We are pleased to announce our next AMA on September 28th 2020 at 12:00 PM UTC Time: Satoshi Club x UTU
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join UTU Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 4 Questions will be selected from our website – please submit your questions in the comments section of this post. 2 Question will be selected from
Part 2: 100$/10 users – Open chat for 80 seconds. You can post Max 5 questions. UTU Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about UTU
For more details:
UTU – @UTUtrust
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
As reported on the website, UTU Trust Oracles: Infrastructure to add an additional layer of a creditworthiness check to reduce over collateralization. But probably this method cannot guarantee 100% reliability of forecasts. Are there any risk insurance mechanisms in place?
The roadmap says you are planning integrations with more 3rd party services in more sectors. Have you already decided with which services the integration will be carried out in the first place?
• How does UTU prevent manipulation of reviews and projects from hiring people to indicate that they can be trusted? Is there a way to filter the real information from the fake one?
• In order to indicate that a Dapp or Exchanges is trustworthy do I need to pay any commission? Where is my feedback recorded?
• Why do you consider that rating the platforms according to their level of trust is important? Isn’t it more convenient for each person to do their own research?
I really like that besides user recommendations UTU’s trust oracle also accesses off-chain data through social-media channels and uses this data to assess a borrower’s creditworthiness. Could you please elaborate on how this works by providing a concrete example?
Traditional credit scores are often highly context-sensitive and only apply to specific areas — how do you plan to overcome this limitation with UTU?Defi seems to be the hottest thing at this point in time for the crypto space. How does UTU as a project aim to take full advantage with products such as yield farming, multiple forms of staking, etc?
As for UTU’s hybrid business model, are you yet to decide on strategies to use on the centralised side? Or the team is still experimenting?
When starting my research regarding UTU initially the concept seemed a little abstract to me. Could you maybe provide a concrete example where the interaction between a lender and borrower is facilitated by UTU and its reputation mechanism?
Under Which scenarios the UTU AI technology can be applied? Can you us which successfully uses cases has be done?
One of UTU’s principles is to move away from aggregated ratings to a “human-friendly personalized narrative and data points”. What kind of data points will be provided besides some sort of “creditworthiness” score?
How UTU incentivise clients to provide data usable for UTU trusted recommendation service?
Traditional credit scores are often highly context-sensitive and only apply to specific areas – how do you plan to overcome this limitation with UTU?
In the Whitepaper says that the total supply of the UTU tokens is infinite, so can you give us more details about It? Also How you prevent the INFLATIONARY terms?
Defi seems to be the hottest thing at this point in time for the crypto space. How does UTU as a project aim to take full advantage with products such as yield farming, multiple forms of staking, etc?
Besides user suggestions, I really like that UTU’s trust oracle system accesses off-chain data via social media channels and uses this data to evaluate the credit credibility of the borrower. Can you explain how this works?
From a technological and commercial perspective, how can traditional companies be integrated into the UTU ecosystem? What are your plans for traditional companies that continue to exist with their own systems?
Why UTU utilizates 2 differents tokens? Which are the differences between the UTU Coin and the UTU Trust Token?
The mission of UTU is to promote trust in the crypto space. What mechanism/infrastructure will you use to achieve that, especially in the Defi space? Which oracle services will you use to achieve your goals?
How, or through which big partnerships do you plan on utilising to pass your product onto the normal consumer – especially non-crypto people?
MVP is due for release in 2021 – How is that coming along?
I have understood that UTU have a penalty system, so what are the punishments to the users that don’t act honest ?
What are the benefits Offered to UTU buyers? How you empower/reward UTU buyers?
To use the UTU platform is required approve or pass a KYC method? Why?
The Scalibility and Performance terms are always the Main feature that a successful project need to have, so How UTU guarantee a good stability and Interoperability during its operations?
Could you elaborate why UTU will use a dual token ecosystem (UTU Trust Token and UTU Coin)? What are the benefits for the ecosystem and potential investors?
On the topic of the need to increase the value of the token or reduce market capitalization, will the UTU Ecosystem accommodate a BuyBack/Token burn mechanism after the token sale or in the near future?
What is the main role of UTU Token in your ecosystem ? Why UTU is necessary for your project ?
The projects is mainly focused in Africa territory, so can you tell me Which are your expansion plans? Which other continents you want to get into?
comes from the name UTU ?
if the system is under construction as you informed me security if this mode still tests ?
Why UTU also adapts to centralized systems?
Does $Utu plan to expand the project and cover other markets?
The objective of the different ama sessions is to provide information to the users of the $ UTU project, my question is, have they managed to expand their community with this methodology?
One of UTU’s Notable partnership is with Graychain(now called credmark) to deliver trust-powered, privacy-preserving, borderless Crypto Credit across africa and enhance credit scoring on the blockchain.. Can you tell us how UTU’s Trust Ecosystem is Reliant on this partnership specifically with respect to credit scoring
UTU’s Trust Infrastructure has been deployed in mobility markets across Africa with more being rolled out imminently…can you tell us real examples of this markets and the future market UTU is looking at specifically in Africa
UTU is using a machine-learning algorithm that is based around real human experience of trust in various sectors, how did UTU gather all the required data it needed to ensure that it’s AI algorithm operates as expected because an algorithm built on unreliable data can undermined the overall TRUST of your ecosystem
You have huge support from major investors such as MoonRock Capital, One Block etc. Can you tell us more about your collaboration with Hacken, APE Unit and HackBG? How does this partnership benefit both parties involved?
Utu plans to build a trust infrastructure in the crypto space but has focused so much on developing the centralized entities. Can you give us progress made on your decentralised protocol and when should we expect the launch?
What’s the use case for UTU ? how far has UTU been able to complete it’s roadmap ?
From an application for calling a taxi to DEFI … You keep up with the times and we see this on the example of your products. Are there any steps to be ahead of the time? Can you offer something of your own unique?
you have a large number of subsidiaries. What are they doing? They are all in startups or maybe you have companies that are engaged in more primitive things that bring money to the entire ecosystem?
Can you explain more about the UTU Oracles and what’s roles it will play in DeFi
What criteria is applied in selecting what Is branded in TRUSTED by UTU, can these criteria be manipulated
Key Opinion Leaders are key to the adoption of new innovations and I believe UTU needs KOL to not only spread the idea but also ensuring TRUST verification. Any plans for KOL, ambassador program
I read in your roadmap that you are planning to list on exchanges in Q3 2020. What are these exchanges? And are there any listings already implemented?
You have many partners and investors. And it fits well with your mission based on trust. Tell us more about the contribution of UTU partners to the development of the project. And how many tokens belong to partners?
You have a fairly large and diverse team. Do you have an office and, if so, where is it located?
How does the mechanism of trust distinguish an artificially created human reputation from a real person, what is the result based on and what sources are used for it. Are you responsible if the system is wrong and the platform who trust your service loses money? For example, if I want to take out a loan and specially take it several times in advance, then return the loan, which will give me a good reputation (credit rating), in social networks I will create a profile of a successful manager with text keys about a large salary, which will give the robot false knowledge. As a result, with an excellent reputation, I will ask for a loan and will not give it back.
I see that you have a PENALTY system. What is it for; who are penalized for doing what?
You have UTT besides UTU. What is the difference between them? For what are they used each?
Why have you preferred “Æternity blockchain” in your system? What are the advantages compared to other blockchains?
For providing a “Trustful” ecosystem you “Trust” users, 3rd party people. How do you assure they are trustful enough? What mechanism makes them do the right thing?
You have a plan for integrating some protocols, such as DEDIS Calypso and Recheck, with UTU. What is the mission of these integrations/supports? What should be expected when completed?
Can you provide some samples of real life cases that UTU system can be used for?
really because UTU looks for “Eliminate trust fraud”? Trust is not really necessary to obtain good financial results?
What is really the mission and vision of UTU? Is it simply to develop an infrastructure that provides the best recommendations and services to exchange platforms? and with her achieve the adoption?
Just because UTU means “humanity” in Swahili, was this name chosen? is this the founder’s native language? or because he really stood out for the rest of the names?
In the same way that the UTU Trust Portal provides recommendations on third-party oracles, dApp and Exchange, it shows recommendations of which ones not to use and which ones are risky or scams?
How will UTU really “make the internet a safe place”? simply through smart contracts and recommendations for new platforms and projects?
I understand that UTU is native to African countries, have they obtained some results or achievements as a project and infrastructure in that continent? or are they just in the process of development?
To be able to enjoy UTU services, do they have to be totally Defis projects? Or can totally centralized projects get involved in it and through UTU achieve decentralization?
UTU is totally DeFi? If so, why do they require us to enter our data and email to be part of the protocol?
is UTU infrastructure really a necessity for exchange platforms? or can they easily achieve scalability without your services?
Can we connect to the UTU API and contribute to the ecosystem and access the system and bring UTU? How does the API system benefit?
What are the reasons for UTU’s focus on providing interoperable mobility, especially in African countries, and increasing its number in the future?
How does UTU’s machine learning determine which marketplace or service provider is most suitable for lenders and borrowers, and how does it mediate users in this regard?
UTU is pioneer in trust technology based on the insticts of humans. When we trust people our gut is wrong sometimes. How would that be handled in UTU, how can you mix human nature with the 100% efficiency we look for in technology?
How can the experience of users in DeFi be improved with UTU’s technology compared with the trustless ecosystem most platforms offer or are trying to reach?
UTU is based in Kenya. Not many DeFi projects are based in african countries even though Africa is currently an important market for digital finances. So, why are you based there? Are there laws and regulations about blockchain? It is a good place to look for the internationalization of UTU?
Which third parties are involved in the trust system developed by UTU, how is this design completely secure and private for users?
What are the partners of UTU, where could we experience its technology in the near future besides its own platform?
How to join the Last PreSale and when?
Can you provide some information for Next year’s Roadmap?
you introduced white paper v3. What happened to the previous white papers? Why did they become irrelevant?
What are the UTU benefits? .. apart from profit from the price increase, we also need to benefit from UTU
UTU trust on DeFi.So what are you offer on DeFi for UTU investors?
I see the UTU trust logo design. I am very curious about UTU logo. A yellow ball in the middle and many black ball in the around. It’s also look like chemistry Atomic Bond .so is it any specific meaning by your logo?
How to UTU trust users will endorse third-party oracles and DAPPs on UTU trust portal? Can you explain it?
The supply of UTU coins is capped to 1 billion and 40% would be in Token Generating Event. Can you tell us what are those events being allocated for 40% of the supply? Is there an elasticity of supply for your token in the future?
2.UTU believe in more human-friendly internet. So for your own understanding what is a human-friendly internet? What will be the exact solution that UTU is developing to achieve a human-friendly internet?
Does UTU has a plan to collaborate with Playstore or Apple store or in some big companies for conducting a legit review to some applications with their platforms? Is this one of your future goal to make UTU popular?
Why motivated you to solve the problems of burdens of over-collateralization and trustless-ness in the DeFi space and how will it benefit the users and the ecosystem as a whole? Will it lead to more centralization?
Many UTU MVPs like MVP of UTU DeFi Oracle with pilot partners, MVP for the governance protocol and MVPs of remaining components and products are scheduled to release in Q4 2020 and Q1 2021. What is the progress of these MVPs till now and how will these features provide value addition to your ecosystem?
UTU seeks to bring a paradigm change through its own digital trust infrastructure. How does UTU’s proprietary Trust-API and UTU’s Trust Oracles achieve this and what is the process of integrating it into any application including cost involved and easiness of the process? Has anyone used your product in real life?
Could you explain what is the the main focus of UTU right now?
What is the product that will be developed by UTU?
How does trust build trust and functionality for the market and business?
How was the machine learning adapted for the trust model developed and what are the advantages for the system?
How does #UTU Protocol incentivize clients directly to provide data?