UTEMIS Limited Liability Corporation will introduce a cryptographic utility token, named UTEMIS (UTS), to decentralize companies’ reputation in Latin America. We believe that if small and mid-sized businesses in Latin America have, for the first time ever, the chance to co-create their future, they will create the most economically vibrant, resilient, efficient and fair economic zone in the world. UTEMIS is a B2B platform geared to building trust by stressing and decentralizing merchant reputation, transaction assurance and trading efficiency. It is focused in Latin America and it is integral with the UTEMIS token, this being essential to protect merchants from the vagaries and arbitrariness of local governmental interventions.
UTEMIS TGE proceeds will be used to speeding up the development of the technological platform and in hiring a massive salesforce to spark growth in Mexico, Brazil and Colombia.UTEMIS Value Proposition for merchant customers is threefold: 1) Find new clients and suppliers in the entire Latin American continent and evaluate them by their reputation; 2) Save up to 99% of the current costs of doing transactions and payments and; 3) Keeping our customers protected at all times against fraud (using an escrow account). UTEMIS expects revenues of $650 million (US Dollars) in the first year of operations by monetizing this Value Proposition with three types of income: 1) Advertising; 2) Per transaction fees and; 3) Fees from managing the escrow account.
UTEMIS uses the same business model that has been so successful for the Chinese ecommerce giants. These companies have experienced an increase of well over 2,000% in sales since 2008. UTEMIS counts on a strong team; with successful entrepreneurs as Country Managers complemented by a strong Advisory Board composed of experienced bankers.UTEMIS is applying the same business model that successful Chinese e-commerce companies use to end economic and financial unfairness in Latin America.