Topic: UTRUST - page 598. (Read 314264 times)

I see that most people do not understand the contents of UTRUST. The organizers of the project came up with a fantastic idea which will never reach in reality. ICO for their way of earning but not the way of the development of the business.

So many people asking so here you go. My personal review of Monetha vs UTRUST:

The Monetha Team:
- Small and not even a single software engineer
The UTRUST Team:
- Large and with a highly technical background

Monetha Whitepaper:
- Confusing and hard to understand if this is something really needed
UTRUST Whitepaper:
- Very clear to understand the model just by glancing at the paper summary

Monetha fees for seller:
- 1.5%
UTRUST fees for seller:
- 1%

Monetha Concept:
- Simplistic view and solves no intrinsic problem.
UTRUST Concept:
- Solves a major problem in crypto payments - Buyer protection for cryptocurrency. This is something that is needed for the mass adoption and doesn’t exist. Can be easily used by merchants and private sellers alike.

Monetha accepts:
- Just ETH.
UTRUST accepts:
- All major cryptocurrencies.

Monetha adoption by merchants:
- Limited to merchants that wish to accept ETH and no other cryptocurrencies. Amazon, Ebay, Ali, and many more already have feedback scores, therefore Monethas model will not gain tracking and be adopted by any major merchants. Since it solves no problem, very low appeal to buyers.
UTRUST adoption by merchants:
- Buyers can pay with multiple cryptocurrencies and have a safety net when making their payments, with sellers having a higher selling rate. Will gain organic traction, bringing more clients by referral as they feel more satisfied and protected.

-Monetha adoption by buyers:
- Buyers can only pay with ETH. Feedback score system already exists and solves no problem in practice. Feedback rate is unreliable and subject to false reports and paid bias, as many others.
UTRUST adoption by buyers:
- Buyers can pay with multiple cryptocurrencies. Buyers feel safer making payments with cryptocurrencies knowing that if something goes wrong they can appeal, escalate and be refunded.

If you pay with Monetha and an vendor scams you, the only thing you will be able to do is put a negative review and your money is gone. With UTRUST you will get your money back.

SONM is a good project? I think your mind is being possessed!
it is not possible that the coins that are only in yobit is a good project, so open your mind

SONM and Bancor looked like the great project too 

You protect UTRUST because you expect rewards for bounty. In fact, you dissemble and understand that this project is a failure and everyone who invests will lose money.

Wow. Looks like a great project

I'm not in a hurry anywhere. I like long-term investments. Every investment is risky, but they have a huge chance of becoming a global payment system. And it is worth the risk to me.

And do you believe that?    You agree to wait for more than a year of result which may be negative?    UTRUST developers had to first develop a Test Platform API for Merchants and then spend ICO. Very high probability that they will fail.

There is something like Roadmap. SONM did't have its own product, now it has an ALPHA 0.2.1 version already.

UTRUST roadmap:
-Q2 2018 Platform Test API for Merchants
-Q3 2018 Client API, Wallet Web App
-Q4 2018 Native apps iOS, Android

You are not right. Most ICO already have a prototype of their product. There is no certainty that the team UTRUST will implement idea. This is very similar to SONM and Bancor.

Do you understand what ICO is? The large majority of ICOs do not have a working product. Some of them have a product, but they have poor marketing and cannot develop or finish the product. In the past there were many impossible ideas to accomplish - electricity, light bulbs, cars etc. Just have a good team and everything is possible. UTRUST has a large and professional team. Developers have a lot of finished commercial products behind them. They have worked for AT&T, UPHOLD, BETFAIR, AIRTEL and more.

These people do not even have the initial prototype of their product. They arranged a fundraiser for unrealizable idea.

Did you see their team? https://utrust.io/team
A large team of real developers. Real address and existing company in Braga, Portugal. They are not anonymous.

And who are you? You are a Monetha fan who writes false information.


Gruop of unknown people? Really? https://utrust.io/team

UTRUST is not interesting to anyone. The team has no real product. Understand what they offer to sponsor an effort to develop a platform that is doomed to failure. A very dubious project. I do not recommend anyone to participate in it.

I already wrote that UTRUST is not implemented in reality the idea. Monetha is a real product.
UTRUST is a group of unknown people. Monetha is a team of world famous professionals.

In the newest whitepaper there is information about the break between ICO rounds.

"in the worst-case scenario, the total duration will be of 55 days (with each one of the 7 rounds closing in 7 days, plus the 24 hours in between)"

I understand that this is an outdated information and ICO will take place without this break.

In the newest whitepaper there is information about the break between ICO rounds.

"in the worst-case scenario, the total duration will be of 55 days (with each one of the 7 rounds closing in 7 days, plus the 24 hours in between)"

I understand that this is an outdated information and ICO will take place without this break.