UTRUST - page 26. | Bitcointalksearch.org

Xinarae*

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Quote from: Darkoth89 on January 30, 2019, 07:42:26 AM

Quote from: sockpuppet1911 on January 29, 2019, 05:45:38 PM

Quote from: gembira on January 29, 2019, 04:24:29 PM

Quote from: Darkoth89 on January 28, 2019, 03:58:04 PM

Quote from: DGulari on January 28, 2019, 09:37:15 AM

Quote from: gembira on January 28, 2019, 09:03:27 AM

As far as I remember this is up to 25 mln per year (but not more). True, 25 mln from fees is too much... Does anyone know how much fees they will charged per transactions?
If they will have millions of users, than price will be 100xor more from today price... But hard to believe than they will have millions users in first yers at last... Right now they have only 18004 token holders... But of course tokens only speculative now and any using...

Where did you read if they will burn up to 25 millions token every year? When their total supply only 500 millions tokens, it's mean their token will be burned all in next 20 year? lol.

AFAIK, they never burn any token (except when their ICO ended, they've burned 500 million tokens)

It's in their whitepaper (page 18):

"Each time a buyer pays with any cryptocurrency via the UTRUST payment platform, a small percentage of the transactional fee is removed from the market and burned in the form of a UTK. [...] The amount of UTK was projected to be reduced from the initial 1 billion to a minimum cap of 100 million, at a rate no faster than 50 million a year"

And because they burned half of their tokens after the ICO, I guess they will only burn up to 25 million tokens every year now (to a minimum of 50 million?).

Yes, this seems so. They burned half of tokens (from 1 billion to 500 mln), because they didn't sell all tokens on ICO and they burned half of their own tokens as well. So max amount will be only 25 mln per year. But this is a lot too for first year I think.
I just don't know how they will be working on Ethereum blockchain, if there will be really millions active users? They should to create own hugh scalability blockchain....

This is insane amount per year. I am looking forward on what this does to the price.

But they will only burn that many tokens when there a lot of payments via the UTrust platform. And I mean A LOT. So I guess the real amount of tokens that they burn will be much lower in the beginning.

So according to your post if there is less payment made by utrust platform then the burn amount of utrust token will be less accordingly. It could be better if any team member could confirm it.

Darkoth89

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Quote from: sockpuppet1911 on January 29, 2019, 05:45:38 PM

Quote from: gembira on January 29, 2019, 04:24:29 PM

Quote from: Darkoth89 on January 28, 2019, 03:58:04 PM

Quote from: DGulari on January 28, 2019, 09:37:15 AM

Quote from: gembira on January 28, 2019, 09:03:27 AM

As far as I remember this is up to 25 mln per year (but not more). True, 25 mln from fees is too much... Does anyone know how much fees they will charged per transactions?
If they will have millions of users, than price will be 100xor more from today price... But hard to believe than they will have millions users in first yers at last... Right now they have only 18004 token holders... But of course tokens only speculative now and any using...

Where did you read if they will burn up to 25 millions token every year? When their total supply only 500 millions tokens, it's mean their token will be burned all in next 20 year? lol.

AFAIK, they never burn any token (except when their ICO ended, they've burned 500 million tokens)

It's in their whitepaper (page 18):

"Each time a buyer pays with any cryptocurrency via the UTRUST payment platform, a small percentage of the transactional fee is removed from the market and burned in the form of a UTK. [...] The amount of UTK was projected to be reduced from the initial 1 billion to a minimum cap of 100 million, at a rate no faster than 50 million a year"

And because they burned half of their tokens after the ICO, I guess they will only burn up to 25 million tokens every year now (to a minimum of 50 million?).

Yes, this seems so. They burned half of tokens (from 1 billion to 500 mln), because they didn't sell all tokens on ICO and they burned half of their own tokens as well. So max amount will be only 25 mln per year. But this is a lot too for first year I think.
I just don't know how they will be working on Ethereum blockchain, if there will be really millions active users? They should to create own hugh scalability blockchain....

This is insane amount per year. I am looking forward on what this does to the price.

But they will only burn that many tokens when there a lot of payments via the UTrust platform. And I mean A LOT. So I guess the real amount of tokens that they burn will be much lower in the beginning.

Xinarae*

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Activity: 1414

Merit: 326

Quote from: gembira on January 29, 2019, 04:24:29 PM

Quote from: Darkoth89 on January 28, 2019, 03:58:04 PM

Quote from: DGulari on January 28, 2019, 09:37:15 AM

Quote from: gembira on January 28, 2019, 09:03:27 AM

As far as I remember this is up to 25 mln per year (but not more). True, 25 mln from fees is too much... Does anyone know how much fees they will charged per transactions?
If they will have millions of users, than price will be 100xor more from today price... But hard to believe than they will have millions users in first yers at last... Right now they have only 18004 token holders... But of course tokens only speculative now and any using...

Where did you read if they will burn up to 25 millions token every year? When their total supply only 500 millions tokens, it's mean their token will be burned all in next 20 year? lol.

AFAIK, they never burn any token (except when their ICO ended, they've burned 500 million tokens)

It's in their whitepaper (page 18):

"Each time a buyer pays with any cryptocurrency via the UTRUST payment platform, a small percentage of the transactional fee is removed from the market and burned in the form of a UTK. [...] The amount of UTK was projected to be reduced from the initial 1 billion to a minimum cap of 100 million, at a rate no faster than 50 million a year"

And because they burned half of their tokens after the ICO, I guess they will only burn up to 25 million tokens every year now (to a minimum of 50 million?).

Yes, this seems so. They burned half of tokens (from 1 billion to 500 mln), because they didn't sell all tokens on ICO and they burned half of their own tokens as well. So max amount will be only 25 mln per year. But this is a lot too for first year I think.
I just don't know how they will be working on Ethereum blockchain, if there will be really millions active users? They should to create own hugh scalability blockchain....

25 million token is obviously high which they will burn each year but as they could not sell adequate token on ICO phase token burning will be helpful for the project.

sockpuppet1911

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Quote from: gembira on January 29, 2019, 04:24:29 PM

Quote from: Darkoth89 on January 28, 2019, 03:58:04 PM

Quote from: DGulari on January 28, 2019, 09:37:15 AM

Quote from: gembira on January 28, 2019, 09:03:27 AM

As far as I remember this is up to 25 mln per year (but not more). True, 25 mln from fees is too much... Does anyone know how much fees they will charged per transactions?
If they will have millions of users, than price will be 100xor more from today price... But hard to believe than they will have millions users in first yers at last... Right now they have only 18004 token holders... But of course tokens only speculative now and any using...

Where did you read if they will burn up to 25 millions token every year? When their total supply only 500 millions tokens, it's mean their token will be burned all in next 20 year? lol.

AFAIK, they never burn any token (except when their ICO ended, they've burned 500 million tokens)

It's in their whitepaper (page 18):

"Each time a buyer pays with any cryptocurrency via the UTRUST payment platform, a small percentage of the transactional fee is removed from the market and burned in the form of a UTK. [...] The amount of UTK was projected to be reduced from the initial 1 billion to a minimum cap of 100 million, at a rate no faster than 50 million a year"

And because they burned half of their tokens after the ICO, I guess they will only burn up to 25 million tokens every year now (to a minimum of 50 million?).

Yes, this seems so. They burned half of tokens (from 1 billion to 500 mln), because they didn't sell all tokens on ICO and they burned half of their own tokens as well. So max amount will be only 25 mln per year. But this is a lot too for first year I think.
I just don't know how they will be working on Ethereum blockchain, if there will be really millions active users? They should to create own hugh scalability blockchain....

This is insane amount per year. I am looking forward on what this does to the price. My first instinct is almost fomoing this.

gembira

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Quote from: Darkoth89 on January 28, 2019, 03:58:04 PM

Quote from: DGulari on January 28, 2019, 09:37:15 AM

Quote from: gembira on January 28, 2019, 09:03:27 AM

As far as I remember this is up to 25 mln per year (but not more). True, 25 mln from fees is too much... Does anyone know how much fees they will charged per transactions?
If they will have millions of users, than price will be 100xor more from today price... But hard to believe than they will have millions users in first yers at last... Right now they have only 18004 token holders... But of course tokens only speculative now and any using...

Where did you read if they will burn up to 25 millions token every year? When their total supply only 500 millions tokens, it's mean their token will be burned all in next 20 year? lol.

AFAIK, they never burn any token (except when their ICO ended, they've burned 500 million tokens)

It's in their whitepaper (page 18):

"Each time a buyer pays with any cryptocurrency via the UTRUST payment platform, a small percentage of the transactional fee is removed from the market and burned in the form of a UTK. [...] The amount of UTK was projected to be reduced from the initial 1 billion to a minimum cap of 100 million, at a rate no faster than 50 million a year"

And because they burned half of their tokens after the ICO, I guess they will only burn up to 25 million tokens every year now (to a minimum of 50 million?).

Yes, this seems so. They burned half of tokens (from 1 billion to 500 mln), because they didn't sell all tokens on ICO and they burned half of their own tokens as well. So max amount will be only 25 mln per year. But this is a lot too for first year I think.
I just don't know how they will be working on Ethereum blockchain, if there will be really millions active users? They should to create own hugh scalability blockchain....

Xinarae*

sr. member

Activity: 1414

Merit: 326

Quote from: DGulari on January 28, 2019, 09:37:15 AM

AFAIK, they never burn any token (except when their ICO ended, they've burned 500 million tokens)

But base on their whitepaper they will burn coin on each year which has been mentioned on their whitepaper. Please have a look at their whitepaper and if so you will have no question regarding this.

Darkoth89

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Activity: 1274

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Quote from: DGulari on January 28, 2019, 09:37:15 AM

Quote from: gembira on January 28, 2019, 09:03:27 AM

As far as I remember this is up to 25 mln per year (but not more). True, 25 mln from fees is too much... Does anyone know how much fees they will charged per transactions?
If they will have millions of users, than price will be 100xor more from today price... But hard to believe than they will have millions users in first yers at last... Right now they have only 18004 token holders... But of course tokens only speculative now and any using...

Where did you read if they will burn up to 25 millions token every year? When their total supply only 500 millions tokens, it's mean their token will be burned all in next 20 year? lol.

AFAIK, they never burn any token (except when their ICO ended, they've burned 500 million tokens)

It's in their whitepaper (page 18):

"Each time a buyer pays with any cryptocurrency via the UTRUST payment platform, a small percentage of the transactional fee is removed from the market and burned in the form of a UTK. [...] The amount of UTK was projected to be reduced from the initial 1 billion to a minimum cap of 100 million, at a rate no faster than 50 million a year"

And because they burned half of their tokens after the ICO, I guess they will only burn up to 25 million tokens every year now (to a minimum of 50 million?).

DGulari

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Quote from: gembira on January 28, 2019, 09:03:27 AM

As far as I remember this is up to 25 mln per year (but not more). True, 25 mln from fees is too much... Does anyone know how much fees they will charged per transactions?
If they will have millions of users, than price will be 100xor more from today price... But hard to believe than they will have millions users in first yers at last... Right now they have only 18004 token holders... But of course tokens only speculative now and any using...

Where did you read if they will burn up to 25 millions token every year? When their total supply only 500 millions tokens, it's mean their token will be burned all in next 20 year? lol.

AFAIK, they never burn any token (except when their ICO ended, they've burned 500 million tokens)

gembira

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Activity: 1610

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Quote from: kraterion on January 27, 2019, 08:00:06 AM

Quote from: gembira on January 27, 2019, 06:00:42 AM

Still no exact date of platform launch?
What they will do with profit from platform? Are they going to burn some % of tokens or share between token holders? As far as I remember they were going to burn around (or up to) 25 mln tokens every year. As I understand this burning will be from platform fees profit?

If I recall corectly they will burn fees, don't remember if this has a cap of 25 million tokens per year or not, which is a lot by the way, it needs million of people to use it

As far as I remember this is up to 25 mln per year (but not more). True, 25 mln from fees is too much... Does anyone know how much fees they will charged per transactions?
If they will have millions of users, than price will be 100xor more from today price... But hard to believe than they will have millions users in first yers at last... Right now they have only 18004 token holders... But of course tokens only speculative now and any using...

Xinarae*

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Activity: 1414

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Quote from: Darkoth89 on January 27, 2019, 10:56:22 AM

Quote from: kraterion on January 27, 2019, 08:00:06 AM

Quote from: gembira on January 27, 2019, 06:00:42 AM

Still no exact date of platform launch?
What they will do with profit from platform? Are they going to burn some % of tokens or share between token holders? As far as I remember they were going to burn around (or up to) 25 mln tokens every year. As I understand this burning will be from platform fees profit?

If I recall corectly they will burn fees, don't remember if this has a cap of 25 million tokens per year or not, which is a lot by the way, it needs million of people to use it

So how exactly will these token burning work then? I guess it would mean they'd only start to burn tokens once the platform is live and operating?

It is the question of time. The team can burn token any time based on the road map. It can be on several phases or at the final stage. Totally depends on the roadmap and the team.

Darkoth89

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Activity: 1274

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Quote from: kraterion on January 27, 2019, 08:00:06 AM

Quote from: gembira on January 27, 2019, 06:00:42 AM

Still no exact date of platform launch?
What they will do with profit from platform? Are they going to burn some % of tokens or share between token holders? As far as I remember they were going to burn around (or up to) 25 mln tokens every year. As I understand this burning will be from platform fees profit?

If I recall corectly they will burn fees, don't remember if this has a cap of 25 million tokens per year or not, which is a lot by the way, it needs million of people to use it

So how exactly will these token burning work then? I guess it would mean they'd only start to burn tokens once the platform is live and operating?

kraterion

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Quote from: gembira on January 27, 2019, 06:00:42 AM

Still no exact date of platform launch?
What they will do with profit from platform? Are they going to burn some % of tokens or share between token holders? As far as I remember they were going to burn around (or up to) 25 mln tokens every year. As I understand this burning will be from platform fees profit?

If I recall corectly they will burn fees, don't remember if this has a cap of 25 million tokens per year or not, which is a lot by the way, it needs million of people to use it

gielbier

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Quote from: hosseinimr93 on January 26, 2019, 12:45:39 PM

Quote from: Xinarae* on January 25, 2019, 06:13:39 PM

Quote from: Partizant on January 24, 2019, 11:17:02 AM

UTRUST partners with Mangrovia to provide payment solutions across blockchain businesses

https://medium.com/utrust/utrust-partners-with-mangrovia-to-provide-payment-solutions-across-blockchain-businesses-fe233714c170

https://mangrovia.solutions/

So it is your partnership number 2 in this year, right? What do you think about the productivity through this partnership? Howbenefitted the holders might be?

It's their second partnership in 2019. The first one was Quid. I expect holders to be benefited in the long term when the product is released. Given the market condition, these kind of news cannot affect the price in the short time.

yeah because we still in bear market, but its good news for utrust holders
Utrust get lots of partnerships and if bull market has begin utrust get of a new ATH Grin

gembira

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Activity: 1610

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Still no exact date of platform launch?
What they will do with profit from platform? Are they going to burn some % of tokens or share between token holders? As far as I remember they were going to burn around (or up to) 25 mln tokens every year. As I understand this burning will be from platform fees profit?

Darkoth89

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Activity: 1274

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Quote from: hosseinimr93 on January 26, 2019, 12:45:39 PM

Quote from: Xinarae* on January 25, 2019, 06:13:39 PM

Quote from: Partizant on January 24, 2019, 11:17:02 AM

UTRUST partners with Mangrovia to provide payment solutions across blockchain businesses

https://medium.com/utrust/utrust-partners-with-mangrovia-to-provide-payment-solutions-across-blockchain-businesses-fe233714c170

https://mangrovia.solutions/

So it is your partnership number 2 in this year, right? What do you think about the productivity through this partnership? Howbenefitted the holders might be?

It's their second partnership in 2019. The first one was Quid. I expect holders to be benefited in the long term when the product is released. Given the market condition, these kind of news cannot affect the price in the short time.

To be honest, I havent heard of neither Quid nor Mangrovia. I am not saying that I think these aren't good partnerships but can anyone tell me something about them and how they can help Utrust?

hosseinimr93

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Quote from: Xinarae* on January 25, 2019, 06:13:39 PM

Quote from: Partizant on January 24, 2019, 11:17:02 AM

UTRUST partners with Mangrovia to provide payment solutions across blockchain businesses

https://medium.com/utrust/utrust-partners-with-mangrovia-to-provide-payment-solutions-across-blockchain-businesses-fe233714c170

https://mangrovia.solutions/

So it is your partnership number 2 in this year, right? What do you think about the productivity through this partnership? Howbenefitted the holders might be?

It's their second partnership in 2019. The first one was Quid. I expect holders to be benefited in the long term when the product is released. Given the market condition, these kind of news cannot affect the price in the short time.

Xinarae*

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Activity: 1414

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Quote from: Partizant on January 24, 2019, 11:17:02 AM

UTRUST partners with Mangrovia to provide payment solutions across blockchain businesses

https://medium.com/utrust/utrust-partners-with-mangrovia-to-provide-payment-solutions-across-blockchain-businesses-fe233714c170

https://mangrovia.solutions/

So it is your partnership number 2 in this year, right? What do you think about the productivity through this partnership? Howbenefitted the holders might be?

hosseinimr93

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Activity: 2380

Merit: 5213

Quote from: Partizant on January 24, 2019, 11:17:02 AM

UTRUST partners with Mangrovia to provide payment solutions across blockchain businesses

https://medium.com/utrust/utrust-partners-with-mangrovia-to-provide-payment-solutions-across-blockchain-businesses-fe233714c170

https://mangrovia.solutions/

This is the second partnership that has been announced in 2019. Quid and now Mangrovia. It's great.
As, there are many projects that need payment solutions, I expect Utrust to become partner with many other projects in future.

Partizant

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UTRUST partners with Mangrovia to provide payment solutions across blockchain businesses

https://medium.com/utrust/utrust-partners-with-mangrovia-to-provide-payment-solutions-across-blockchain-businesses-fe233714c170

https://mangrovia.solutions/

Xinarae*

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Quote from: foolishorient on January 20, 2019, 11:39:42 PM

theres still alot of work to do as what i see on their public trello

Yes, and once they would be able to fulfil all of those then the project will be completed and it will give us a good profit otherwise it won't be able to give us a good profit.

Topic: UTRUST - page 26. (Read 314190 times)