United Traders revealed the aim of its ICO: solve the problem of liquidity in the world of cryptocurrencies.
The idea behind the UT ecosystem is the combination of platforms that will bring together the investor’s capital and the world’s best and most effective investment products alongside with the brilliant idea startups, that will help the world make better, fueled by blockchain and crypto-technologies.
“The policy pursued by UT investment marketplace provides for a focus on private investors holding small or medium-size capital resources. However, it does not mean that major companies or financial institutions cannot use this platform”, source white paper.
On November 13th, United Traders, a trading company dealing with traders from 42 countries around the world, announced that its ICO will start on November 30, 2017.
“We have been besieged from all sides since the first of the ICO. People try to contact us via social networks, corporate emails, the call sales office and technical support,” said Anatoly Radchenko, the Managing Partner of United Traders.
“They keep asking about the terms of purchase. We had over 10.000 registrations even before the launch of the main website. Based on the public response we will sale about half of the tokens during the Pre-sale.”
United Traders (UT) has many major projects, some of which have already been implemented. For example, UT already runs a multimarket platform Aurora (desktop Windows) that supports operations at NYSE, NASDAQ, BATS, ARCA, CME, CBOE, CBOT, EUREX, MOEX, SPBEX and Kraken.
United Traders Exchange (UTEX) can, in theory, rise to the top of cryptocurrency trading even if we rely only on current traders and UT customers.
According to a press release, the company said:
“…that liquidity has become a major concern for the cryptocurrency industry. With solid expertise in algorithm trading and thorough understand of the crypto market, infrastructure United Traders looks all set to solve this problem leveraging the power of special Smart route system. It is designed to enable execution of large orders at the best prices by way of distributing a certain part of orders concurrently among several cryptocurrency exchanges.”
Another project of the UT ecosystem is the Mega Dictionary, which is a bit like Wikipedia. It is the place where advertisers can publish their ads and authors can make money having ads in their articles. Very important is the fact that every author can write the most relevant content having reliable feedback on the demand for his previous creation.
Through the use of tokens, all existing United Traders projects will incorporate the tokens as an internal currency. UT indicates that all its projects will persist to be developed with a global approach of using the funds raised by selling the coins.
Operating since 2009 and already an expert in collective investment in the US stock markets, United Traders acquired a lot of recognition in 2011 by winning the competition for the best private investor organized by the Moscow Stock Exchange.
During this competition, traders’ performance was above 10,000% per year. The same -investment fund managed by UT received awards from the Russian hedge fund industry in 2014 and 2015.