What Is Utemis?
UTEMIS digital coin was created. For one, restrictions on access to capital, devaluation, inflation, and problems with the economic policies are just some of them. For instance, the policies favor banks charging high fees to their customers. In South America, there is a constant conflict between the financial system regulators and the interests of the general population.
The developers of UTEMIS want to create a decentralized crypt coin to solve these problems in South America. These developers believe that if both companies have their own, they will create a vibrant, efficient, and fair economic zone.
UTEMIS is intended to function like a B2b platform that is geared towards decentralization and the reputation of each merchant. Its main focus will be in South America, and it will be powered by the UTEMIS crypto coin. This token will help to protect the merchant from the vagaries of arbitrary intervention by the local authorities. UTEMIS is being modeled on Chinese e-commerce giants where there is a major emphasis on your reputation.
For this reason, the UTEMIS crypto coin is needed to complement the potential of transforming Latin America as a single economic space. All the proceeds of the ICO will be invested in the development of the technology platform and to hire a sales force to help the growth in Brazil, Colombia, and Mexico. Later on, it will expand into the rest of South America.
The benefits of the platform will be threefold. Firstly, you will be able to access suppliers from all over South America. Secondly, you will save on about 99% of current transaction costs and payments. Thirdly, you will be protected at all times from fraud.
UTEMIS expects to generate about $ 650 million by 2018 from various revenue streams around the token and the platform. For those who take part in the token sale, only that which is purchased in the ICO will be liquid. They also have a reward program where the participants are rewarded in various ways. Other benefits would include a windfall from an IPO if another e-commerce company is to decide to acquire UTEMIS. Besides that, there is a potential that the crypto-coin token can grow in value, which you can trade on various exchanges.
Latin America's Decentralized B2B Blockchain Has Major Potential
In South America today, most people have their accounts frozen. They are only allowed to make small withdrawals in local currency that is quite devalued. Besides that, the government often imposes arbitrary financial controls that make it hard for citizens to thrive.
A good example of this is Venezuela where people are purchasing Bitcoin and using it for trade to avoid the fiat currency of their country. While this is one of the extreme cases, there is a need for citizens to protect themselves all across South America. This is holding people back from achieving their freedom and realizing their dreams.
Utilities UTS ICO Details
The first ICO will start on January 8, 2018. It will have a hard cap of 58,000 ETH and a soft cap of 10,000 ETH.
Roadmap
Contacts
The developers can be contacted using the link below:
ETH Address : 0x4be0D62Fc296136326F1A6BB6E3A543472c41820
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