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Utrum, a decentralized community platform with reputation-based quality reviews of crypto projects and assets, has announced its public token crowd sale to launch May 10, 2018. Utrum will offer OOT, a Privacy Coin and the utility token of the Utrum ecosystem. The crowd sale is the second ever dICO (decentralized Initial Coin Offering) and is being launched on the Komodo Platform (KMD). Komodo is the world leader in Atomic Swap technology and this technology will be utilized in the Utrum dICO App, allowing participants to invest in the ICO in a unique “wallet-to-wallet” transaction, receiving OOT immediately in exchange for their investment with no third-party intermediary.
A grassroots project, Utrum was born out of a Komodo Slack conversation between a few cryptocurrency investors. Founder and Project Lead for Utrum, Sridhar Panasa, had observed the multitude of scams, misinformation, and chaos plaguing the crypto-investment community at large. Having previously run a Threat Intelligence company, Sridhar has a habit of looking at new technologies from a strong security perspective.
“I saw members running around from telegram groups to facebook groups trying to get info about investments…” said Sridhar Panasa, Utrum’s Founder and Project Lead. “There was no clear authority or means by which to sort through the noise. One day I got this idea. How can we stop scams from happening and identify the quality information about cryptos? I brought the idea up to Komodo’s lead developer JL777 and he created a slack channel for us in Komodo’s slack. There I began discussing with