We at Utrum believe in transparency. Here is the Profit Loss Statement.
During the ICO Period from May till June 2018 we have spent lot of money on advertising in pursuit of reaching our Hardcap ($5 Million) but unfortunately due to the bear market, it didn’t work and we could only raise $1 Million. Now our sole focus is development.
As most of you are aware, listing on crypto exchanges is costly. We have spent $62,500 to list $OOT on 4 exchanges, Hyperdex is free though.
The Bear market killed our progress and we had to drop salaries for our CTO Andrew and CMO John. They are working as consultants for now. Our founder and Project Lead Sridhar didn’t take a dollar as salary even though he is working full time since Jan 2018. Thankfully, he got income source from his previous company.
Currently we are working with 5 full time developers and the Utrum Web Portal alpha version is delayed till March and Beta is postponed to Q3 2019.
Utrum Hold Wallet
We have released Beta version of Utrum Hold Wallet where users can lock their funds on blockchain using our innovative proof of lock program and earn rewards up to 7.2% per year. Download Wallet
Utrum Alpha First Look
We have released first look of Utrum Alpha on 1st Jan
https://medium.com/utrum/utrum-alpha-first-look-8d371801d6b
Download Statement
https://cdn.discordapp.com/attachments/455861405023731713/534804465111531551/Utrum-2018-PL.pdf
Thank you for being with us in these troubled times.
