This is how I explain what is a network effect, imagine that you have a telephone that has a price of $1 but you are the only person in the world with a telephone. Then that only telephone has a very limited value, regardless of the price. Now imagine that there are two, three, and then thousands of telephones, all priced at $1. The price of the phones hasn’t changed, but the value has increased exponentially, that’s a Network Effect. The classical company that leveraged very successfully network effects is WhatsApp.
Now, does UTEMIS have Network Effects? Come to think of it, very strong ones. Once a company is in UTEMIS it wants to make sure that they can have access to all possible customers and to all possible suppliers, in the entire Latin American region. They want to make sure that they will not be stiffed and they want to know that the other companies are subjected to the same rules that they are. The classical items in network effects.
For a company, using UTEMIS, even if you pay the same as others, like in the example of the phone, the fact that a company is there increases the value for other companies to be there, which increases the value perceived by companies that are not yet in the platform, same as with the example of the phones.
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.