Toronto, July 18, 2020 – UTU, the world’s first blockchain-based value community (DAC) platform, has signed an angel round investment ‘Letter of Intent’ with Ultimus Capital, and will receive funding in the millions of dollars. This round of funding will be used for continued beta testing and the optimization of the UTU App, core team operations, as well as social media campaigns and brand promotion enhancements.   

The first beta testing launch is aimed for September 20^th, 2020 with an ongoing strategy to attract and register influential personalities onto the UTU Social App with their own (DAC). For those new to the technical term, D.A.C. stands for (Decentralized Autonomous Community) and UTU is at the forefront of this tech and social revolution that is on track to launch officially in 2021. The company has already integrated blockchain technology into its platform in anticipation for “True Users”, and in doing so will eliminate fake and BOT accounts from using its App. 

The company has made a total commitment to privacy, security and transparency by making a significant investment in blockchain technology to develop a platform that is scalable, reliable and most of all, secure. This is the UTU commitment that our “User to User” community (UTU) will expect from us. We would like to remind everyone the value of privacy and real connections. Together the company will create amazing user experiences designed to redefine social values for the benefit of everyone. 

The company looks forward to welcoming you to “UTU” and in doing so have launched the following beta test sign-up link so users can begin pre-registering: https://utu.one/get-started

About UTU – The company was originated in both Australia and Canada with a group of experts in Blockchain, Artificial Intelligence, IoT, with business executives from IBM, Alibaba, Apple, and Deakin University’s Blockchain Innovation Lab. The company developed the world’s first DAC app for iOS and Android on EOSIO, in addition to many other blockchain business solutions and decentralized applications.   

Information on the company can be found at: https://utu.one/