Trust and reputation are the fuel that drives business growth. By decentralizing their reputation on the Ethereum Blockchain, businesses that are honest will thrive, and those that are not will find themselves driven out from the system. And for the first time ever 100% of this outcome depends on them.
Bitcoin was not created to convince fiat currencies to protect consumers instead of governments. Bitcoin was created to start something new, something fundamentally better. It is for this same reason that we are creating UTEMIS.
WHAT IS UTEMIS ?
UTEMIS is a B2B platform geared to building trust by stressing and decentralizing merchant reputation, transaction assurance and trading efficiency. It is focused in Latin America and it is integral with the UTEMIS token, this being essential to protect merchants from the vagaries and arbitrariness of local governmental interventions. In this, UTEMIS follows the prove business model of the leading Chinese e-commerce giants with a strong emphasis on reputation. Read more on their whitepaper
UTEMIS Value Proposition for merchant customers is threefold:
- Find new clients and suppliers in the entire Latin American continent and evaluate them by their reputation;
- Save up to 99% of the current costs of doing transactions and payments and;
- Keeping our customers protected at all times against fraud (using an escrow account).
MOTIVATION
UTEMIS is applying the same business model that successful Chinese e-commerce companies use to end economic and financial unfairness in Latin America.
UTEMIS uses the same business model that has been so successful for the Chinese e-commerce giants companies like Alibaba, JD, Tmall, or Taobao. They have experienced an increase of well over 2,000% in sales since 2008.
UTEMIS is a new business model where we put the people’s priorities first. A place where if you don’t deliver, or poor quality or fraudulent products are provided it will be recorded for everyone to see on the blockchain. But it is also a place where if you are honest and do honorable business it will also be publicly available on the blockchain – adding significant business growth.
Problems That UTEMIS Solves
- Finding other businesses (clients and suppliers) to trade with at better margins
- Costs of internationalization and payment systems
- Businesses get stiffed after several transactions
TOKEN INFORMATION
UTEMIS Limited Liability Corporation will introduce a cryptographic utility token, named UTEMIS (UTS), to decentralize companies’ reputation in Latin America. The UTEMIS is a cryptocurrency with a fixed supply. It is fungible, fractionally, divisible and is not subject to the inflation of any particular economy.
There is a powerful reason for creating the UTEMIS cryptocurrency token; the restrictions on access to capital, inflation, devaluations, dysfunctional economic policies, unreasonably favored banks charging inordinate fees to their customers. The lives of ordinary citizens are daily witnesses of the important conflicts of interest between the regulators of Latin American fiat currencies and the general interests of the population.
For participants in the token: only the amount purchased in the ICO will be liquid. In addition, UTEMIS has a unique ‘VIP Participants Program’ that rewards early participants with a special reward policy (similar to a ‘dividend policy’).
The Company : UTEMIS will be a Limited Liability Corporation incorporated in Andorra
Tokens Issued : UTEMIS utility token will be issued for sale on the Ethereum Blockchain
Token Name : UTS
Total Supply : 200 billion tokens
ICO Soft Cap : 5,000 ETH
Start of ICO : February 15, 2018, 18:00 PM Central European Time
Duration of ICO : Between February 15, 2018 until April 30, 2018
Minimum Contribution : 0.05 ETH or its equivalent in other means
Contributions Accepted : Ethereum (ETH)
Initial Preliminary Token Price : for ICO 1 ETH = 1,500,000 UTS
UTEMIS will use the Ethereum blockchain to store both economic and reputational transactions. The use of this technology offers the transparency and security necessary for the success of the system, since it offers the possibility of using a transaction scanner so that, anyone that wants to, can verify the data related to a specific transaction, both economic and reputational: date and time, origin account, destination account and value, among others.
For more info, feel free to visit :
- Website : https://www.utemis.com/
- Whitepaper : https://www.utemis.com/White_Paper_Utemis.pdf
- ANN : https://bitcointalk.org/index.php?topic=2918419.0
- Telegram : https://t.me/joinchat/EKWKsRBgoQZzPLRDs9kA2g
- Twitter : https://twitter.com/UTEMISUTS
- Linkedin : https://www.linkedin.com/company/utemis
Author
Bitcointalk Name : naurah03
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1523723
Eth Address: 0x3A55583F56D1ac35E1eD82A7cB6302B74E6FDA0b