hi guys. i found this great video conference with answering some of the community's questions
https://www.youtube.com/watch?v=5r1txwwu7bc
Topic: UTRUST - page 584. (Read 314264 times)
Are you already in contact with some merchants / online shops to integrate Utrust right after client API release in q3 2018 ?
Interesting project with an original idea. I think he has a bright future!
Own token is ERC20, right? How come that it doesn't charge fees? Are they paid by UTRUST itself? If no, enlight me please
Yes, it's an ERC-20 token. What do you mean by no fees - when making a purchase with UTRUST tokens?
Don't Erc tokens need some gas to move it? Utrust is using ethereum blockchain so there should be some fee for transactions?
That was a good question, i didn't even think about that. But i know Vitalek (Ethereum) is working on reducing fee by a lot. Just look at one of his recent tweets (https://twitter.com/VitalikButerin/status/909826646483509248) They are working on several changes to make this happen.
I think they mean no plarform fee's like if you would use other cryptos. The transaction fees for each crypto will always be there, I asked this before. Dev also said he will explain it more detailed later.
I explained this before, Utrust is not charging fees for CONVERTIONS, when you convert your currencies or cryptocurrencies to Utrust token, but they are charging fees for TRANSACTIONS in general, when you sell or buy with utrust, the fee that goes to utrust for the transaction already includes the gas for the ethereum blockchain, and I imagine that the other blockchain has their own fees as well.
This looks like a great project. Hopefully better things come out of it
I greet you agree with you excellent prospective project of analogues to which there is no excellent system and an excellent team of professionals will do their best for ICO
When will ico start? Me and some of my friends wanted to join for that time. If it is in early October I will collect the rest of the money to join in this project. I got some good news from some of my friends to join for this Utrust ico. Good luck
Good evening, I will be pleased to answer your question the exact date of ICO is not known approximate date is the beginning of October 2017 
Own token is ERC20, right? How come that it doesn't charge fees? Are they paid by UTRUST itself? If no, enlight me please
Yes, it's an ERC-20 token. What do you mean by no fees - when making a purchase with UTRUST tokens?
Don't Erc tokens need some gas to move it? Utrust is using ethereum blockchain so there should be some fee for transactions?
That was a good question, i didn't even think about that. But i know Vitalek (Ethereum) is working on reducing fee by a lot. Just look at one of his recent tweets (https://twitter.com/VitalikButerin/status/909826646483509248) They are working on several changes to make this happen.
I think they mean no plarform fee's like if you would use other cryptos. The transaction fees for each crypto will always be there, I asked this before. Dev also said he will explain it more detailed later.
Own token is ERC20, right? How come that it doesn't charge fees? Are they paid by UTRUST itself? If no, enlight me please
Yes, it's an ERC-20 token. What do you mean by no fees - when making a purchase with UTRUST tokens?
Don't Erc tokens need some gas to move it? Utrust is using ethereum blockchain so there should be some fee for transactions?
That was a good question, i didn't even think about that. But i know Vitalek (Ethereum) is working on reducing fee by a lot. Just look at one of his recent tweets (https://twitter.com/VitalikButerin/status/909826646483509248) They are working on several changes to make this happen.
In my opinion the choice of paying fees or not for Paypal is not a bad one. If someone don't know the seller or whoevery, fees and with this the protection is very useful, but my mainproblem for this is that the seller have to pay them. Instead they should be charged from the buyer. Well at least in this special case. 
Why not split the fee? From a neutral point of view, both the buyer and the seller cannot be trusted. The seller is exposed to the risk of chargeback and unreasonable refunds, and the buyer is risking that the seller doesn't ship the product or a faulty one.
With Utrust both are at least partially solved: the money cannot be charged back and the money is held in escrow, giving the buyer time to inspect the products.
Of course, splitting would also be an option. Well but even with escrow you have the same situation like in Paypal. You can't charge back and everything is fine. The seller for example can also provide sending documents, also the buyer can give informations about a missing or demaged product, if something is wrong. Same goes for UTrust here where you need to find a solution in "escalated" situation.
I think UTrust would be a great alternative with lower fees for especially merchants, but that's for example most interesting if you use UTrust tokens with no fee on the platform.
The idea is awesome. So many people want to invest with good old fiat and do not know how to handle the risk. But how much is your commission rather the fee?
As a seller you must pay a 1% fee of the transaction amount. They seem to be good connected to multiple exchange providers to keep the fee for buysers as low as possible. Just have a look at their whitepaper. They explain it very good in there.
The idea is awesome. So many people want to invest with good old fiat and do not know how to handle the risk. But how much is your commission rather the fee?
How long will the transaction take? when I buy goods on the Internet.
This is a very important point, because crypto-currencies have greater volatility.
This is a very important point, because crypto-currencies have greater volatility.
It should be instant if we use utrust token when we bought some stuffs on the net. But if we pay it with other cryptos, it could take some time, depends on the coins network.
Ok I just got an idea of the whole project, I like very much the buyer protection and low fees, maybe I'll invest in this
Own token is ERC20, right? How come that it doesn't charge fees? Are they paid by UTRUST itself? If no, enlight me please
Yes, it's an ERC-20 token. What do you mean by no fees - when making a purchase with UTRUST tokens?
Don't Erc tokens need some gas to move it? Utrust is using ethereum blockchain so there should be some fee for transactions?
Just found out about this project and looks very great!
Doing all online payments with crytocurrencies is the future, UTRUST can make this all happen!
Will be digging into this project!
Keep it up
Doing all online payments with crytocurrencies is the future
, UTRUST can make this all happen!Will be digging into this project!
Keep it up
It's not the first and only project to do this, but it is promising if the dev's can deliver.
So only 1% fee, which is a lot lower than paypal and others.
Instantanious conversion to fiat for the merchants !
And burning tokens everytime ..
Wow this is something i'd like to install at some business i know.
Is there a early adopter system ?
Instantanious conversion to fiat for the merchants !
And burning tokens everytime ..
Wow this is something i'd like to install at some business i know.
Is there a early adopter system ?
so the 1% fee is converted into utrust tokens and burned - and that increases the worth of the existing tokens am i right?
No not the whole 1% fee is converted, only a fraction of the transactional fee is used to buy UTrust tokens back.
ok please help me a little more to understand the whole process...
after the ico ther is a number u utrust tokens lets call this number "x" so if at a transaktion the sum "y" is converted into utrust tokens means that then there is a total of "x+y" in utrust tokens. then "y" is burned. okay then there is "x" like before. how does this increases the value of the tokens?
In my opinion the choice of paying fees or not for Paypal is not a bad one. If someone don't know the seller or whoevery, fees and with this the protection is very useful, but my mainproblem for this is that the seller have to pay them. Instead they should be charged from the buyer. Well at least in this special case.
Why not split the fee? From a neutral point of view, both the buyer and the seller cannot be trusted. The seller is exposed to the risk of chargeback and unreasonable refunds, and the buyer is risking that the seller doesn't ship the product or a faulty one.
With Utrust both are at least partially solved: the money cannot be charged back and the money is held in escrow, giving the buyer time to inspect the products.
i think utrust in very interested and reputed project. this project will be more popular and useful. i saw website and read whitepaper. really fantastic. i liked. i will be part of this project.
Just found out about this project and looks very great!
Doing all online payments with crytocurrencies is the future, UTRUST can make this all happen!
Will be digging into this project!
Keep it up
Doing all online payments with crytocurrencies is the future
, UTRUST can make this all happen!Will be digging into this project!
Keep it up
So only 1% fee, which is a lot lower than paypal and others.
Instantanious conversion to fiat for the merchants !
And burning tokens everytime ..
Wow this is something i'd like to install at some business i know.
Is there a early adopter system ?
so the 1% fee is converted into utrust tokens and burned - and that increases the worth of the existing tokens am i right?Instantanious conversion to fiat for the merchants !
And burning tokens everytime ..
Wow this is something i'd like to install at some business i know.
Is there a early adopter system ?
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