchants). We provide sellers with security and convenience to receive funds in paper currency, and offer consumers the best consumer protection, by acting as a trusted mediator. We combine the best payment protection features of the current generation fiat system with innovative features from blockchain and blend unique features provided by our own token.
Goal UTRUST ?
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. We 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, we aim to build the payment API for marketplace integration that will become the crypto-contender to PayPal.
All of those features would make for a kick ass product on its own right, the firstof its kind in the world of crypto-payments and one that could be funded by venture capital investment alone. But we decided to go a step beyond, and wanted to offer the chance for anyone in the world to become a backer, leveraging the power of an Initial Coin Offering (ICO) and issue our own UTRUST token alongside the UTRUST Platform. In essence, the UTRUST token will act as an investment stake from our backers, as a transactional token, that buyers can use in the UTRUST Platform itself alongside other major coins, and as a financial mechanism linking the UTRUST token value to the UTRUST Platform value — our strategic valuecoupling mechanism.
This is an ambitious endeavor intended to build a comprehensive software platform from the ground-up, while bringing tangible value to our backers, in the form of token appreciation, and to the community of buyers and sellers, driving its future growth in the form of platform transactions. We believe cryptocurrencies are evolving to become much more than speculation and are here to stay in the minds and wallets of consumers. This is a game-changer that we know can change how merchants and buyers use cryptocurrencies and we believe that the only missing link is a platform of mediation and trust.
We will be opening a pre-ICO of $1 MM on 23rd August 2017, intended to observe community interest in our project. After the round closure, and if it matches our expectations, we will be targeting a full 7-rounds ICO starting on 1st September 2017 in order to obtain a total financial leverage of $50 MM. The funds will fuel our passion to disrupt online payments with cryptocurrency, financing development of MVP, marketing operations, merchant adoption incentives and team expansion. What we achieved so far is the result of the efforts of a diverse and highly-skilled team, targeting our ambitious roadmap. At this stage we need your support, and dare we say, your trust.
We believe that one of the key roles of cryptocurrencies in the digital age is to facilitate transactions and serve as frictionless and secure payment method with broad acceptance. We believe current payment platforms are lacking the necessary features to drive broad merchant and user adoption; that digital tokens are more than an asset for financial speculation and that token ICOs can be leveraged to fund agile teams with the drive to build new platforms; platforms with real value, driven by growth in the transactions of goods and services, and financially sustained by a revenue from fair fees.
Platform Pembayaran UTRUST
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. We aim to establish our solution as the best in the market, offering a few distinct innovative features :
1. A robust consumer protection and risk mitigation to both buyers and sellers
2. Pay with your favorite cryptocurrency as a buyer, receive in fiat currency as a seller
3. An integrated indexed token of exchange, that can be used in the platform to reduce transactional fees.
Buyer Protection — The amount paid by the buyer is 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 arises with the purchase.
Fluktuation Protection— We provide a transparent conversion preview of rates. The conversion from crypto to fiat is done JIT at the best market rate and added to pool. By locking in on this amount, and assuring the hold after conversion, we ensure the seller will get the specific amount he requested, unconstrained from crypto market volatility.
Low Fees — We provide lower fees than other ecommerce platforms for sellers — 1% of the transaction amount. Connection to multiple exchange providers and smart analytics ensures the lowest possible exchange fees for the buyer sending the payment.
- Buyer —Pays with any major cryptocurrency, with a low conversion fee, or with UTRUST Token with zero conversion fee.
- Convert to fiat — Funds are immediately converted to fiat currency in order to protect the seller from market volatility.
- Dynamic holding — UTRUST holds the funds and releases to seller, adjusted on a performance-based timeframe.
- Seller — Receives in fiat currency and can withdraw to a bank account, keep it in wallet or convert it to other cryptocurrency.
Initial target pre-ICO is set to open on 28th August 2017, 4pm GMT, followed by an initial ICO opening round on September 2017 (with specific day TBD). It will run for a variable period of 14 days to 55 days (max of 7 days per round or until all tokens are issued, whichever happens first).
The maximum crowdsale cap is set at $50 MM (fifty million), with accepted contribution tokens in both BTC and ETH. The total pool is fixed at 1,000,000,000 (1 billion) tokens, and will be segmented in 7 regular ICO rounds totaling 70% of the pool, preceded by a 5% pre-ICO sale and with 10% already pre-allocated to private investors. In aggregate, all publicly available rounds will total 75% of total minted tokens, with our minimum investment stake is set at 0.2 ETH / 0.02 BTC
Information Details :
Website : https://utrust.io/
Whitepaper : https://utrust.io/#whitepaper
Bitcointalk ANN Thread : https://bitcointalk.org/index.php?topic=2078433.0
Facebok : https://www.facebook.com/utrust.io/
Twitter : https://twitter.com/UTRUST_Official
Slack : here
“Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=795655"