UTRUST - page 530. | Bitcointalksearch.org

Risktaker31

full member

Activity: 420

Merit: 134

Quote from: tiger5056 on September 29, 2017, 07:01:09 AM

there are many fraud in current financial system, UTRUST will help reduce that. Blockchain is innovation of our life time.

ie
It surely hit high and will be a new thing in the trading industries because of innovative feature. A solution to dipute, fast transaction and an easy conversion of currency.

Islapdonkey

sr. member

Activity: 882

Merit: 277

If i had a dollar for every "had i known"

Quote from: Chikitita2004 on September 29, 2017, 10:18:31 AM

Quote from: bitjet on September 29, 2017, 09:32:18 AM

Quote from: Sozialtourist on September 29, 2017, 09:23:56 AM

Quote from: sockpuppet1911 on September 29, 2017, 09:08:11 AM

Quote from: lobat999 on September 27, 2017, 03:44:12 PM

Quote from: Chikitita2004 on September 27, 2017, 03:18:02 PM

Quote from: sockpuppet1911 on September 27, 2017, 02:29:25 PM

Anyone want to speculate what their partnership announcements will be? Amazon would be cool.

Who knows? Maybe ebay, alibaba, olx and the rest too will partner with Utrust. It is not just the buyer/seller protection they provide they also give performance-based ratings to sellers which is good for both sellers buyers. The moment buyers see the 5star ratings of sellers, it means trust for the sellers which good for them too.

Alibaba would be a great partner for UTRUST considering it is a very big company that can even surpass Amazon and has a wide user base in Asia.

Oh man, i forgot Alibaba completely, even though i just ordered something from there. That indeed would be a golden partnership for Utrust. But isn't that a Chinese company? China and cryptocurrencies don't mix well these days.

Well it is still a lot of time till the first platform test API for merchants in Q2 2018. I am sure they are already in contact with different online stores to implement their payment option. The bigger these partners will be, the more success UTrust will have. The examples you mentioned with ebay. Amazon or Alibaba would be huge but I think the system has to be approved by some smaller shops at first before it get's adopted by these big companies.

Start with some small shop still better than work with large company like Amazon and Alibaba.

For sure buddy. In every beginning one has to start with small small trial and error experiments until they come up with something bigger and take the lead.

Ok guys lets come back down to reality. No one is partnering with alibaba, ebay, disney or whomever else you can pull of the air yet. the main thing is producing a working platform and after several yrs of proving their viability. maybe one of the aforementioned co might mention their name in one of the corporate meetings

PagSure

member

Activity: 81

Merit: 10

Quote from: bitjet on September 29, 2017, 09:32:18 AM

Quote from: Sozialtourist on September 29, 2017, 09:23:56 AM

Quote from: sockpuppet1911 on September 29, 2017, 09:08:11 AM

Quote from: lobat999 on September 27, 2017, 03:44:12 PM

Quote from: Chikitita2004 on September 27, 2017, 03:18:02 PM

Quote from: sockpuppet1911 on September 27, 2017, 02:29:25 PM

Anyone want to speculate what their partnership announcements will be? Amazon would be cool.

Who knows? Maybe ebay, alibaba, olx and the rest too will partner with Utrust. It is not just the buyer/seller protection they provide they also give performance-based ratings to sellers which is good for both sellers buyers. The moment buyers see the 5star ratings of sellers, it means trust for the sellers which good for them too.

Alibaba would be a great partner for UTRUST considering it is a very big company that can even surpass Amazon and has a wide user base in Asia.

Oh man, i forgot Alibaba completely, even though i just ordered something from there. That indeed would be a golden partnership for Utrust. But isn't that a Chinese company? China and cryptocurrencies don't mix well these days.

Well it is still a lot of time till the first platform test API for merchants in Q2 2018. I am sure they are already in contact with different online stores to implement their payment option. The bigger these partners will be, the more success UTrust will have. The examples you mentioned with ebay. Amazon or Alibaba would be huge but I think the system has to be approved by some smaller shops at first before it get's adopted by these big companies.

Start with some small shop still better than work with large company like Amazon and Alibaba.

You have point there.. If UTRUST will start in a small shop at least it won't be a big problem if something will go wrong with their service they can easily solve it. And if they think that everything is running smoothly then that would be the time to embark into another partnership with big companies.

Voltaje

sr. member

Activity: 350

Merit: 250

Quote from: Chikitita2004 on September 29, 2017, 10:18:31 AM

Quote from: bitjet on September 29, 2017, 09:32:18 AM

Quote from: Sozialtourist on September 29, 2017, 09:23:56 AM

Quote from: sockpuppet1911 on September 29, 2017, 09:08:11 AM

Quote from: lobat999 on September 27, 2017, 03:44:12 PM

Quote from: Chikitita2004 on September 27, 2017, 03:18:02 PM

Quote from: sockpuppet1911 on September 27, 2017, 02:29:25 PM

Anyone want to speculate what their partnership announcements will be? Amazon would be cool.

Who knows? Maybe ebay, alibaba, olx and the rest too will partner with Utrust. It is not just the buyer/seller protection they provide they also give performance-based ratings to sellers which is good for both sellers buyers. The moment buyers see the 5star ratings of sellers, it means trust for the sellers which good for them too.

Alibaba would be a great partner for UTRUST considering it is a very big company that can even surpass Amazon and has a wide user base in Asia.

Oh man, i forgot Alibaba completely, even though i just ordered something from there. That indeed would be a golden partnership for Utrust. But isn't that a Chinese company? China and cryptocurrencies don't mix well these days.

Well it is still a lot of time till the first platform test API for merchants in Q2 2018. I am sure they are already in contact with different online stores to implement their payment option. The bigger these partners will be, the more success UTrust will have. The examples you mentioned with ebay. Amazon or Alibaba would be huge but I think the system has to be approved by some smaller shops at first before it get's adopted by these big companies.

Start with some small shop still better than work with large company like Amazon and Alibaba.

For sure buddy. In every beginning one has to start with small small trial and error experiments until they come up with something bigger and take the lead.

Being in small shops and retailers will be better, so any mistake could be made and to refine the code and the platform, so when it's time to move into the big online shops, we enter with a mature and well-developed platform, so there is no important errors that will damage the trust of utrust XD.

Chikitita2004

full member

Activity: 560

Merit: 121

Quote from: bitjet on September 29, 2017, 09:32:18 AM

Quote from: Sozialtourist on September 29, 2017, 09:23:56 AM

Quote from: sockpuppet1911 on September 29, 2017, 09:08:11 AM

Quote from: lobat999 on September 27, 2017, 03:44:12 PM

Quote from: Chikitita2004 on September 27, 2017, 03:18:02 PM

Quote from: sockpuppet1911 on September 27, 2017, 02:29:25 PM

Anyone want to speculate what their partnership announcements will be? Amazon would be cool.

Who knows? Maybe ebay, alibaba, olx and the rest too will partner with Utrust. It is not just the buyer/seller protection they provide they also give performance-based ratings to sellers which is good for both sellers buyers. The moment buyers see the 5star ratings of sellers, it means trust for the sellers which good for them too.

Alibaba would be a great partner for UTRUST considering it is a very big company that can even surpass Amazon and has a wide user base in Asia.

Oh man, i forgot Alibaba completely, even though i just ordered something from there. That indeed would be a golden partnership for Utrust. But isn't that a Chinese company? China and cryptocurrencies don't mix well these days.

Well it is still a lot of time till the first platform test API for merchants in Q2 2018. I am sure they are already in contact with different online stores to implement their payment option. The bigger these partners will be, the more success UTrust will have. The examples you mentioned with ebay. Amazon or Alibaba would be huge but I think the system has to be approved by some smaller shops at first before it get's adopted by these big companies.

Start with some small shop still better than work with large company like Amazon and Alibaba.

For sure buddy. In every beginning one has to start with small small trial and error experiments until they come up with something bigger and take the lead.

bitcoin-shark

hero member

Activity: 2968

Merit: 605

Quote from: bitjet on September 29, 2017, 09:32:18 AM

Quote from: Sozialtourist on September 29, 2017, 09:23:56 AM

Quote from: sockpuppet1911 on September 29, 2017, 09:08:11 AM

Quote from: lobat999 on September 27, 2017, 03:44:12 PM

Quote from: Chikitita2004 on September 27, 2017, 03:18:02 PM

Quote from: sockpuppet1911 on September 27, 2017, 02:29:25 PM

Anyone want to speculate what their partnership announcements will be? Amazon would be cool.

Who knows? Maybe ebay, alibaba, olx and the rest too will partner with Utrust. It is not just the buyer/seller protection they provide they also give performance-based ratings to sellers which is good for both sellers buyers. The moment buyers see the 5star ratings of sellers, it means trust for the sellers which good for them too.

Alibaba would be a great partner for UTRUST considering it is a very big company that can even surpass Amazon and has a wide user base in Asia.

Oh man, i forgot Alibaba completely, even though i just ordered something from there. That indeed would be a golden partnership for Utrust. But isn't that a Chinese company? China and cryptocurrencies don't mix well these days.

Well it is still a lot of time till the first platform test API for merchants in Q2 2018. I am sure they are already in contact with different online stores to implement their payment option. The bigger these partners will be, the more success UTrust will have. The examples you mentioned with ebay. Amazon or Alibaba would be huge but I think the system has to be approved by some smaller shops at first before it get's adopted by these big companies.

Start with some small shop still better than work with large company like Amazon and Alibaba.

you are right for the begining small shop are better to test well mechanism,so step by step towards to big ones...

Rigorous

full member

Activity: 574

Merit: 115

Quote from: robocop3 on September 29, 2017, 09:26:49 AM

the 2% fee should not be payed when the trade not complete!

Maybe it is better to reserve funds in a Refund Fee Fund for paying the 2% escalation fees when the seller was at fault. The Refund Fee Fund could be funded with the part of all sellers' fees that would otherwise be burned.

bitjet

hero member

Activity: 696

Merit: 500

Quote from: Sozialtourist on September 29, 2017, 09:23:56 AM

Quote from: sockpuppet1911 on September 29, 2017, 09:08:11 AM

Quote from: lobat999 on September 27, 2017, 03:44:12 PM

Quote from: Chikitita2004 on September 27, 2017, 03:18:02 PM

Quote from: sockpuppet1911 on September 27, 2017, 02:29:25 PM

Anyone want to speculate what their partnership announcements will be? Amazon would be cool.

Who knows? Maybe ebay, alibaba, olx and the rest too will partner with Utrust. It is not just the buyer/seller protection they provide they also give performance-based ratings to sellers which is good for both sellers buyers. The moment buyers see the 5star ratings of sellers, it means trust for the sellers which good for them too.

Alibaba would be a great partner for UTRUST considering it is a very big company that can even surpass Amazon and has a wide user base in Asia.

Oh man, i forgot Alibaba completely, even though i just ordered something from there. That indeed would be a golden partnership for Utrust. But isn't that a Chinese company? China and cryptocurrencies don't mix well these days.

Well it is still a lot of time till the first platform test API for merchants in Q2 2018. I am sure they are already in contact with different online stores to implement their payment option. The bigger these partners will be, the more success UTrust will have. The examples you mentioned with ebay. Amazon or Alibaba would be huge but I think the system has to be approved by some smaller shops at first before it get's adopted by these big companies.

Start with some small shop still better than work with large company like Amazon and Alibaba.

robocop3

sr. member

Activity: 375

Merit: 250

the 2% fee should not be payed when the trade not complete!

Sozialtourist

full member

Activity: 686

Merit: 101

Quote from: sockpuppet1911 on September 29, 2017, 09:08:11 AM

Quote from: lobat999 on September 27, 2017, 03:44:12 PM

Quote from: Chikitita2004 on September 27, 2017, 03:18:02 PM

Quote from: sockpuppet1911 on September 27, 2017, 02:29:25 PM

Anyone want to speculate what their partnership announcements will be? Amazon would be cool.

Who knows? Maybe ebay, alibaba, olx and the rest too will partner with Utrust. It is not just the buyer/seller protection they provide they also give performance-based ratings to sellers which is good for both sellers buyers. The moment buyers see the 5star ratings of sellers, it means trust for the sellers which good for them too.

Alibaba would be a great partner for UTRUST considering it is a very big company that can even surpass Amazon and has a wide user base in Asia.

Oh man, i forgot Alibaba completely, even though i just ordered something from there. That indeed would be a golden partnership for Utrust. But isn't that a Chinese company? China and cryptocurrencies don't mix well these days.

Well it is still a lot of time till the first platform test API for merchants in Q2 2018. I am sure they are already in contact with different online stores to implement their payment option. The bigger these partners will be, the more success UTrust will have. The examples you mentioned with ebay. Amazon or Alibaba would be huge but I think the system has to be approved by some smaller shops at first before it get's adopted by these big companies.

Chikitita2004

full member

Activity: 560

Merit: 121

Quote from: Nicol3 on September 29, 2017, 08:54:47 AM

Quote from: toolucky98 on September 29, 2017, 08:19:45 AM

Quote from: cantdecide on September 29, 2017, 06:07:38 AM

Quote from: niklasmato on September 29, 2017, 03:17:43 AM

Quote from: Rigorous on September 28, 2017, 05:18:41 PM

Quote from: Nargiza on September 28, 2017, 04:41:01 PM

Quote from: Rigorous on September 28, 2017, 03:52:40 PM

Quote from: Nargiza on September 28, 2017, 03:49:17 PM

Hello again sorry that I am a little bit annoying today. But I don't fully understand. WP page 18 last paragraph about refunds? So if buyer will be refunded the fees will go to 2 % it's correct?

The way I read it, there will be an additional fee of 2% on top of any other fees. I think that 2% fee is used to (partly) cover the cost of the UTRUST operator.

So the buyer loses its 2 % even is not his/her foult Huh

Yep. That is how it is described in the illustration. The buyer pays 2% resolution escalation fee regardless of whose fault it was. I suspect that is because the smart contract is designed like that it takes a portion of the escrowed money. The seller did not put any money in escrow, so there is no money to take a fee from.

It's not really fair towards the buyer but I do understand why Utrust needs to do this. Besides I've read in the Whitepaper that the seller will get some punishment as well. So it's kinda fair.

Well I also can understand that this is somehow needed, but I think there should be a better solution. I mean, why should someone pay for something he has no fault in? That's, in my eyes, the wrong way, even if the seller in this situation will get a negative feedback then.

If thats true, buyers will suffer losses with certainty.
I think it would be better if they get compensation.

If the buyers will be compensated then how will the company earn, that's why there are always agreements for every businesses so they can make a decision and meet half way to their agreement.

Yea. Before they come up with the decision of paying compensations to the buyers there must be a process to be done before jumping into this. Let us not forget that in the moment of disagreement between buyer and seller, they both have to enter into a chat (conversation) to settle the dispute and if the disagreement is still not settled a middle man from utrust has to join their chat and be an arbiter between the teo and then find the best possible solution to settle the dispute and give best options whis is good for both buyer and seller. As much as possible the buyer should recover it's payment if the item purchased is not received.

sockpuppet1911

sr. member

Activity: 994

Merit: 278

Quote from: lobat999 on September 27, 2017, 03:44:12 PM

Quote from: Chikitita2004 on September 27, 2017, 03:18:02 PM

Quote from: sockpuppet1911 on September 27, 2017, 02:29:25 PM

Anyone want to speculate what their partnership announcements will be? Amazon would be cool.

Who knows? Maybe ebay, alibaba, olx and the rest too will partner with Utrust. It is not just the buyer/seller protection they provide they also give performance-based ratings to sellers which is good for both sellers buyers. The moment buyers see the 5star ratings of sellers, it means trust for the sellers which good for them too.

Alibaba would be a great partner for UTRUST considering it is a very big company that can even surpass Amazon and has a wide user base in Asia.

Oh man, i forgot Alibaba completely, even though i just ordered something from there. That indeed would be a golden partnership for Utrust. But isn't that a Chinese company? China and cryptocurrencies don't mix well these days.

Nicol3

sr. member

Activity: 420

Merit: 250

Quote from: toolucky98 on September 29, 2017, 08:19:45 AM

Quote from: cantdecide on September 29, 2017, 06:07:38 AM

Quote from: niklasmato on September 29, 2017, 03:17:43 AM

Quote from: Rigorous on September 28, 2017, 05:18:41 PM

Quote from: Nargiza on September 28, 2017, 04:41:01 PM

Quote from: Rigorous on September 28, 2017, 03:52:40 PM

Quote from: Nargiza on September 28, 2017, 03:49:17 PM

Hello again sorry that I am a little bit annoying today. But I don't fully understand. WP page 18 last paragraph about refunds? So if buyer will be refunded the fees will go to 2 % it's correct?

The way I read it, there will be an additional fee of 2% on top of any other fees. I think that 2% fee is used to (partly) cover the cost of the UTRUST operator.

So the buyer loses its 2 % even is not his/her foult Huh

Yep. That is how it is described in the illustration. The buyer pays 2% resolution escalation fee regardless of whose fault it was. I suspect that is because the smart contract is designed like that it takes a portion of the escrowed money. The seller did not put any money in escrow, so there is no money to take a fee from.

It's not really fair towards the buyer but I do understand why Utrust needs to do this. Besides I've read in the Whitepaper that the seller will get some punishment as well. So it's kinda fair.

Well I also can understand that this is somehow needed, but I think there should be a better solution. I mean, why should someone pay for something he has no fault in? That's, in my eyes, the wrong way, even if the seller in this situation will get a negative feedback then.

If thats true, buyers will suffer losses with certainty.
I think it would be better if they get compensation.

If the buyers will be compensated then how will the company earn, that's why there are always agreements for every businesses so they can make a decision and meet half way to their agreement.

cantdecide

full member

Activity: 336

Merit: 112

Quote from: toolucky98 on September 29, 2017, 08:19:45 AM

Quote from: cantdecide on September 29, 2017, 06:07:38 AM

Quote from: niklasmato on September 29, 2017, 03:17:43 AM

Quote from: Rigorous on September 28, 2017, 05:18:41 PM

Quote from: Nargiza on September 28, 2017, 04:41:01 PM

Quote from: Rigorous on September 28, 2017, 03:52:40 PM

Quote from: Nargiza on September 28, 2017, 03:49:17 PM

Hello again sorry that I am a little bit annoying today. But I don't fully understand. WP page 18 last paragraph about refunds? So if buyer will be refunded the fees will go to 2 % it's correct?

The way I read it, there will be an additional fee of 2% on top of any other fees. I think that 2% fee is used to (partly) cover the cost of the UTRUST operator.

So the buyer loses its 2 % even is not his/her foult Huh

Yep. That is how it is described in the illustration. The buyer pays 2% resolution escalation fee regardless of whose fault it was. I suspect that is because the smart contract is designed like that it takes a portion of the escrowed money. The seller did not put any money in escrow, so there is no money to take a fee from.

It's not really fair towards the buyer but I do understand why Utrust needs to do this. Besides I've read in the Whitepaper that the seller will get some punishment as well. So it's kinda fair.

Well I also can understand that this is somehow needed, but I think there should be a better solution. I mean, why should someone pay for something he has no fault in? That's, in my eyes, the wrong way, even if the seller in this situation will get a negative feedback then.

If thats true, buyers will suffer losses with certainty.
I think it would be better if they get compensation.

Compensation or no payment if it is not their fault. Otherwise I really can't see why they should pay for something they haven't done.

toolucky98

full member

Activity: 490

Merit: 100

Quote from: cantdecide on September 29, 2017, 06:07:38 AM

Quote from: niklasmato on September 29, 2017, 03:17:43 AM

Quote from: Rigorous on September 28, 2017, 05:18:41 PM

Quote from: Nargiza on September 28, 2017, 04:41:01 PM

Quote from: Rigorous on September 28, 2017, 03:52:40 PM

Quote from: Nargiza on September 28, 2017, 03:49:17 PM

Hello again sorry that I am a little bit annoying today. But I don't fully understand. WP page 18 last paragraph about refunds? So if buyer will be refunded the fees will go to 2 % it's correct?

The way I read it, there will be an additional fee of 2% on top of any other fees. I think that 2% fee is used to (partly) cover the cost of the UTRUST operator.

So the buyer loses its 2 % even is not his/her foult Huh

Yep. That is how it is described in the illustration. The buyer pays 2% resolution escalation fee regardless of whose fault it was. I suspect that is because the smart contract is designed like that it takes a portion of the escrowed money. The seller did not put any money in escrow, so there is no money to take a fee from.

It's not really fair towards the buyer but I do understand why Utrust needs to do this. Besides I've read in the Whitepaper that the seller will get some punishment as well. So it's kinda fair.

Well I also can understand that this is somehow needed, but I think there should be a better solution. I mean, why should someone pay for something he has no fault in? That's, in my eyes, the wrong way, even if the seller in this situation will get a negative feedback then.

If thats true, buyers will suffer losses with certainty.
I think it would be better if they get compensation.

xamil

member

Activity: 354

Merit: 11

Quote from: Kakumei on September 29, 2017, 05:34:24 AM

Quote from: levyashin on September 29, 2017, 01:39:14 AM

Quote from: Kakumei on September 29, 2017, 01:06:06 AM

Quote from: mike0182 on September 29, 2017, 12:33:41 AM

Their website says: MAXIMUM CROWDSALE CAP 49M USD but but about softcap I find it difficult to answer...

What is your definition of a soft cap?

It's the minimum funding to make the project run. In a bad case, it doesn't get to 49m USD, what is the minimum requirement for utrust.

And it's something I like to know too.

I clarified this now and the soft cap is just $10 million of which we already raised $3.5 million.

Quote from: viljy on September 29, 2017, 05:32:35 AM

Quote from: Xenrise on September 28, 2017, 07:08:21 PM

Utrust already raised 3.5 million on its presale. That's a good news

I could not find where this information came from. Can you show the link?

It's all on our official homepage, if you scroll down here:

https://utrust.io/ico

Hope this helps!

thank you for the information. it's so nice to be part of these campaign, i'am glad and hope it will continue for so long.

magisterr

sr. member

Activity: 1372

Merit: 259

Quote from: viljy on September 29, 2017, 05:32:35 AM

Quote from: Xenrise on September 28, 2017, 07:08:21 PM

Utrust already raised 3.5 million on its presale. That's a good news

I could not find where this information came from. Can you show the link?

This information on 1-st page and on their site also.
They raised 2 mln from Private Investors and 1.5 mln usd on Pre-ICO (just in a 1.5 hours only)

Nicol3

sr. member

Activity: 420

Merit: 250

Quote from: PagSure on September 29, 2017, 07:20:51 AM

Quote from: Kakumei on September 29, 2017, 06:34:21 AM

Quote from: the_donald on September 29, 2017, 06:32:37 AM

Quote from: ?? on ??

Quote from: viljy on September 29, 2017, 05:51:39 AM

Quote from: Kakumei on September 29, 2017, 05:34:24 AM

I clarified this now and the soft cap is just $10 million of which we already raised $3.5 million.

The first-hand information is about $ 3.5 million. Well, the result is very good.

another 6.5 million, will take only an hour or less when the final ico starts. this is not a joke! i am telling it now after 2 successful ico i can tell!

you really can't tell in this market. but the pre-sale was a complete success from what I can see.

Indeed, the pre-sale sold out in just under 90 minutes. 🔥

Wow I did not know that the presale sold out that quickly all I know that its was fast but wasn't expecting that fast. Oh well ICO will surely sold out that fast too I think. I am very excited alread Cheesy

Woah, that's really something. It sold out that quickly huh. That only means to show that investors are really eyeing on UTRUST. Can't wait for ICO's result as well.

imtiazmahmood

sr. member

Activity: 476

Merit: 250

Quote from: ubercool on September 29, 2017, 07:27:52 AM

Too many private investors started investing in ICO's these days. Its good to see Non crypto people are genuinely interested in crypto currencies. Utrust will bring change in the transactions and happy to be a part of it in this early phase.

i think there is alot of investors on UTRUST and new people also and they liked idea of UTRUST. personally me and my friends also liked UTrust project and we have plan to invest as soon as possible.

ubercool

hero member

Activity: 1078

Merit: 504

Too many private investors started investing in ICO's these days. Its good to see Non crypto people are genuinely interested in crypto currencies. Utrust will bring change in the transactions and happy to be a part of it in this early phase.

Topic: UTRUST - page 530. (Read 314264 times)