Topic: UTRUST - page 587. (Read 314264 times)

On the first page of this topic it is written that sales started yesterday. Is this really so?
The official website says that sales will begin on the first week of October?

Dear Community,

Kakumai here, official community manager, ready to answer your questions.



We do not have a whitelist, but the Early Supporter Reward is only paid up to $10,000. Everything beyond is charged at 6.5 cents. So UTRUST is not particularly interesting to "coin flippers".


There will always be a minimum of 100 million tokens. If this threshold is reached, we stop burning.


We have a marketing strategy in place which will be announced at a later stage. I can assure you, all very exciting.


Not sure about PayPal since they're handling fiat. Pretty sure UTRUST is a more sophisticated solution than BitPay though!


You would likely be correct. I will clarify this for you and post it here in the next update, but the network fee is probably still to be paid by the users themselves. Given that this will become cheaper and cheaper (IOTA is free, Litecoin will soon be too, etc), this should only add insignificant overhead.


Escrow, provided by UTRUST.

This is explained very well in the whitepaper.


Not sure about a mobile merchant, but user-to-user payments are definitely planned.

UTRUST will be focused on merchants, but will also have peer-to-peer functionality for you to e.g. send funds to a friend.


Mobile apps come in Q4 2018!


I'm honestly not quite sure this applies here since credit cards have chargebacks and crypto does not. UTRUST will not protect users from fraudulent activities on their side, but only from fraudulent sellers. If you lose your private keys, this is still your responsibility.


Yes, it's an ERC-20 token. What do you mean by no fees - when making a purchase with UTRUST tokens?


There aren't many really at this point. Monetha does something remotely similar but limited to the token economy (ERC-20 token cryptocurrencies only). BitPay accepts Bitcoin only. It will take some time for this space and UTRUST positions itself in an industry that is definitely still in its infancy.


We will be launching with USD, EUR and GBP. Added more along the way.


We raised the full pre-ICO amount (50 million tokens at 3 cents) in 90 minutes and the ICO will be announced in the first week of October.

As always, I hope that my answer helped.

Thank you!

The marketing campaign is going nicely on social media and the tagline are really catchy with mentioning Paypal etc. I think they will reach the hard cap and will keep an eye on it as the ICO is running. The comparison between Utrust, Paypal and Bitpay is really good and easy to understand for newbies.

Its really nice that 15% of token are already bought by big investors. UTRUST team now have some funds to start to build the project and promotion. And it show to the market that there is big investors in the project, its another prooof of the serious of the project.

I've read on the website that the API will open at Q218.
Is there a way to reserve a spot on the beta list?

I would like to know what efforts UTRUST is doing to assure adoption by sellers, and what type of sellers/businesses are they targeting? Adoption is key here.

It's good that they've secured some funding via private investors, but I was hoping it was all gonna be open to the public.

Not full amount but, the 15% which was reserved for the Private Investors and Pre-ICO.
The exact date is not yet finalized but it is expected to start in the first week of October.

So if the utrusts market cap stays the same, your token will be 10 times worth in 18 years.  It's a nice push and a good way to protect investors.

They raised full amount on pre-ico? (as in the announcement - 1.5 mln usd). For which period they raised this amount?
And when ll be start ICO? Can anyone give me exact date?

That is the good part about utrust, offering protection to sellers and buyers, other platforms don't bother with that, because is the blockchain, each one is responsible for their own security, so people get scammed, but utrust tackle the problems about security and protection and included a refund feature and as a mediator between two transactions, usually banks and insurance companies did this, but for a fee, utrust don't have fees for that, it's all one simple fee that covers everything, protection, conversion, transaction, etc. at least to my acknowledge.

So, conversion support whole world's currencies or just the major ones like USD and Euro?

Pre ICO was completed one month ago, they have delayed their ICO for no apparent reason.
Why in thread say september and on website say october?
you should see detailed information on the website, because because this thread has not been updated

No, look at first page. pre-sale finished already.
Pre-ICo was 20 August and now "sold out"

I have a problem being offered for the first $10k of contribution. What's to stop someone who is contributing $100k from making 10 x $10k contributions from multiple addresses?

I appreciate the sentiment but let's be smarter about this.

How about a whitelist, screened for Sybill attacks, with $10k max contribution for Round 1? Then a Round 2 unlimited for the rest at a higher price?

Charming whitepaper, it makes us imagine a project that will really solve the current problems with payments, and will provide once and for all this integration that will surely leverage Crypto even more, this is not only a project, it is the beginning of an evolution and a gigantic progress. I wish good luck to the Dev's and Congratulations on the initiative. Following

On the Ethereum network you have to pay "gas" for every transaction/interaction with the blockchain you make. This makes it too expensive for a malicious actor to flood the network with useless transactions.

if they want to compete with paypal, they just add credit card as payment in the future.

What is gas?

I know some coin offfer but i like the idea of "Receives in fiat currency and can withdraw to a bank account, keep it in wallet or convert it to other cryptocurrency" and Funds are immediately converted to fiat currency in order to protect the seller from market volatility. I hope this will be implemented well and supported by different market. Can't wait to hold some