Topic: [ANN] [TRST] WeTrust - For the People, By the People! - page 206. (Read 275520 times)

so far so good ICO for launch 1hours 628 BTC collected ,congrats Wetrust.io nice job for team 

Until now wetrust can collect fund 217,1377 Bitcoin and 44,237.9866 Ethereum if Ethereum token convert to Bitcoin with current price 0.014BTC/ETH=619,3318124 BTC, total 836,4695124, just 163,5304876 left to reach the minimum treshold  1000BTC

@nickhiggins123: Thanks for the support man. You didn't see us during the sleepless nights leading up to it.

Congrats WeTrust. You can look at my history and you will see I have been involved in ICO's dating back to AMP & FCT ( still hodling ;P ) This is by far the smoothest launch I have seen to date. Can't wait to see what the future holds in store.


**Edit** Felt I needed to add that them delaying the crowdsale due to AWS outage was awesome.

Congratulations !
Over 1.000.000 usd collected in 90 minutes

@beami: It's over 818 BTC now!

Great ICO started
Just few hour can be 500+ btc investation

@animalroam: First and foremost, Trusted Lending Circles are between CLOSE friends and family that know each other well. However, to thwart bad actors, WeTrust will have four deterrents:

1. Reputation risk/ Reviews: ROSCA groups will be limited to "trusted associates" - family, friends, co-workers, fraternal groups, and professional/ religious organizations. Defaulting on payments could mean social shame and loss of reputation amongst an individual's closest associates. The idea is that for ROSCAs with small enough dollar amount commitments, reputation risk will be sufficient enough to keep participants honest. Reviews may also be left by other members to show how they felt about any participant.

2. Legal risk: ROSCA formation will allow trusted associates to e-sign and bind each other to a legal contract which requires faithful adherence and payment to the ROSCA. Defaulting on payments and stealing could mean legal repercussions. Legal recourse will only be used if individuals are participating in a "high-stakes" ROSCA and legal action would be worthwhile. I've spoken to our legal advisor and she believes it will be possible to create auto-populating templates that will be tailored to each person's ROSCA terms.

3. Collateral risk: Collateral commitments may be required prior to joining a ROSCA. The collateral will be entered into a smart contract which will surrender the property to the ROSCA group if the ROSCA agreement is breached. Collateral can be liquid-cash like assets like Bitcoin or even less liquid assets such as auto/ home titles. Our system will benefit significantly from the ability to accept less liquid assets, since the majority of middle classes’ net worth is locked in real estate. Collateral would allow capital to be used more efficiently.

4. Smart contract bounty (self-enforcement): If a ROSCA participant violates the terms of the ROSCA, the ROSCA group may start a “Bounty” on the retrieval of funds. If the funds are retrieved, the “Bounty” is paid out to the person who enforces the terms of the ROSCA.

These deterrent options will be on an "opt-in" basis and participants will be able to choose the level of security they want.

@Cart: The price per coin will depend on what we collect in total.

Alright, thank you very much!

Yes, but currently we have 690 BTC raised divided with 80MIO which means 862 sat / 1 TRST

Ah okay, so at the end it will be decided by total amount raised?

There is no price, we'll see it at the end of ICO ( Anyway I'll do some math for you)

What is the price for one token?

The website says each person wins X amount of rounds. How do you guarantee that the winner of the first round with contribute again to the second round and won't just take their gain?

Congratulations to the WeTrust Team !
Best Ico ever !

Nice and working fine

23.611 ETH, 143 Btc...

Just a friendly reminder, the WeTrust Crowdsale is starting in less than 30 minutes! Visit wetrust.io to sign up. QR Codes with deposit addresses will pop up at 12:00 AM UTC (March 2nd, 2017)! Instructions how to contribute:

https://medium.com/wetrust-blog/how-to-contribute-to-the-crowdsale-c9de5b91fc43#.ifjeycv68

In less than 90 minutes WeTrust ICO starts don't miss it !




Go WeTrust !

@Jcga: Thanks for your support. We can't wait either!

In a little over 4 hours WeTrust ICO starts don't miss it !




Vive WeTrust !