Utemis UTS ICO: Latin America’s Decentralized B2B Blockchain?
What Is Utemis?
There is a major reason why the 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 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 companies both small and medium-sized have the opportunity to create their future, 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 into 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 the end of 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 participants are rewarded in various ways. Other benefits would include a possible windfall from an IPO if another e-commerce company were to decide to acquire UTEMIS. Besides that, there is the potential that the crypto-coin token could 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 had 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 economic freedom and realizing their dreams.
Utemis UTS ICO Details
The first ICO will start on January 25 and will be followed later by a second one on February 8, 2018. It will have a hard cap of 58,000 ETH and a soft cap of 10,000 ETH.