Dear community, our friends from UTU have started the token sale offering.

In this article you will find all the details related to the UTU Protocol token sale.

Tokenomics:

The following article clearly outlines all the important details you need to know about the UTU Tokenomics. If you have any additional questions after reading, feel free to reach out to them through any of the official social media channels listed at the end of this article.

What is the total supply and distribution of UTU tokens?

As stated in the White Paper, the potential total supply of the UTU tokens will be 1 Billion, which is the upper limit of the total possible UTU tokens on the market.

91,454,545 UTU tokens – 9.15% of Token Supply – for sale.

There are 7 stages planned for the fundraising:

Stage 1: FNF

The Stage 1 is allocated to Friends and Family and a total of 2,000,000 tokens are allocated. The tokens have a lockup period of 18 months with a pro-rata release every quarter. The tokens are priced at $0.010/UTU and a total of $20,500 worth of funds have been raised in this round.

A total of 0.2% of the total supply has been sold in this round.

Stage 2: Private Sale 1

The stage 2 is the private sale 1 and a total of 8,000,000 tokens have been allocated. The tokens do not have a lock-up period and are unlocked on day1. The private sale 1 has a total of 0.8% of total supply.

The tokens are priced at $0.046/UTU and a total of $368,000 worth of funds are planned to be raised. The round is active from August 21st, 2020 and will last till September 10th or all the tokens are sold out!

Stage 3: Private Sale 2

Stage 3 is the private sale 2 and a total of 4,954,545 tokens have been allocated. The tokens do not have a lock-up period and are unlocked on day1. The private sale 2 has a total of 0.5% of total supply.

The tokens are priced at $0.052/UTU and a total of $257,636 worth of funds are planned to be raised. The round will begin after the private sale 1 ends.

Stage 4: Presale 1

Stage 4 is the Presale 1 and a total of 15,000,000 tokens have been allocated. The tokens have a lock-up period of 45 days with 40% of the tokens releasing on day 15, 30% on day 30 and 30% on day 45.

Example: If Bob purchases 100 UTU tokens in Presale 1. He would receive 40 UTU on day 15, 30 UTU on day 30 and 30 UTU on day 45.

The Presale 1 has a total of 1.5% of total supply.

The tokens are priced at $0.023/UTU and a total of $345,000 worth of funds are planned to be raised. The round will begin on August 27th and will be active till September 10th or when all the tokens are sold out.

Stage 5: Presale 2

Stage 5 is the Presale 2 and a total of 28,000,000 tokens have been allocated. The tokens have a lock-up period of 45 days with 40% of the tokens releasing on day 15, 30% on day 30 and 30% on day 45.

Example: If Bob purchases 100 UTU tokens in Presale 2. He would receive 40 UTU on day 15, 30 UTU on day 30 and 30 UTU on day 45.

The Presale 2 has a total of 2.8% of total supply.

The tokens are priced at $0.027/UTU and a total of $756,000 worth of funds are planned to be raised. The round will begin on August 27th and will be active till September 10th or when all the tokens are sold out.

Stage 6: Presale 3

Stage 6 is the Presale 3 and a total of 26,000,000 tokens have been allocated. The tokens have a lock-up period of 45 days with 40% of the tokens releasing on day 15, 30% on day 30 and 30% on day 45.

Example: If Bob purchases 100 UTU tokens in Presale 3. He would receive 40 UTU on day 15, 30 UTU on day 30 and 30 UTU on day 45.

The Presale 3 has a total of 2.6% of total supply.

The tokens are priced at $0.03/UTU and a total of $780,000 worth of funds are planned to be raised. The round will begin on August 27th and will be active till September 10th or when all the tokens are sold out.

Stage 7: Crowd Sale

Stage 7 is the Crowdsale and a total of 7,500,000 tokens have been allocated. The tokens do not have a lockup period.

The Crowdsale has a total of 0.75% of total supply.

The tokens are priced at $0.04/UTU and a total of $300,000 worth of funds are planned to be raised. The crowd sale will begin on September 10.

30.85% of supply:

30.85% of the total token supply has been reserved for possible growth rounds in late 2021 or early 2022.

30% of supply:

30% of the total token supply has been reserved for the Team and Advisors. They will have a lockup period of 12 months after protocol launch and thereafter will be released pro-rate for the next 24 months.

30% of supply:

The final 30% of the total token supply has been reserved for Ecosystem development. The Ecosystem funds haven’t been minted yet.

What is the percentage of tokens on the market in circulation after the Token sale?

The token supply on day 1 of the sale would be 20,454,545. The tokens sold in Crowdsale, Private sale 1 & Private 2 will be unlocked.

Who is subject to a lock-up period?

Tokens purchased in Presale 1, Presale 2, Presale 3, Team and Advisors, Growth Round and Ecosystem funds. Please find the image above to learn more about the individual lock-up periods.

Wanna get in on the action? Register HERE.

About UTU

At UTU we believe in a more human-friendly internet. We are pioneering digital models of trust built around human beings and how we naturally trust. UTU’s vision is to become the trust infrastructure of the entire internet, replacing anonymous star ratings, reviews, and scores as the de facto trust mechanisms of our digital lives. We do this in service of our mission to protect data and privacy as we bridge the gap between how we trust in the real world, and how we are asked to trust online. UTU is kiswahili for “Humanity.” It reminds us of our home in Kenya and for whom we build this project.

We currently have a team of 40 at our HQ in Nairobi and R&D collaborations with the Agents, Interactions, and Complexity Group at the University of Southampton in the UK as well as the newly established UKRI Trusted Autonomous Systems Hub.

UTU and our subsidiaries have been featured variously in international media, including Pitchbook, NPR, TechCrunch, Analytics India, Aithority, Disrupt Africa, How We Made it in Africa, and others. We won the 2019 East Africa Regional Championship of the Pegasus Tech Ventures Startup World Cup and have been named a 2020 Hello Tomorrow Deep Tech Pioneer.

Check us out on the Web, Twitter, and join us on Telegram in decentralizing the future of trust.