Topic: UTRUST - page 615. (Read 314264 times)
hi,dev,I think more information is needed about your team members, and signature activities are needed
What platform base is this Token and may i know how much will be its target minimum cap and maximum .? I am thinking how this payments works and for what exchange it will be available in payment.
Hi Saidmod,
UTRUST Token is Ethereum based. Our minimum cap is $10.000.000 and maximum is $50.000.000. Regarding exchangers we have the necessary contacts to put our token in major exchangers. We will announce it soon. For full details of how payments work please check out whitepaper. You will find all the info you need there and if you have any other questions please let us know and we will be more than happy to reply.
All the best,
UTRUST Team
this is a game changer..already buy a lot of my stuff with btc..just wish you had this service already..got burned last week buying a vpn service with bitpay..no service, no reply, no money, nothing
does this work for private sales? if I want to buy something from a normal private person and use this instead of escrow?
does this work for private sales? if I want to buy something from a normal private person and use this instead of escrow?
Hi bitCatcher,
Regarding transactions between a buyer and a private seller you will be able to use our platform as well. Buyers will be able to pay merchants and private sellers with full purchase protection. If you are familiar with PayPal our service is similar regarding this specific situation. Saying that and if further compared with PayPal we bring a lot of advantages to buyers and sellers if compared with PayPal as our service is blockchain based and not traditional.
If you have any further question let us know and we will be more than happy to reply.
All the best,
UTRUST Team
Many people chase their dreams but only a few wake up and do something about it. UTRUST is doing great things about it
What platform base is this Token and may i know how much will be its target minimum cap and maximum .? I am thinking how this payments works and for what exchange it will be available in payment.
Hi! What are the benefits for investors? Any dividends or coins buyback?
Hi fineles_ceo,
How will this strategic value coupling work? Each time a buyer pays with any cryptocurrency via UTRUST payment platform a percentage of the transactional fee is used to buyback UTRUST token and remove them from the market. The removed tokens will be destroyed. This will reduce the amount of UTRUST token supply further driving demand, the adoption of the platform and the value for investors. The higher the volume of transactions in the UTRUST platform, the higher the potential market value of the token. Since a percentage of the transaction fee is removed from the pool in each market transaction, the more UTRUST platform is used (with any crypto), the further the price of UTRUST appreciates, a built-in adjustment that acts as our self-correcting mechanism. If an investor decides to hold UTRUST token for the long run, though it will be subjected to exchange market fluctuations, there is a protective layer that links it to a sustainable financial platform. This so called intrinsic deflationary engine makes UTRUST not only the safest payment platform, but a great token for investment and store of value.
The amount of UTRUST tokens is projected to be reduced from the initial 1 billion to a minimum cap of 100 million, at a rate no faster than 50 million a year. This dynamic adjustment of the fee burn rate will be managed by the UTRUST platform analytics engine with the goal of balancing token supply and demand while encouraging transaction growth.
Let us know if you have any further questions and we will be more than happy to reply.
All the best,
The UTRUST Team
this is a game changer..already buy a lot of my stuff with btc..just wish you had this service already..got burned last week buying a vpn service with bitpay..no service, no reply, no money, nothing
does this work for private sales? if I want to buy something from a normal private person and use this instead of escrow?
does this work for private sales? if I want to buy something from a normal private person and use this instead of escrow?
Reserve for dutch and german translation! Also i'm expert in ico marketing! Let me know if you are interested!
Hi! What are the benefits for investors? Any dividends or coins buyback?
50 million dollars is quite an ambitious goal. I hope it will be backed up by appropriate communication and action. Otherwise I can't really see how you are going to reach that. Also, the undisclosed part is really bad. Why wouldn't you just say how much they paid? It gives newer investors the chance to judge how likely it is that they are being dumped on extraordinarily hard.
To add to this, the structure is unbelievably bad for early investors. If the token is issued immediately:
-Phase 1 already exists and can dump on Phase 2 holders at any time
-Phase 2 holders have an upper boundary of $.04/token and can be dumped on at any time
-Phase 3 has an upper boundary of $.05 and can be dumped on twice as hard, etc.
...
-If the bull market reverses at any point during the ICO (let's say Phase 5) and a tranche is undersold, the people who bought during the .06 phase might wind up owning twice as much at .03 per, meaning everyone else is instantly dumped on 4 times as hard
If the token is not issued immediately, investors are locked into holding for months/years. Filecoin can do that. You're not Filecoin.
This is one of the worst ICO formats I've seen yet. If it's not reworked, I will avoid it.
Hi Alexandr,
Your presumptions are incorrect. Firstly, upon Pre-ICO closure, the ICO will start in no more than one week's time.
Each round of the ICO will have a maximum duration of 7 days. Each round will close the moment the tokens are sold out, with the next round beginning in 24 hours. This means that:
- In this best-case scenario (the one we are fully confident will happen) the duration of the ICO will be 14 days.
- In the worst-case scenario, the duration will be 55 days (with each one of the 7 rounds closing in 7 days, plus the 24h timeframe in between).
The UTRUST Tokens will be issued to investors 3 days after the ICO closes.
We are confident that our structure is one of the best you will find.
Please let us know if you have any other questions and we will be more than happy to reply.
All the best,
The UTRUST Team
50 million dollars is quite an ambitious goal. I hope it will be backed up by appropriate communication and action. Otherwise I can't really see how you are going to reach that. Also, the undisclosed part is really bad. Why wouldn't you just say how much they paid? It gives newer investors the chance to judge how likely it is that they are being dumped on extraordinarily hard.
Hi temple,
We are getting some major partners on board and we will make an announcement soon. We will do our best to manage all your expectations. Regarding the sale to private investors, we will also be disclosing the specific amount before the PRE-ICO starts, as the negotiations are still in progress and we have a lot of private investors interested at this point. Investors will never be dumped, as we are not just another coin leveraging token speculation. We are building a platform. A payment platform that will solve the fundamental problem that cryptocurrencies are facing now, its practical use as a mainstream payment method.
Please let us know if you have any further questions and we will be more than happy to reply.
All the best,
The UTRUST Team
1 billion tokens @ $0.03 per to start, then it raises each of the 7 rounds. Total it looks you're hoping to raise is just south of 50 million dollars, correct? I'm still reading but I'm not seeing much here other than something that's already being done. There's a roadmap with timeframes but no timetable on future ICO rounds? How long do the rounds last? Until they sell out? What if they don't?
Hi Pezso ,
We please find in the first page of our thread the reply to your questions. Other use made the exact same post and you.
All the best,
The UTRUST Team
50 million dollars is quite an ambitious goal. I hope it will be backed up by appropriate communication and action. Otherwise I can't really see how you are going to reach that. Also, the undisclosed part is really bad. Why wouldn't you just say how much they paid? It gives newer investors the chance to judge how likely it is that they are being dumped on extraordinarily hard.
To add to this, the structure is unbelievably bad for early investors. If the token is issued immediately:
-Phase 1 already exists and can dump on Phase 2 holders at any time
-Phase 2 holders have an upper boundary of $.04/token and can be dumped on at any time
-Phase 3 has an upper boundary of $.05 and can be dumped on twice as hard, etc.
...
-If the bull market reverses at any point during the ICO (let's say Phase 5) and a tranche is undersold, the people who bought during the .06 phase might wind up owning twice as much at .03 per, meaning everyone else is instantly dumped on 4 times as hard
If the token is not issued immediately, investors are locked into holding for months/years. Filecoin can do that. You're not Filecoin.
This is one of the worst ICO formats I've seen yet. If it's not reworked, I will avoid it.
1 billion tokens @ $0.03 per to start, then it raises each of the 7 rounds. Total it looks you're hoping to raise is just south of 50 million dollars, correct? I'm still reading but I'm not seeing much here other than something that's already being done. There's a roadmap with timeframes but no timetable on future ICO rounds? How long do the rounds last? Until they sell out? What if they don't?
50 million dollars is quite an ambitious goal. I hope it will be backed up by appropriate communication and action. Otherwise I can't really see how you are going to reach that. Also, the undisclosed part is really bad. Why wouldn't you just say how much they paid? It gives newer investors the chance to judge how likely it is that they are being dumped on extraordinarily hard.
1 billion tokens @ $0.03 per to start, then it raises each of the 7 rounds. Total it looks you're hoping to raise is just south of 50 million dollars, correct? I'm still reading but I'm not seeing much here other than something that's already being done. There's a roadmap with timeframes but no timetable on future ICO rounds? How long do the rounds last? Until they sell out? What if they don't?
This project looks interesting.I'm researching further and subscribing
Low cost, this is very good, I'm sure this project will develop rapidly, pre-ICO and ICO look very good, the division is very stable, I will wait for Pre-ICO from this project, hopefully run well, good luck
Bytheway, is there a signature campaign?
Bytheway, is there a signature campaign?
Hi biggernugs,
First of all we would like to thank you for the interest in the UTRUST platform. Regarding your questions, we are indeed looking to raise $50 MM as stated. The ICO itself will start on September on a soon to announced day. Once we announce our full ICO details, you will be able to see the specific dates requested. In each ICO round we will sell 10% of total token pool. However, if we don't manage to sell all the available amount (we are absolutely confident we will), we will divide the remaining unsold tokens by the buyers of that round in a proportional way.
Regarding your mention that this is something that has been done, you are correct. PayPal does it for example. However, it's being done in traditional payment systems, not in crypto. Nowadays if you pay with cryptocurrency in the main platforms you are left in the dark in terms of consumer protection.
We fully believe in this project and that it fills a big gap in this market. There is no commercial use for cryptocurrencies without a 3rd party service mediator such as UTRUST. Traditional online payment systems rely on a consumer protection mechanism for mainstream adopt. The majority of people that pay with credit card/ PayPal/etc know that they can get the money back if their purchase is not fulfilled.
When it comes to crypto payments we (the cryptocurrency supporters) need a reliable service, a service that guarantees that both buyer and seller can do the transactions online with confidence.
Cryptocurrencies will grow to be huge and will most likely be adopted by Governments and banks.But unfortunately no one will buy anything online without a guarantee. This guarantee that people take for granted in traditional payments solutions is lacking in crypto payments. That's exactly why we exist.
Imagine a world where services such as PayPal, Visa, MasterCard don't protect consumers. Online purchase would be such a high risk that most wouldn't do it.
Remember that when you are buying online you don't know the other party. That's why we need a independent and reliable mediator that protects customers from fraud and provides sellers the ability to sell more with less risk (as trust from the customer base generates even more sales and crypto-payments are safer to sellers).
From our perspective, cryptocurrency use without a consumer protection is a pure speculation game that lacks value-generation and real purpose. Bitcoin was created and envisioned for the purpose of easy, cheap and reliable transactions. Decentralization is not opposite to safety, both must work in tandem.
If you wish to chat and exchange some more ideas and points of view, you can reach us out! Will be more than happy to talk with you regarding our fundamentals and vision.
1 billion tokens @ $0.03 per to start, then it raises each of the 7 rounds. Total it looks you're hoping to raise is just south of 50 million dollars, correct? I'm still reading but I'm not seeing much here other than something that's already being done. There's a roadmap with timeframes but no timetable on future ICO rounds? How long do the rounds last? Until they sell out? What if they don't?
1 billion tokens @ $0.03 per to start, then it raises each of the 7 rounds. Total it looks you're hoping to raise is just south of 50 million dollars, correct? I'm still reading but I'm not seeing much here other than something that's already being done. There's a roadmap with timeframes but no timetable on future ICO rounds? How long do the rounds last? Until they sell out? What if they don't?
Reserving Filipino Translation if needed thank you.
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