UTRUST, the world’s first bitcoin and cryptocurrency payment platform with user protections, has raised more than $1.5 million in its pre-ICO campaign. The company is now looking forward to the next round of its crowdsale campaign, the public ICO round which starts later next month (October 2017).
The pre-ICO held on August 28, 2017, was sold out only in 90 minutes. With a high demand of UTRUST tokens, major slowdowns faced by infrastructure and overwhelmed support channels, the majority of $1.5 million CAP was reached in the first half. The company has scaled up its infrastructure and support staff for its upcoming ICO this month.
In the pre-sale, more than 1100 backers and 3000 additionally registered people couldn’t buy the tokens. The platform has gained positive feedback to execute the plan to take cryptocurrency mainstream and keep developing payment platforms in future. The funds raised in the pre-sale have helped the company schedule its technical development, marketing activities and strategic partnerships. The ICO is aimed at a CAP of $4 million.
The Features of UTRUST Platform
UTRUST is the company developing a global PayPal-like payments platform having extensive cryptocurrency support. The platform intends to provide all the advantages of secure, fast, cost-effective and convenient cryptocurrency transactions.
UTRUST ICO and Tokens
The first round of the ICO is starting on September 20, while the 7 upcoming ICO rounds will be eyeing to raise around $50 million for UTRUST. The funds will be used to establish major partnerships and build the world’s first Palpal-like cryptocurrency payment platform. The ERC 20 tokens are made over Ethereum protocol.
Users can use the tokens for making zero-fee payment to hundreds and thousands of merchants accepting cryptocurrencies via UTRUST. They can also trade these tokens with other currencies on supported exchanges.
The company will reserve some of its proceedings to buyback and discard the tokens that are in circulation. Being a deflationary currency in terms of design, the UTRUST tokens’ demand will rise with time, while experts say that buyback may result in the market value appreciation of the tokens.
To know more about UTRUST platform and participate in its upcoming ICO, please visit https://utrust.io/ico