United Traders is an investment and financial company founded in 2009. The company recently announced the launch of an ICO. Find out more today in our review.
What is United Traders?
United Traders, found online at UnitedTraders.com, is a financial services company based in Moscow. The company was launched in 2009. Today, it offers an investment marketplace, access to multiple exchanges, and online financial education materials.
Earlier this month, United Traders announced a token sale for UT Tokens. The token sale was launched with the goal of solving the liquidity problem in the world of cryptocurrency. The United Traders ICO is scheduled for November 30. A pre-sale is already underway.
How Does United Traders Work?
United Traders is a financial services trading platform available to traders in 42 countries worldwide. The company offers three core services, including an investment marketplace, multi-exchange platform, and a “megadictionary” of financial terms. Here’s a brief overview of each product:
The United Traders investment marketplace has been active since 2012, with a new interface released in October 2017. The investment marketplace allows users to browse through a series of investment products – including funds run by individual traders or institutional investors. One popular fund listed on the marketplace, for example, specializes in “Algorithmic strategies for trading in US equities,” and is forecasting 300% per year returns with a minimum deposit of $5,000.
You deposit money into United Traders, then invest in one or more funds through the platform. You can shop between investment products based on their profit, their risk, and their minimum deposit requirements.
Good funds will build an in-platform reputation over time. In order to be listed on the platform, a fund must also be approved by a United Traders manager. In the future, however, the company plans to delegate this approval to their “Experts” community. Any user who has gained a high rating score through the system can become an expert.
The United Traders investment marketplace allows investors to access multiple parts of the economy. There are cryptocurrency funds, for example, and traditional equity market funds. You can deposit fiat currencies – like the Russian Ruble or US Dollar – into the platform. Or, you can deposit cryptocurrencies like bitcoin and Ethereum.
Multi-Market Trading Platform
United Traders has a multi-market trading platform called Aurora. Aurora currently supports trading in the Russian foreign exchange and in the US stock markets.
Today, Aurora is integrated with third party exchanges. However, they eventually want to launch their own exchange. That exchange will feature liquid reserves of cryptocurrencies, including large cap cryptocurrencies as well as digital tokens for recent ICOs. Banks and financial institutions could partner with this exchange in the future.
The next step for United Traders and Aurora is to obtain a license in Luxembourg, Japan, or another jurisdiction.
United Traders has a feature called its “Megadictionary”. Basically, this is an online educational resource for the financial industry, including recent news and updates from the financial world. A key part of the platform is UT Magazine. Copywriters, journalists, traders, investors, and university instructors have all been paid to write articles for the financial newsletter.
So far, the magazine is written entirely in Russian. The blog and Megadictionary receive 500,000 visitors per month, making it a key landing page for the United Traders ecosystem. By 2019, United Traders hopes to expand to Chinese, German, English, French, and Italian as language options.
The United Traders ICO
United Traders announced an ICO in November. That ICO is scheduled to begin on November 30, 2017, with a pre-ICO taking place up to that date.
United Traders is accepting ETH, BTC, USD, and EUR through the sale. You can also purchase tokens using VISA or MasterCard.
There’s a minimum purchase amount of 0.1 ETH or 0.01 BTC. Tokens are set at a price of 1 ETH = 500 UT Tokens.
The token sale has a hard cap of 65,000,000 UT Tokens out of a total supply of 100,000,000 tokens. The remaining total supply is going to UT founders and employees (30%, or 30 million), and a partnership and bounty program (5 million). Any unsold tokens after the ICO will be destroyed.
The token sale ends on December 24, 2017.
How Do United Traders Tokens Work?
United Traders tokens can be used to pay for all products and services on the United Traders platform. Some of the highlighted options include paying investment market fees, paying for consultations on ICOs, and getting investment advice through the platform.
Tokens can also be used to pay trade execution fees, to maintain liquidity requirements, and to pay for advertisements on the United Traders Megadictionary blog, among other in-platform fees. Basically, all fees charged by the United Traders platform will be payable in United Traders Tokens.
Who’s Behind United Traders?
United Traders was founded in 2009 by “a team of traders, who were specializing on trading US equities and profiting from systematic ineffectiveness of US complex equities market.”
In 2010, United Traders began developing trading algorithms. Those trading algorithms eventually won the “best private investor” contest held by the Moscow Exchange (MOEX) in 2011 and 2012.
In 2014 and 2015, the United Traders algorithm-based hedge fund, Kvadrat Black, was nominated as one of the best equities funds in the world. In 2016, the company helped launch the Saint Petersburg Exchange (SPB Exchange), becoming the first and the biggest liquidity provider for them in US equities.
United Traders is headquartered in Moscow. The founding team includes Anatoliy Radchenko, Dmitriy Belousov, and Roman Vishnevskiy.
United Traders Conclusion
United Traders is a global investment platform that recently announced a token sale. The company is tokenizing its investment platform, allowing users to pay fees and other in-platform expenses using United Traders Tokens.
The tokens are on sale from November 30 to December 24, 2017.
To learn more about United Traders, or to participate in the token sale today, visit online at UTToken.io.