Installing the Utrum Hold Wallet

Komodo Platform RUS
Jul 2, 2019 · 4 min read

The first of its kind, the Proof of Lock wallet. Users can receive a 2.4% reward for blocking $ OOT on blockchain within 120 days

Image for post
Image for post

We are pleased to announce the launch of a beta version of the Utrum Hold Wallet of the Utrum project.

Users can now participate in the Proof of Lock program, keeping their OOT from using the CLTV function for a certain period of time, thus helping the Utrum ecosystem and getting rewarded for it.

Simply put, you block the amount of money you choose for the period of time you choose using your own private key. No one will be able to manage your funds, as they will not be held anywhere else, but on Blockchain.

For example: If you hold 10,000 OOT for 60 days, you have 10100 OOT at the end of the period.
If you hold 10,000 OOT for 120 days, you have 10240 OOT at the end of the period.

Learn more about the Proof of Lock program and how OOT Holding Reward (OHR) works here:

So, to participate in the Proof of Lock program and receive rewards, you need to perform the following steps:

Download your Utrum Hold Wallet for your OS: https://github.com/Utrum/utrum-wallet/releases

Image for post
Image for post

Run the installation file by opening the wallet’s startup screen

Image for post
Image for post
For obvious security reasons, we strongly recommend using at least a 12-word passphrase as required by the BIP protocol39

On the next screen you will see a set of 24 random words that you will need to write down with pen and paper. Please keep this backup phrase in a safe place and do not give it to anyone who should not have access to your funds.

By creating a backup phrase, you confirm that the Utrum Foundation is not responsible for translating, protecting or maintaining the backup phrase and/or digital currency associated with your wallet.

Image for post
Image for post

A window opens with OOT, KMD and BTC addresses. You can also store and manage your coins on this wallet.

To hold OOT coins at the address provided (your new address), you will need to transfer the desired number of OOT coins. After the funds are transferred, you will see your balance and we will proceed with the withholding process.

Image for post
Image for post
  • Press the HOLD button and select the desired time interval, 60 or 120 days.
  • In the LOCK AMOUNT field, enter the number of coins you have decided to hold for the award.
  • After that you just have to click on LOCK FUNDS and confirm your decision.

This completes the OOT withholding process. Wait for the stated date and get rewarded!

Connect to our chat rooms for communication and support.

The Utrum project is multilingual, so you can communicate in your own language.

OFFICIAL UTRUM channels:

https://helpdesk.utrum.io/en-us/article/utrum-official-social-media-xvibwh/

Social Media Channels UTRUM:

Discord:

Telegram:

https://t.me/utrumdotio

Medium:

https://medium.com/utrum

Reddit:

https://www.reddit.com/r/Utrumdotio/

Forum Bitcointalk:

https://bitcointalk.org/index.php?topic=2184514.0

Twitter:

https://twitter.com/utrumdotio

Youtube:

https://m.youtube.com/channel/UCehMosC6KxgxbWZv-FK62Bg

Github:

https://github.com/utrum

Linkedin:

https://www.linkedin.com/company/utrum

utrumrussia

UTRUM- Надежная книга для Крипто- инвесторов

Komodo Platform RUS

Written by

Komodo- composable blockchain platform. Komodo is focused on providing fully composable blockchain solutions https://komodoplatform.com

utrumrussia

UTRUM- Надежная книга для Крипто- инвесторов

Komodo Platform RUS

Written by

Komodo- composable blockchain platform. Komodo is focused on providing fully composable blockchain solutions https://komodoplatform.com

utrumrussia

UTRUM- Надежная книга для Крипто- инвесторов

Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. Learn more

Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. Explore

If you have a story to tell, knowledge to share, or a perspective to offer — welcome home. It’s easy and free to post your thinking on any topic. Write on Medium

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store