UTRUST's Pre ICO Sells Out $1.5 Million in 90 Minutes, Public ICO 20th September

Cryptocurrency payments platform with consumer protections, UTRUST raises $1.5 million in 90 min. PreICO ends, ICO set to launch on 20 Sep.

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UTRUST

Sep 04, 2017, 18:15 ET

ZUG, Switzerland, Sept. 4, 2017 /PRNewswire/ -- With a team spanning corporate management, B2C startups, payments, blockchain development, law, finance, and more, Payments startup UTRUST is pleased to announce its pre-ICO sold out in 90 minutes on Monday, 28th August.

UTRUST's Pre ICO Sells Out $1.5 Million in 90 Minutes, Public ICO 20th September

Demand for UTRUST tokens was so high the infrastructure experienced major slowdowns and support channels were overwhelmed, with the majority of the $1.5 Million cap reached in the first 30 minutes. UTRUST have since scaled up infrastructure and support staff to meet demand in the upcoming public ICO round 1 on September 20th 2017.

With over 1100 backers able to purchase tokens, over 3000 additional people registered and attempted to buy tokens but were too late to participate. UTRUST is pleased to have received market approval to execute their plan to take cryptocurrencies mainstream, and continue building out the payments platform of the future.

The $1.5 Million in initial pre-ICO funding has allowed the team to secure a schedule for technical development, strategic partnerships, and further marketing initiatives.

Round 1 of the public ICO commences on September 20, 2017, at 2 p.m. GMT, with a higher cap of $4 Million. The 7 upcoming ICO rounds will bring UTRUST to $50 Million of funding, and provide the launchpad required to revolutionize the payments space.

About UTRUST

UTRUST is the world's first cryptocurrency payments platform to implement consumer protections on a mass scale. The company is building a global PayPal-like payments platform with extensive cryptocurrency support.

UTRUST's end goal is to provide all the benefits of fast, secure, convenient, and inexpensive cryptocurrency transactions, in tandem with the world's first cryptocurrency payment protections, which consumers need to fully embrace blockchain technology en masse.

UTRUST ICO and Tokens

The first round of UTRUST's public ICO is set to go live on September 20th, 2017, with 7 upcoming ICO rounds total bringing UTRUST to $50 Million of funding.

The company will use the collected funds to establish key industry partnerships and to develop the world's first PayPal-like cryptocurrency payments platform. The ERC20 compatible tokens are created over the Ethereum protocol, and can be used as a means of payment on UTRUST's payment gateway along with other cryptocurrencies.

UTRUST's token can be used for making zero fee payments to the thousands of merchants accepting any cryptocurrency via UTRUST, and be traded against other currencies on supported exchange platforms.

UTRUST will allocate a certain portion of the revenues to buyback and destroy the tokens in circulation. Being a deflationary currency by design, the demand for UTRUST tokens will increase with time, which combined with buyback should lead to appreciation in its market value.

To learn more about UTRUST's ICO please go to https://utrust.io/ico.

The Team

UTRUST is backed by a highly experienced team from various sectors including corporate management, startups, payments, cryptocurrency development, law, finance, and computer science. Some of the prominent members of the team include:

Nuno Correia, CEO
Nuno Correia is an early cryptocurrency investor who has been involved in the cryptomarkets since the beginning of 2011. Having founded multiple B2C businesses in the past, Correia has a background in Law and Marketing, and his passion lies in transforming the future of digital payments.

Filipe Castro, CIO
Filipe Castro holds a business degree from MSENG and is passionate about disruptive technologies. He has experience developing electronic payment systems and other software solutions during the early days of his career. Castro is engaged in business development and strategic development of new ventures.

Artur Goulão, CTO
Artur Goulão comes with previous experience in the payments industry. He has previously donned the role of a CTO in one of the leading digital payment platforms and is currently serving as the Head of Development at a Swiss-based Cybersecurity company. With a background in computer science from IST and MIT, Goulão is well-acquainted with both classical and blockchain smart contract based approach.

Roberto Machado, CPO
Founder and Product Manager at several startups prior to UTRUST, he has been leading different teams to build highly-reliable software products, with a focus on the end user experience. Previously, he has worked together with major international companies such as AT&T, Betfair, Airtel, and Uphold, being responsible for the vision outline, goals and product strategy of solutions used by millions of users.

Other significant team members include Luis Ferreira as Head of Engineering; Laura Esteves as Head of Operations; Joao Ferreira as Head of Design; Nick Olender as Head of Sales and Partnerships; and Francisco Baila as Product Designer. UTRUST has a team of software engineers like Miguel Palhas, Gabriel Poca, Ronaldo Sousa, Fernando Mendes, Bruno Azevedo, Pedro Costa, and Joao Justo.

UTRUST's diverse advisory team includes Francisco Maia, Francisco Cruz, Joao Paulo, Sergio Viana, Marc Howland, David Dryan, Daniel Pierce and Sascha Benz.

Learn more about UTRUST at: https://utrust.io
Read the UTRUST Whitepaper at: https://s3-eu-west-1.amazonaws.com/utrust/UTRUST-whitepaper-v1.0.1.pdf
Learn more about UTRUST's ICO at: https://utrust.io/ico
Follow UTRUST on Twitter at: https://twitter.com/UTRUST_Official
Join UTRUST on Facebook at: https://www.facebook.com/utrust.io
Read UTRUST's posts on Medium: https://medium.com/@UTRUST
UTRUST on YouTube: https://www.youtube.com/watch?v=mGAaaV-aVGs&feature=youtu.be