Topic: UTRUST - page 270. (Read 314264 times)

thats what i say all the time thank you - nobody really listens

I don't think there is problem to extend the date of this ICO there is good chance to attract more investors for this project. The more funds mean dev will get more resources to make the development process more faster and launch this platform much early than expected.

Definitely it is not a good idea to extend the ICO period. It does not mean it will be bad for Utrust, in fact I believe it will be a positive measure.

But as some others pointed out, a week is just too few time for an ICO. 2 weeks seem the rule to follow. If they have stated a 2 week ICO right from the beginning it would have been better.

let's hope so. this project has me very interested. spending crypto directly is a very important step to adoption.

Thank you, thats very good news, you also planed with Cryptopia?

regards

hah) utrust one of those 90% tokens wich will depreciate in future. those 90% Buterin talking about.

This is no indicator that all of this was planed in before. It only states that all unsold tokens after the ICO  will get burned, which is a widely used process.
The current state is, that they burned tokens before the ICO finished to reduce the whole possible token amount. This is in my eyes a really good step because it gives the chance to raise the price. Also that they reduced their own tokens is a good sign, because they also could have gone with 100,000,000 tokens and finished the ICO then with the current state around 430,000,000 tokens. This means, 570,000,000 token would get burned and 100,000,000 would be tokens owned by the devs. All in all, the current state is much better then before.

i didn't understand with that, can some one explain it?

there will always be people that disagree whit some movement of a project, so its nothing new, i trust in utrust, and this project wil succseed

Extended ICO's duration when the softcap already reached isn't a good choice to take. I am not followed this project very much but this recent case caught my attention.

What drama? The issue is that they keep changing the rules that they have set for themselves and for their investors. This extension was never satisfactorily explained, while according to their own words, the ICO had been a blast and delivered sufficient funds for a successful operation. The way how they keep changing things around with apparent ease is a sign of neglectance, in the best case, and a sign of disregard for their investors in the worst.

Usually, I am not a fan when an ICO gets extended beside the soft cap is already reached. But UTrust also cut the maximum amount of tokens in half and not just only extended the ICO. I think it was a good choice.

I am agreeing with you, all the fuss about it is getting extended is nonsense. It is not the first nor the last one.

Besides one week ico was too short for ico process.

Good point... I also don't understand what's with all the drama. It's not the first time an ICO got extended.

I understand that extending will affect mostly to bounty hunters feelings, and you shouldn't irritate people who got lots of free time and are getting paid to write in bitcointalk. But then again, this is not the first time they have to deal with extented icos.

Isn't it ironic when they say that utrust is not about the ICO, yet literally every single e-mail and press release speaks exclusively of the ICO? Meanwhile, how much did they talk (and show) about their product and development besides spreading thin air?

So they decided to extend the ICO - even though they stated previously with a lot of furor that by having reached the softcap they gained "technical and operational viability" with a "solid foundation to work from".

It seems like they have thought about this earlier, this is from the whitepaper that i downloaded long time ago.

It's impossible because 420 million tokens have been sold to investors. They decided to burn 500 million tokens which the result their total supply only 500 million tokens

50 million supply is much better. Thanks UTRUST i like 

And you lost all your trust in one day. Extented ICO show, that you very greedy and don't value investors!

You must be new here. We cannot change the smart contract once it is deployed. The contract will create 1 billion tokens and burn (with proof) one half of it.


If you followed the market and our ICO, it was clear that if we ended our ICO today, we would never have distributed and 1 billion tokens and therefore bounty was never going to be 50 million. So absolutely nothing changes for bounty hunters and we will be true to our words. The bounty thread clearly states: "5% of all distributed tokens".


Thank you  for your support!


It doesn't affect bounties at all, we would never have allocated 1 billion tokens and bounty is not fixed, but a 5% of all tokens. Nothing at all changes.


Thanks! We really tried hard and thought a lot about what we can do to prove that we are extending for the right reasons. Cutting OUR tokens in half, burning 500 million tokens and vesting private investors (even though some people here say they don't care about them) is great news for all investors.

In the end, and this is a big deal for us, UTRUST is absolutely not about the ICO. We appreciate and love our community, the trust you have given us and the funds you provide to build the online payments revolution. But UTRUST is about the platform, not about the ICO. We are super excited to finally start focussing on the platform, and the changes we implemented last night go a long way in helping us do just that.

I hope that, over time, people will understand that what we did had nothing to do with greed (since we halved our own tokens as well), but instead was what we thought was best for the platform.