Last Updated on July 22, 2020 by CryptoCreed
The only decentralised B2B e-commerce that uses the Blockchain to transform the Latin American continent into one market
UTEMIS launches this cryptocurrency token to wake up the economic life of Latin Americans. Latin Americans are restricted to use their financial economics policies. Because of strict rules and laws which are getting implemented almost daily. This, UTEMIS ICO himself will be one such project in Latin America. The idea regarding UTEMIS project comes from Chinese e-commerce companies. By starting this project UTEMIS aims to remove financial restrictions and economic instability from Latin America.
UTEMIS gives the example of Venezuela, people of Venezuela are showing interest in Crypto’s and avoiding their national currency. And really Bitcoin and such cryptocurrencies are future of economic. According to the whitepaper, the government of Latin America is really imposing unneeded rules. Like, freezing bank accounts of local people and/or allowing small withdrawals, devaluations of currency, arbitrary financial controls and etc. These types of laws of government will really stop the development of the country.
UTEMIS team planned to launch an ICO to collect favorable fund to continue with their further projects. The tokens which will get sold in ICO will be liquid only and the rest of them will be used to UTEMIS ICO Review platform. UTEMIS has set a target that the price of per tokens may increase from 0.0006 to 1.4 ETH
First UTEMIS works the same as other exchange works. But with some extra features. For instance, if you sell your tokens or coin UTEMIS platform will execute sell internally and no blockchain data will be recorded or not in the open market. But when you Buy tokens or coins UTEMIS forward the order to an exchange where Blockchain will record and increase in value generated. This is how UTEMIS will work after launch. That is the reason why Latin America needs its own currency not officially but working.
UTEMIS ICO Review will be a Limited Liability Corporation incorporated in Andorra. UTEMIS tokens are based on Ethereum blockchain. UTS tokens are 200 Billion in total supply. 50% of the total token will be distributed in ICO and 20% for Pre-ICO. 15% will be allowed to Bounty campaign and referral campaigns. 10% to team members and advisors but this token will be locked for two years. And rest of the 5% UTS tokens will be reserve for any future needs.
Token and ICO specification:
Token Name: UTEMIS ICO
Token Ticker: UTS
Total Token Supply: 200 B tokens
Blockchain: ERC20 based Token
Token Price: 1 ETH = 1,500,000 UTS
Pre-ICO Start Date: 15 Feb 2018
Pre-ICO End Date: 01 March 2018
ICO Start Date: 01 March 2018
ICO End Date: 30 April 2018
Minimum Contribution: 0.05 ETH
Payment Accept: ETH only
Team of UTEMIS Project:
According to the whitepaper, UTEMIS has the best and experienced team member. Team members are related to the Banking and Business sector. This will help the project to reach on the moon.
Dr. Juan Pablo Vazquez Sampere- Founding member
MR Harvard University, MBA IE Business School, and Ph.D. Complutense University. Nominated in top innovation thinker in 2015. Mentor at TechStars. Member of Netexplo.
Daniel Ortiz Uribe- Founding member
OMP IE Business School, Industrial Designer Universidad
de los Andes. Founder of Floresymas, Segurofacil and Bodaplanes.com. Mentor at Connect Bogota region.
Antonio Codino- Core technology member
BA in engineering, 15 years of experience as a developer, specialist in SEO.
Francisco Denia- Core technology member
BA in computer science with specialization in SMX, PHP,JS,HTML5.
You can find more information regarding the team here on their official whitepaper.