[utrum.io] Decentralized Review Platform. How it works?

in #cryptocurrency7 years ago (edited)

                            

Core Features of Utrum


  1. Reviews and Ratings for ICO / Cryptocurrencies / Tokens / Exchanges / Wallets / Everything crypto
  2. Reviews are populated by crowd wisdom
  3. Machine Learning Algorithm “Trust Factor Protocol” will learn voting patterns and results as the community grows to avoid fraudulent practices.
  4. Background checks of ICO / Crypto developers by investigative analysts.
  5. Technical / Market / Educational crypto analysis by experts
  6. Contributors are rewarded for their reviews with $OOT tokens
  7. Members are rewarded for their votes with $OOT tokens
  8. Knowledge base with Crypto articles and videos to educate Crypto Novice
  9. Members can ask questions and get professional advice from Experts.
  10. Networking place to meet other crypto enthusiasts
  11. Marketplace to buy and sell crypto related services
  12. Institutional Investors and other members can access in-depth analysis and reports of ICO with a premium subscription.


 Utrum has found solutions to the most pertinent problems of existing reward mechanisms.


Solving Comment Spam

Rewarded  content is a revolutionary concept in social networks. Many users tend  to misuse the comment feature just to earn rewards. We have decided not to reward comments. As there is no incentive for comments, users will make quality comments only and thus improving the overall system content.

Solving up-voting trending posts

The  users are influenced by trending patterns and they usually up-vote to  the trending post without reading the post in pursuit to earn rewards.  We found a solution to this problem. We are going to hide the voting results for a week.  This will force the user to vote with his conscience rather than  rewards in the mind. Users will not have any clue if the trend is up or  down. After the weekday period, payout rewards are issued based on the  weighted average vote. Even if user down-votes an article, he still gets  paid if many users voted for the same.

Reward Payouts

Every review is special and there might be users who can discover it after few days. We wanted to reward the contributor for one month by giving them due credit they deserve. Contributors can earn $OOT whenever a user finds their articles and up-votes them for a period of 30 days.


Our Vision — Make Investing Grandma Friendly! with simple ratings and scores.



Retaining $OOT value

We found four ways to retain utrum tokens $OOT value

  1. 5% APR interest will be given to users for a 90-day vesting period. This will stop inflation to some extent.
  2. 30% of total supply will be burned in due course of time. This will happen ONLY with ad revenues. Whenever the platform receives ad revenues, 30% of the revenues will be burned till we reach 30% of total supply.
  3. Reward  payouts will be primarily paid from Ad revenues. If the ad revenues are  low, only then payouts are made from 50% reward pool. As the platform  grows, the system will sustain on ad revenues and inflation will be very  low. The circulation supply will be less and OOT will have more demand  moving forward.
  4. Two week lock period to release contributor payouts. This will help to stop $OOT flooding the market.


Sharing Ad Revenues with users

We  are going to achieve the best of both worlds — Crypto and traditional,  by sharing the ad revenues with users. Our primary focus is to sustain  utrum platform in the long term. 


Our platform is people driven and community oriented to enhance safety in the cryptocurrency and blockchain world. 


Register for Pre-Sale at https://www.utrum.io/#tokensale 

  

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