ICO extended till 20-Nov
Dear Community,
Let us begin by saying that we truly appreciate our Member’s and Investor’s loyalty, support and engagement – without you, none of this would be possible. Thank you for being awesome! 🙏
When we first idealised UTRUST, our vision was to create a borderless payment platform that would allow people from all over the World to perform day-to-day crypto-transactions in a simple and effortless manner.
Today, we are proud to announce that we have taken several important steps that will ensure the UTRUST vision does indeed become a reality for all of us. After analyzing our ICO, it is quite clear that our timing has not been ideal, particularly given the current market conditions.
That being said, we have gone back to the drawing board, sat down with our Team and Advisors and decided to implement some major improvements.
So, without further ado...
Team Tokens — REDUCED ✅
We are changing the amount of tokens that UTRUST will hold from 100 million to only 50 million. The newly released tokens will be added back into the total supply for everybody to purchase during our ICO.
Smart Contract — AUDITED ✅
Today we are releasing an independent review of our smart contract by Positive.com. We are proud to say that they gave it their approval and that it will be deployed shortly. You will be able to use the contract shortly after the ICO ends and when your KYC is complete.
Private Investors — VESTED ✅
We talked to our private investors to negotiate a minimum vesting period of 12 months. This is great news as it means that another 100 million tokens cannot be withdrawn or sold for a full year.
500 Million Tokens — BURNED ✅
We made the decision to burn 50% of all tokens today, prior to the end of our ICO, permanently reducing the total maximum supply by half. We now have a very limited number of tokens available for sale.
Public ICO — EXTENDED ✅
Since all these structural changes will result in an improved value proposition, we would like to give everyone a fair chance to participate in our ICO. As a result, we have extended our ICO to end on 20 November 2017 at 2 PM UTC.
This decision was not taken lightly and also reflects the feedback we have received from many of you advocating for more favourable market conditions in order to participate in our ICO. With the latest news regarding the cancellation of the SegWit2x fork, we believe this is a unique opportunity to be part of this online payments revolution — join the future with UTRUST!
All the best,
Your UTRUST Team
Topic: UTRUST - page 274. (Read 314321 times)
Just received email from utrust:
"(....)As a result, we have extended our ICO to end on 20 November 2017 at 2 PM UTC."
"(....)As a result, we have extended our ICO to end on 20 November 2017 at 2 PM UTC."
no, coinschedule claims 91.15% of the time for the ICO has passed.
only 434.500.000 tokens have been issued.
only 434.500.000 tokens have been issued.
That is a bit disappointing after that much hype. But it should be enough to get the platform going and maybe it will even end up positive, as having too much money at the start can backfire.
Softcap = what we need to make it work
Hardcap = what we'd like to get
something like that
it's not good for investor if expand ICO , i think UTRUST already very great now.
no, coinschedule claims 91.15% of the time for the ICO has passed.
only 434.500.000 tokens have been issued.
only 434.500.000 tokens have been issued.
That is a bit disappointing after that much hype. But it should be enough to get the platform going and maybe it will even end up positive, as having too much money at the start can backfire.
no, coinschedule claims 91.15% of the time for the ICO has passed.
only 434.500.000 tokens have been issued.
only 434.500.000 tokens have been issued.
Gotcha...my oversight & misunderstanding
yes what a day, i hope UTRUST will make a second Ico after all the bitcoin forks are done.
Why, I don't think this is needed. They've raised the soft cap and even more so they can proceed with building the product.
And what is the point of expanding ICO? Better for investors will be if they start buying up on the exchange and raise the price of coins.
Probably marketing and further development of this platform It is not explicitly mentioned in the whitepaper but I think a large amount of money that remains after developing the platform should go in a fund to pay the salaries of the mediators. Also they could consider a fund to waive the escalation fee in case the dispute rules in favor of the buyer.
no, coinschedule claims 91.15% of the time for the ICO has passed.
only 434.500.000 tokens have been issued.
only 434.500.000 tokens have been issued.
And what is the point of expanding ICO? Better for investors will be if they start buying up on the exchange and raise the price of coins.
Probably marketing and further development of this platform 
And what is the point of expanding ICO? Better for investors will be if they start buying up on the exchange and raise the price of coins.
yes what a day, i hope UTRUST will make a second Ico after all the bitcoin forks are done.
Well there is still time for investors that hold bitcoin for free coins to invest in UTRUST. Honestly I believe it is perfect announcement (segwit2x cancellation) for UTRUST ICO. Let us see if this hoarders will unleash their Bitcoin to invest in Utrust (I am hoping).
In other words, you don't want advertize UTRUST anymore if they decided to extend their ICO? And your planning is want to join in other campaign?
You didn't even join Utrust signature campaign and you judge others? They spent 3 months for this project.
So you can take your bs and get out of here. Utrust project doesn't need negative energy here.
I hope they won't extend ICO because of this, people have plenty of time to invest right now and tomorrow and also they rised a lot of money already
Why would they extend it again? It's already too late. We are here supporting Utrust since more than 2 months. It's time to finish this ICO.
I don't think it would be a good idea to extend the ICO.
Today, all the coins have started to grow, you can expect from the project a good profit on the exchange, it's time to buy the last day.
I hope they won't extend ICO because of this, people have plenty of time to invest right now and tomorrow and also they rised a lot of money already
Why would they extend it again? It's already too late. We are here supporting Utrust since more than 2 months. It's time to finish this ICO.
I don't think it would be a good idea to extend the ICO.
I hope they won't extend ICO because of this, people have plenty of time to invest right now and tomorrow and also they rised a lot of money already
Why would they extend it again? It's already too late. We are here supporting Utrust since more than 2 months. It's time to finish this ICO.
they have a roadmap and are expected to follow it, not extend the ico to rake in more cash (ETH/BTC)
that being said, they're NOT going to extend it, so invest while you still can if you want, or wait for it to hit the exchanges
I hope they won't extend ICO because of this, people have plenty of time to invest right now and tomorrow and also they rised a lot of money already
Why would they extend it again? It's already too late. We are here supporting Utrust since more than 2 months. It's time to finish this ICO.
yes what a day, i hope UTRUST will make a second Ico after all the bitcoin forks are done.
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