We explained in another entry that UTEMIS does have Network Effects, but does it have Bandwagon Effects?
First of all, what is a Bandwagon effect; we saw with network effects that there are platforms that increase in value with the number of users. Bandwagon effects happen when the value that a platform provides goes beyond the economic value to influence beliefs, ideas, fads or trends. For example, take the Android operating system, before the extensive use of mobile apps, people didn’t want Android because other people were using it, but instead, because it was an open architecture in a world where the other operating system, iOS, had a closed architecture.
A bandwagon effect, makes people want to “jump on board” so to speak. UTEMIS gives people in Latin America access to markets that they wouldn’t have reached, with levels of trust between companies that would otherwise be really hard to achieve. It keeps companies protected 100% of the time, both their money and reputation; and on top of that uses the UTEMIS Token that increases the Purchasing Power Parity of businesses just for being on the platform. Being part of a new global trend, honest and fair commerce, and increasing your company’s wealth are powerful concepts that generate strong bandwagon effects.
UTEMIS’s pre-ICO will be between January 8, 2018 until March 8, 2018, more detailed information on this project can be found at UTEMIS- UTS, along with access to their introductory video, and Whitepaper.