Ultroneum
Ultroneum
Token: XUM


The Evolution Of Crypto Financial Management

ICO dates
Start date: 2018-07-03
End date:

Registrated in: Estonia

Platform: Ethereum
Type: ERC20

PREMIUM ICO

Ultroneum categories
Business services Cryptocurrency Electronics Internet Investment Software
Ultroneum whitepaper
Video
Ultroneum token sale
KYC passing required Yes | Whitelist No | Restriction for countries No
Soft cap 1,500,000 USD
Hard cap 60,000,000 USD
Tokens for sale 300,000,000
Token distribution in ICO
60%
60%
Ultroneum news, social
Ultroneum search trends in Google
Random whitepaper excerpts

ABSTRACT
The current setback in Blockchain technology is that it is segregated from traditional finance.
Ultroneum project aims to bridge the cryptos with conventional finance into a coherent and
complementary system, to enable use of both without any apparent deviation in the way users
complete their transactions.
...

TABLE OF CONTENTS
TITLE
i
ABSTRACT
ii
TABLE OF CONTENT
iii
1
FORWARD
5
2
EXECUTIVE SUMMARY
6
3
OUR ASPIRATION
7
4
TODAY’S CHALLENGES
8
5
ULTRONEUM’S
SOLUTION
9
5.1
Ultroneum Access Channels
9
5.2
Use Cases
11
5.2.1 Use Case 1: Currency (Conventional and Crypto) Transfer
11
5.2.2 Use Case 2: Purchasing in an E
-
Commerce Platform
12
5.2.3 Use Case 3: Withdrawing Conventional Currency fromPartner Bank’s ATM
13
5.2.4 Use Case 4: Withdrawing Conventional Currency from Ultroneum CCM
14
5.2.5 Use Case 5: Using Automated Devices with Ultroneum Wallet
15
5.2.6 Use Case 6: Purchasing and Paying Peer
-
to
-
Peer
16
5.3
Additional Services for Clients
17
6
CRYPTO MARKET ANALYSIS
18
7
ULTRONEUM’S BUSINESS ...

11
RISK FACTORS
41
11.1 Risk of Losing Access to XUMs Due to Loss of Private Key(s), Custodial Error or Client Error 41
11.2 Risks Associated with the Ethereum Protocol
41
11.3 Risk of Mining Attacks
41
11.4 Risk of Hacking and Security Weaknesses
42
11.5 Risk of Theft
42
11.6 Risks Associated with Markets for Tokens
42
11.7 Risk of Future Sales or Issuance of XUM
43
11.8 Risk of Uninsured Losses
43
11.9 Risks Associated with Uncertain Regulations and Enforcement Actions
43
11.10 Risks Arising from Taxation
44
11.11 Risk of Competing Ecosystems
44
11.12 Risk of Insufficient Interest in the Ecosystem
44
11.13 Risks Associated with the Development and Maintenance of the Ecosystem
44
11.14 Risk of an Unfavorable Fluctuation of USD
45
11.15 Risk of Dissolution of XUM or the Ecosystem
45
11.16 Risks Arising from Lack of Governance Rights
45
11.17 Risk...

We are embarking on a journey to revolutionize crypto financial management by:
“Preparing the infrastructure for a financial system and facility for the masses.”
-
Adnan Khashoggi – Co
-
Founder
“Enabling cryptocurrency expenditure directly in the economic environment.”
-
Malek Othman – Co
-
Founder
“Automated universal exchange between cryptocurrency and conventional currency.”
-
Zamzuri Abdul Majid – Chief Executive Officer
One of the most significant contrasts between cryptocurrencies and conventional
monetary system is cryptocurrencies’ deflationary attributes which are backed by the
currencies’ capped supply. Economists at large believe this a great benefit, as the limited
supply of issued cryptocurrencies will result in a sustained and increased price.
1
With traditional digital conventional currencies, there are only estimates of how much
money is in circulation, and no one knows for sure if central banks are pr...

Ultroneum
’s ambition is to build a cashless Global Multi Financial Services Mobile
Gateway where all payments’ and transactions’ needs can be fulfilled using both
supported cryptocurrencies and supported conventional currencies as an
interchangeable financial instrument.
Our goal is to support and enhance the cashless ecosystem for individuals, businesses
and societies at large around the world. We are currently designing and developing the
Ultroneum platform
to establish such financial environment. This includes mobility via
smart devices, and access to merchants via Point of Sale (POS) devices, all of which can
be used with multiple cryptocurrencies and/or conventional currencies at the same time.
Thus, extending financial facilities to
anyone, anywhere and anytime
globally.
The proposed
Ultroneum platform
will enable cross
-
border use of any cryptocurrency
and any conventional currency, for financial transactions between two or more p...

3
Our ambition is to create a world in which all financial needs can be satisfied using any
supported cryptocurrency or any supported conventional currency.
The new
Ultroneum platform
will be built as part of the proposed infrastructure, to
enable the reach, speed and integrity required for any transaction by the users of the
system. POS terminals and mobile smart devices will be incorporated into the system to
enable the maximum usage by the populace.
Merchants will be able to accept the currency of their choice conveniently, safely and
without delay, while consumers will be able to pay for goods and services with any
cryptocurrency or conventional currency using their own smart devices.
Ultroneum platform
will enable any supported currencies, crypto or conventional, for
easy transactions across international borders.
7
...

The conventional currency, in the ‘gold standard’ era, used to be pegged to physical gold.
Gold was the underlying asset tied to its value. In 1971, the conventional currency
disconnected from gold, resulting in gold and conventional currencies having
independent values. One of the biggest drawbacks of such disconnection was that the
conventional currency no longer maintained its feature as a good store of value, and
consequently became prone to inflationary phenomenon. Alan Greenspan rightly said:
In the absence of the gold standard, there is no way to protect savings from confiscation
through inflation. There is no safe store of value.
— Alan Greenspan, Chairman of US Federal Reserve, 1987–2006
Currently, the entire financial system operates on the fractional reserve system, whereas
the conventional currency is created out of thin air. It derives its value from supply and
demand integrated within the interest
-
based debt system. As a result, conventional
currency is simply ...

Ultroneum platform
will be developed to be an independent platform for decentralized
multi
-
currency, both crypto and conventional, based on blockchain and cutting edge
technology. The
Ultroneum tokens
will be supporting cryptocurrency payments,
exchange and reward activities.
Ultroneum platform
is designed to:

Allow users to use choose cryptocurrencies as a means of transactions and
medium of exchange with other users or merchants.

Assist and simplify
merchants’ acceptance of any traded cryptocurrency with
minimal transaction fees.

Ensure n
ear zero risk of volatility in cryptocurrency for the sake of merchants’
peace of mind.

Use the
Ultroneum tokens
as a common denominator in the system’s internal
wallet.

Support autonomous conversion of crypto and fiat currency at minimal fee.
5
5.1 Ultroneum
Access Channels
Accessibi...

Ultroneum Roadmap

1
Q3-Q4 2017
Emergence and design of the idea.
Start writing White Paper.
2
Q1 2018
Build our team.
Company establishment.
Legal issue setting.
Concept development.
3
Q2 2018
UltroWallet - Individual wallet development start.
Negotiations on partnerships.
Website launch.
White Paper publish.
Crowdsale start.
4
Q3 2018
Marketing campaign.
Listing to the major exchange.
UltroPay - Start development.
UltroWallet - Topup and Bill Payment development start.
5
Q4 2018
UltroWallet - Version 1 release.
UltroLedger - Early version development.
UltroWallet - Testnet launch.
6
Q1 2019
UltroPay - Beta version release.
New partnership and new marketplace support.
UltroExchange - Start development.
UltroWallet - Mainnet launch.
UltroWallet - Corporate Wallet development.
7
Q2 2019
UltroLedger - Prototype release.
UltroExchange - Masternodes implementation.
UltroCard - Ultroneum prepaid card introduced.
UltroWallet - Family/group/fund pooling facility development.
Internal marketplace buildup.
8
Q3 2019
UltroPay - POS delivery and installation.
UltroCash - CCM delivery and installation.
Vending Machines delivery and installation.
9
Q4 2019
UltroPay - Peer payment delivery and installation.
10
Q1 2020
To be announced.
Adnan Khashoggi
Adnan Khashoggi Co-Founder

Malek Othman
Malek Othman Co-Founder

Silmi Rahman
Silmi Rahman Executive Chairman

Zamzuri Abdul Majid
Zamzuri Abdul Majid Chief Executive Officer

Raimee Tamin
Raimee Tamin Chief Financial Officer

Abdul Aziz Rahman
Abdul Aziz Rahman Chief Marketing Officer

Zainal Abidin Mohd Jais
Zainal Abidin Mohd Jais Chief Technology Officer

Mohamad Nordin Shuib
Mohamad Nordin Shuib Chief Enterprise Architect

Ishak Pendek
Ishak Pendek Chief Corporate Services Officer

Mohd Yusoff Din
Mohd Yusoff Din Mohd Yusoff Din

Hamza Mohamed Abdi Wahab
Hamza Mohamed Abdi Wahab Public Sector Liaison Lead

Simon Cocking
Advisors Simon Cocking Advisor

Nazri Abdullah
Advisors Nazri Abdullah Technical Development Advisor

Farrukh Habib
Advisors Farrukh Habib Shariah and Islamic Finance Advisor

David Meszaros
Advisors David Meszaros Legal Advisor

Koh How Tze
Advisors Koh How Tze Futurist & Digital Media Strategist Advisor

Simon Cocking
Simon Cocking
Advisor
Senior Advisor Twitter
Chief Marketing Advisor
Editor in Chief at Cryptocoin.News, Advisor. Experience: Mentor & Advisor in 20+ Successful ICOs.
Advisor
Advisor and Board Member
EDITOR-IN-CHIEF, CRYPTOCOIN.NEWS
Advisor
Writer, editor, ITO advisor, business mentor
Blockchain Influencer, Irish Tech News
Media & Global Partnerships Advisor
Editor at CryptoCoinNews, Irish Tech News, Top 1 member of the ICO Bench Experts. Business mentor.
Advisor
Senior Editor at Irish Tech News, Editor in Chief at CryptoCoinNews
Advisor
Business mentor and advisor
Editor in Chief at CryptoCoinNews
Adviser to the Board of Quasa
Marketing Advisor
Digital Marketing Advisor
Digital Marketing
BLOCKCHAIN ADVISOR
Advisor
Marketing Advisor
Advisor
Strategic Advisor
Cryptocurrency Advisor
Senior Editor at Irish Tech News, Editor in Chief at CryptoCoinNews
EDITOR IN CHIEF, ADVISOR, STRATEGIST
Chief Strategy & Public Relations
Chief ICO Advisor
International Blockchain Community Advisor
PR advisor
Board Advisor
Advisor
World’s #1 Blockchain influencer
Advisor
Editor in Chief Irish Tech News | CryptocoinNews 1 ranked advisor on ICObench for three months
#2 Crypto Expert on ICObench
Marketing Advisor
Digital Marketing Advisor
Media relations
Cryptocurrency & Blockchain Advisor
Advisor
Crypto media: Irish Tech News Ireland
PR Advisor
Chief Editor at Irish Tech News, CryptoCoinNews and InvestInIT
Senior Advisor
David Meszaros
David Meszaros
Legal Advisor
Legal Advisor
Legal Advisor - ICO, Blockchain, Crypto
Amsterdam Area, Netherlands
Legal Advisor
Chief Legal Officer
Legal Advisor
Compliance and Legal Advisor
Legal Advisor