With a team spanning corporate management, B2C startups, payments, blockchain development, law, finance, and more, Payments startup UTRUST is pleased to announce its pre-ICO sold out in 90 minutes on Monday, 28th August.

Demand for UTRUST tokens was so high the infrastructure experienced major slowdowns and support channels were overwhelmed, with the majority of the $1.5 Million cap reached in the first 30 minutes. UTRUST have since scaled up infrastructure and support staff to meet demand in the upcoming public ICO round 1 on September 20th 2017.

With over 1100 backers able to purchase tokens, over 3000 additional people registered and attempted to buy tokens but were too late to participate. UTRUST is pleased to have received market approval to execute their plan to take cryptocurrencies mainstream, and continue building out the payments platform of the future.

The $1.5 Million in initial pre-ICO funding has allowed the team to secure a schedule for technical development, strategic partnerships, and further marketing initiatives.

Round 1 of the public ICO commences on September 20, 2017, at 2 p.m. GMT, with a higher cap of $4 Million. The 7 upcoming ICO rounds will bring UTRUST to $50 Million of funding, and provide the launchpad required to revolutionize the payments space.