Dear community!
It's Kakumei again, the official Community Support / Manager.
I am so very happy to see all the requests and community members helping each other. We truly have some very dedicated supporters for which we are very grateful! Thank you very much everybody!
Now, off to your questions...
Let me first start wrap up all the discussion regarding PayPal.We are absolutely trying to become the PayPal of cryptocurrencies. PayPal has very high fees (2.9% + $0.30 mostly), not to mention absolutely terrible foreign currency conversion rates. They literally make money every step of the way simply because they can. We aim to bring a solution into the market that can solve this problem, at least for cryptocurrencies.
and can people withdraw fiat from platform direct?
they say you can accept multiple crypto currencies at once and all payments received will be converted to fiat currency ... so they have their way
they will exchange any tokens and replace by Utrust token for their platform and withdraw it anytime if you want.. best deal to have!
i think there will be one time verification required for fiat. but i need to know about that. if they have then that is easily can process.
I kinda missed something in the Whitepaper. Is UTRUST going to roll out everywhere at the same time or will they start in some region first?
how many services utrust will be provide? is there bank withdrew or ATM card for worldwide will provide? any restricted country?
Both of those questions heavily depend on the regulations of the country we will be regulated in. For fiat conversion we will definitely require some kind of verification (KYC/AML) just like every other exchange. If we require these for simple payments I cannot confirm yet, but I assume that we do not.
Bank cards are not on the roadmap for now, but who knows in the future!
Can we use utrust as a wallet like load now and use later?
Absolutely!
and can people withdraw fiat from platform direct?
they say you can accept multiple crypto currencies at once and all payments received will be converted to fiat currency ... so they have their way
they will exchange any tokens and replace by Utrust token for their platform and withdraw it anytime if you want.. best deal to have!
So this means its centralize exchange focusing only to their token and exchanging to fiat, or will it be like shapeshift where you can interchange different kind of coin/token?
Can we use utrust as a wallet like load now and use later?
every payment service in existence offers that, surely uTrust will offer the same.
When we reviewed their white paper based on their comparison between uTrust, paypal and bitpay
The uTrust is more superior and better when it comes to all aspects of services they offered that paypal and bitpay cant offer to their clients.
Yeah Im impressed too when I read Utrust white paper. Faster payment approval , lower fees plus you can pay whatever crypto you have, and if you are the Buyer you will be guaranteed to be safe because of their customer payment protection.
I think utrust will be the next pay pal or at lest pay pal of cryptos
Not just that... They said that u can exhange any crypto for their token and withdraw or change it to usd or bitcoin? If thats the case an instant trading market too. Right?
You can absolutely use UTRUST for trading, but the fee will be a little higher (1% vs 0.25% on Bittrex for example).
I'm really keen to see how the api will work. I have several possible scenarios where this product can be implemented.
So are we, very much! As a developer myself, I really like the Stripe SDK and documentation.
How I wish this project will be widely adopted across the world reaching my place, and then some banking establishments will also find a way to go into partnership with them, so that I can easily transfer fiat money from their partner banks directly to my UTRUST account.
Only time will tell, but we certainly aim high!
I am so much intrested in this project but I am really worried that this will be sold in few minutes. I forgot to register for bonus so the chance of making good profit is less. Wish I knew about this earlier.
With over 10 new pages on BitcoinTalk every day now, people are clearly noticing! I am still confident that if you get in right away you still have a very good chance. 700 million tokens is a lot!
It is all right, mate. The ICO-proper is still unscheduled. Utrust.io indicates that the ICO schedule will be announced in the first week of October. We are barely a week left before October hits. Pre-ICO has always been a good indication as to how the ICO proper will fare out. So you better be quick and regularly check the UTRUST website for updates.
Pre-ICO's are usually for big investors.
Small investors like me usually have to wait until the crowdsale.
Some projects are very succesfull without doing a pre-ico. I sometime doesnt see why you need to do a pre-ico.
Some ICO's raise a lot during the Pre-ICO and almost nothing during the ICO :s
Our pre-ICO was actually mainly for smaller investors. The previous round (private investors) was for bigger funding.
Don't know what you asking, UTrust has their own ERC-20 token, this means that you can store theme in any ETH address of which you own your private key
Can you send from exchange or only MyEtherWallet?
you can use MyEtherWallet create a new address which you can have private key,dont use market address because you dont have private key
This is correct! You can use any wallet you would like to participate in our ICO (BTC or ETH). Once available, you can withdraw your funds to any Ethereum wallet that supports ERC-20 tokens (such as MyEtherWallet).
I regret that i made a investment with small amount of money in Pre-ico. i wish could buy more tokens.
There is still time! If you participated in our pre-ICO you can buy an additional $10,000 for only $0.052 through our Early Supporter Reward.
Pre-sale investors received tokens already? We will receive tokens just after investing on crowdsale or we ll must waiting?
Nobody received their tokens yet. All of them will become available 3 days after our ICO ended.
How will UTrust deal with the market volatility? I have some questions, UTRUST tokens will get destroyed in a process, does it mean that I will own less of my UTRUST tokens over time?
This is actually very well described in our Whitepaper.
- We convert funds immediately to fiat to protect the fiat value.
- Your stored tokens will never decrease on their own. We will only buy new tokens at market price to burn.
Is there already an announcement from the team if they are in contact with some online shops to implement the UTrust payment option or is still too early to ask this?
While we do have a very strong marketing strategy to incentivize merchants, we cannot announce any partners at this point.
I want to ask some questions regarding the difference of having their own wallets, I mean they will be having their own wallet for Utrust? Is there any advantage if they have? Because for me it seems that having one would also be good to hear and it attracts more investors because of its unique features and they have their own platform rather than using smart contract, but i guess it wont be beneficial anyways.
You can also use UTRUST as a secure wallet for all kinds of things if you mean that.
how many services utrust will be provide? is there bank withdrew or ATM card for worldwide will provide? any restricted country?
A card is something I look forward, too. That would make the entire project really cool and UTRUST users too. As for the country, I can only wish it would cover as much as possible countries beyond Europe and the American region. Will watch the development of this project closely.
Card? You mean credit card like in centra, monaco? but they ll dont have cards as i know. Its service for business customers.
UTRUST is actually not only for merchants, but is also aimed at making peer-to-peer transfers easier. You can easily send money to a friend for instance, just like with PayPal. Cards are not on the agenda for now.
What about payment, will it work with mainstream ecom sites like Amazon etc?
This is up for Amazon to decide.
I dont think you need to think anymore, you have seen the pre-sale success and we all know people are going to jump in as soon as the platform releases. I have always supported those projects which have serious solutions for real-life problems.
Thank you, ubercool!
has the exact date for ICO decided? It says the ICO starts somewhere in October, it is approaching now, and the advertisement seems effective. many people know about UTRUST
We will announce it within the first week of October!
Can I use it in any type Of mobile?
We are planning Android and iOS for now.
What promises UTRUST is deception, which the developers are not going to implement!
They copied the idea to get the money for himself.
When looking at his post history he seems to be an avid supporter of Monetha, so he might be just fudding here.
You are diehard upporter of monetha. Can you please explain to us what is happening to monetha.
All I can say about Yury1 is that this user has been around since we started the thread. Everybody that thinks he is not on a personal agenda against UTRUST should simply check his post history. Very loud supporter of Monetha, and while I understand that he has a point (no MVP), calling us "deceiving" or claiming our product will take "2-3 years to build" is nothing more than FUD. We'll take it as a compliment!
Actually, utrust started almost at the same time as monetha, they didn't copy each other, they both copied Paypal and Pajeer, and others online wallets, they both work in the blockchain, so the more options the better, the public will choose which one is the best, or which one meets their needs the most, I will have both accounts for example, as well that I have ethereum accounts, bitcoin accounts, and NEM accounts, so trying to FUD is pointless at this point XD.
While I endorse no message of other users, I certainly cannot disagree with that!
Thanks, Voltaje!
So you have a crystal ball mate! Can you tell me also prizes for REAL, Magos, Kickico, Oxy, Eventchain and VibeHub (well yes, I invested some in those) ?
Hah, I'll take some of them too please! 🚀
As always, I hope that I answered all of your questions tonight. I will be back tomorrow!
I apologize in advance should I have missed any questions.
Have a nice week everybody!
Kakumei
