Topic: UTRUST - page 599. (Read 314264 times)

Chinese ANN thread updated with the new info for ICO (https://bitcointalksearch.org/topic/annico-utrust-paypal-2083682)
Hope the project has a successful ICO. I look forward to my bounty when ICO finish

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.

Yes, we are being trusted which we very much appreciate.

We are using the existing funds to run our extensive marketing campaigns, too.

Hope this helps!

for real? what a big amount for a certain activity before the ico kicks off.. well im sure, with that certain amount, means many trusted the project, by the time ico opens, it will definitely flood investors.

Nice post about utrust in the huffingtonpost.

http://www.huffingtonpost.com/entry/how-blockchain-can-disrupt-the-payments-industry-will_us_59aed455e4b0bef3378cdb94

A Secure, Transparent and Robust platform.The future of online platform.

Yes but there is still a central authority that judges when it comes to problems?

I believe that this project is going to be more popular in the future. It has good benefits for both buyers and sellers. Especially for the sellers. I love the idea that escrow exchanges the cryptomoney to fiat in advance. So there is no lost in a possible dump for the sellers.

i think if all coins are sold in one day ICO will end immediately.
if the coins are sold out, what coin will sell again? 

What if all the coins are sold in 1 day, will 7 rounds be held or will ICO end immediately?

Hi Affiliate User!

• The ICO will have 7 rounds
• Every round lasts 7 days or until sold out
• Unsold tokens will be burnt, effectively reducing the total market cap

Hope this helps!

It is true that making the best decision is not easy. The important thing is to be patient with a big project for achieving active marketing.

I think it is a good decision. The project is big and needs time for active marketing. However, the breaks between rounds were reduced.

more and more ico projects that increase the duration of sales when ico is running
may be the factor of the yesterday's issue which has reduced investors
hopefully this will be the right decision for the project to succeed

20th September is a good date to start ICO, and what is your minimum target in ICO and how long will ICO run?

That’s a very good news now people will have the chance to get some tokens rather than fearing out to loose there transection fees.

Now I actually don't have to be stuck in traffic at opening and might be able to participate in this round

fantastic news! now i dont need to hyperventilate if i dont make the first round in time lol 

Dear Community,

Thank you for all your questions, I am trying to answer them all one by one.


Thanks, please contact us in our Slack or Telegram channels.


No whitelist, so everybody is free to participate. We actually offer some functionality that Monetha doesn, such as buyer protection and non-Ethereum based payments.


Thanks 👏 👏 👏



Hi sonulrk and adam1230!

As an official statement: the non-disclosed private investor round was 100,000,000 tokens @ $0.02. The pre-ICO afterwards sold all 50,000,000 available tokens at $0.03 within only 90 minutes! 👍 🎉


We are just as excited and looking forward to our first open ICO round on 20th September 2017 at 2 PM GMT with a price of $0.04! 💰


I hope I made this clear above, all private investor tokens were sold for $0.02.





This is correct!

Also a small update

We slightly changed the ICO timings to 2 PM GMT and removed the 24 hour window in-between ICO rounds. Instead, the ICO now runs continuously from the 20th of September at 2 PM GMT and runs fluently into the following rounds.

I hope this made some things clear and if you have any other question, please don't hesitate to reach out!

Sorry, I did my math wrong... I just realized the private investor sale was limited to 10%, which would be 100,000,000 tokens at $0.02 = $2,000,000.  Plus the 50,000,000 tokens at $0.03 for the pre-sale which is 1,500,000.  So $3.5M total so far.