Topic: Utrust is a scam? (Read 2207 times)

How can this be  a scam?  Can you imagine the time and effort for the development team to get this far in to the ICO process.  I think the amount of money needed to run the website, get compliance and documents in place in one of the most stringent financial centres in the world (Switzerland), pay a company for the KYC process (likely a large sum!), pay to get listed on Kucoin exchange, pay for the team's time, their travel to crypto conferences and meetings to promote UTRUST,  partnering with AppCoins and others. 
So much time, activity  and energy by the team on this already.  Many other ICOs haven't done even a fraction of the work that UTRUST has done.  Absolutely no way UTRUST is a scam.  The question is a little ridiculous to be honest asked by someone who doesn't have a clue how much work it takes to launch an ICO or what it takes to run a start up. 

I dont believe at all they are a scam, you just look at their team/project and will find out there is much to lose to be scamming.

Utrust is really a good project based on the paper and I know this will never become a scam though until now the bounty is not yet given well pretty sure that this can't affect the price of utrust. You should believe because this is technology can gives you higher profit.

The ways I understand the question is the person asking if it is true or not. We'll only time will tell if it is scam. But base on paper it looks pretty legit. No way it's a scam.

Are you really sure that you have provided the right URL address informing that UTRUST is a scam? Because there is no single negative words written in this article. And besides it is a good project that portrait the success. Come on man, provide the right one if this isn't.

UTRUST does not handle the KYC process it was outsourced to a company called IDNow from Switzerland. IDNow is a trusted European company that does KYC for many clients.   UTRUST operates out of  Switzerland and must follow strict Swiss compliance rules for customer financial identification.  UTRUST has given your name to IDNOW to verify and you were given an identifier number ( eg. INT-########).  You have to go through and connect to the IDNow verification system.  If you took the time to look on IDNow's website you would have seen that the company is not open on weekends and is open  from 9 am to 9 pm (Swiss time) in Canada EST time it is 3 AM to 3 PM.  This is something UTRUST can not help you with.  To complete the IDNow verification you need to have a valid passport, utility bill, a completed Form A, and a cell phone to recieve a SMS text message from IDNOW at the end of the process.  Either you have these or you can not verified. 
I am from Ontario and the IDNow process was a nightmare for me to complete but I did manage to get verified eventually.  The worst part was connecting and having to wait 40-60 minutes each time I tried.  My success was NOT to use my phone and wifi to verify... so find and use a stable internet with RJ-45 cable (not wifi) connection and use your laptop (or borrow a friends).  Have all your documents ready.    Waiting for UTRUST to do something and complaining here in the forum will do no good... it is up to you to get verified through IDNow.  Man up, get on this.  Good luck.

Did you get a response? I've been trying to get in contact with UTRUST about KYC issues without success. I've sent 6 messages to their e-mail addresses and sent a Facebook message. On their Facebook review page, CryptoCompare (UTK) you can read that more people are dealing with the same problem: The KYC causes a lot of technical issues, some of them cannot complete the process because of rude operators, and it seems impossible to get in contact with UTRUST since this month. Check this CryptoCompare thread if you like to be up-to-date:
https://www.cryptocompare.com/coins/utk/post/p_462457

I invested over $6000 for 100k Utrust tokens. I was contacted on a Friday and told I had 24 hours to verify (KYC). When I logged into the site to verify, the links were dead. I sent numerous emails to Utrust before they ever got around to replying. They told me the site was down on weekends and that's why the links were dead. A week or so later after finally hearing back from them I tried the link again. This time it worked, but the application said my Ontario, Canada phone number was not acceptable. I immediately contacted Utrust and waited, and waited and waited for a reply. They said it was a glitch in the system that would be fixed.

That was a week before Christmas. I'm still waiting and waiting and waiting. I've sent numerous emails, no big surprise, NO RESPONSE.... You say this isn't a SCAM, I beg to differ

This is a troll post.
Definitely UTRUST is NOT a scam. 
I am going through the KYC verification process myself today. I have more problems with knowing what my correct international telephone code was and my poor bandwidth causing problems during the online webcam verification.  IDnow from Switzerland is doing a good job and helped me all through troubles from my end during my verification.

If you do not have a passport, bank account statement and-or a utility bill (eg. water, electricity, heating)  then the KYC verification will be difficult for you - no matter what altcoin you are trying to buy.

I don't think utrust is a scam , it is one of the good ico in crypto that i invest , and i participated also in there bounty campaigns aswell. Who ever say that utrust is a scam is either that person is spreading fud about the project.

Utrust just had an amazing ICO - Raised a cool 21 million$ - can't wait to see this listed on exchanges in next couple weeks and prove all the haterz wrong !

Go team UT!!!

UTK to $5 MOOOOOOOOON!!

GLTA

B

I don't think Utrust is scam, seems a serious project to me.

I don't think it's a Scam. They just need time to implement your project. It takes time.

Utrust not a scam, they raise lots of money during the ico. So do the investors idiot to invest to scam project? 

UTRUST is not a scam,they have a good team and a decent project looks good to me.Utrust coin is slowy increasing its market price so do some research.

ANother exchange added!!
these guys are doing great! - Congratz too all who have a part of this soon to be wealthy and profitable company! Team Utrust lets go get em!!
GLTA
b

i made a research about utrust and i did not have thoughts about it being a scam even for a second

If it would be something like scam we would know about it earlier. The project is pretty big and many people have already invested into it. The ICORating site says about medium risk of this ICO, it is not in the list of scammers http://icorating.com/project/245/UTRUST

Utrust is not a scam i'm supporting this project anyway. this is the best ICO of this month for now.. i can see that it will be $1 per token when not sold. this is why customer satisfaction is the best feedback for them. i love the platform itself you can just browse it here utrust.io

UTK to 1$ !!!