Use program bounty like an iconomi project and your ico will get succesfull.
@moroseneng: How does the program bounty work? |
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is this a 3 month long ico?
the date format on the front page looks quite confusing
The date format is an unpopular USA format: month/day/year. 1.5 month long ico @mike77777: Apologies, we can spell it out to make it more clear for our international audience. |
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is this a 3 month long ico?
the date format on the front page looks quite confusing
@dranster: No. The crowdsale will be 1.5 months, or 6 weeks. It will begin March 1, 2017 and run until April 14, 2017. 1,500 BTC must be raised, or all funds will be returned. 12,000 BTC is the maximum we will accept. |
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Hey,
I was just wondering if the TRST token holders receive some sort of dividends later.
Thank you
@Anarchy101: No dividends will be issued for Trustcoin (TRST) holders. |
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Joined signature campaign dev......
Thank you
@bagikoin: Thanks for the support - we appreciate it! |
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12000BTC is a very high ceiling, but what is te floor to kick start the project? In other words, what is the threshold of the ICO project? Anyone knows?
AFIK, there is no threshold mentioned so far. @wowok: The threshold is 1,500 BTC, if we don't reach it all funds will be returned. It seems we didn't make this number fully clear, thank you for pointing it out! We will be sure to mention it. Maybe you should add this on page one "The threshold is 1,500 BTC" or there will be more user says the same thing "12,000 BTC too much" but if you're happy to answer all of the comments about it does not matter, continue  @Unread: Good point  I'll add it to the main thread soon. |
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Hey . how it will be possible to participate in ICO ? btc transfers for the purchase of tokens will be accepted only from local purse BTC ? Exchange purse can be used for purchases? which coins will still be involved in the purchase of tokens? (ETH/ETC/LISK/LTC/Doge) ? SS is added to the purchase of tokens? (sorry my english ) @pol5: We will have our crowd sale site up soon (currently, being revamped). This is where you'll be able to participate in the crowd sale. There will be a multi-signature wallet with an escrow (signees to be announced soon, please stay tuned!) for receiving the Bitcoins and Ethers. Shapeshift will be used for all other coins. We will be able to accept all coins Shapeshift is able to support. Let me know if this is a sufficient answer or you have more questions! |
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Btw, I just saw the posting "Giveaway threads are not allowed". I just want to be clear that only substantial thoughtful posts and replies to this posting will be considered for a bonus, and there is no guarantee on whether someone who posts will be rewarded. Only insightful, interesting posts will be considered. We are trying to only curate and facilitate a good conversation around how to reach new audiences for altcoins.
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Sorry we haven't gotten to all the questions yet, we will get to them I promise! Many thanks to the community for answering some of the questions on our behalf! Also, in the meantime I really wanted to get this message out there - please check out this posting: "Blockchain Blurbs" for an opportunity to receive an additional bonus on top of any of the existing bonuses. Blockchain Blurbs is a bi-monthly article published by Leon Di, Head of Product Marketing for the WeTrust project. In these articles, he shares his thoughts and digressions on how to encourage more people to become engaged in the cryptocurrency community, and ways to drive broader usage of cryptocurrencies. Blockchain Blurbs is published on the 1st and 3rd Thursday of every month. Community participation and commenting on these articles is encouraged, and the best comments will receive coupons for additional crowdsale bonuses! Deadline for comments to be considered for bonuses would be Feb 11th 11:59PM UTC
Here's the main thread for that discussion, where this week we talk about "Reaching New Audiences for Token Crowdsales" https://bitcointalk.org/index.php?topic=1776355.0 |
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Blockchain Blurbs is a bi-monthly article published by Leon Di, Head of Product Marketing for the WeTrust project. In these articles, he shares his thoughts and digressions on how to encourage more people to become engaged in the cryptocurrency community, and ways to drive broader usage of cryptocurrencies. Blockchain Blurbs is published on the 1st and 3rd Thursday of every month. Community participation and commenting on these articles is encouraged, and the best comments will receive coupons for additional crowdsale bonuses! Deadline for comments to be considered for bonuses would be Feb 11th 11:59PM UTC
As a reminder, only thoughtful, insightful comments will be considered. We are trying to curate different ideas and interesting ways we can get more of the bitcoin community involved with altcoins, and want to have a thoughtful serious discussion.Since the introduction of the Ethereum blockchain, numerous exciting projects based on distributed apps and smart contracts have been created. Many of these projects have had successful crowdfunded Token Crowdsales, raising millions of dollars to support the software development, administrative, and marketing costs necessary to launch a new cryptocoin. Once the Token Crowdsale is released, an active exchange market on websites such as Poloniex and Bittrex allow the public to buy and sell these cryptocoins based on their level of confidence in the project’s future success. This model has been very effective, and has allowed cryptoenthusiasts all over the world to support and participate in many crowdfunded blockchain projects. However, those of us in the crypto-community, particularly those of us who are active developing or investing in cryptocurrencies, should keep in mind that we represent a minority of the general population. In the end, the success of our projects will only come about when more people learn about cryptocurrencies and become comfortable purchasing and using them. In the classic technology marketing book “Crossing the Chasm: Marketing and Selling High-Tech Products to Mainstream Customers”, management consultant Geoffrey Moore suggests that there are 5 stages in which different groups of people accept a new product or innovation. The new product is first adopted by innovators, followed by early adopters, the early majority, the late majority, and the laggards. Together, these stages of technology acceptance form a product life cycle. The proportion of each type of adoption can be shown on a Bell curve, as shown below. The figure shows that there are fewer innovators and laggards, and that most people belong to the early majority and late majority categories. Innovators aggressively seek out new technologies. They are excited by advances in technology, and will often actively seek out new technology in the very early stages. They then work to improve and “hack” the new technology, often finding new use models or improving upon features in the process. The Innovator is like the geeky friend of yours who began to experiment with building new apps as soon as the iPhone came out. The early adopters also buy into new technology concepts very early in the process, but unlike the innovators, they don’t have the technical abilities to drive the new technology forward. Instead, they are non-technical people who can easily understand and appreciate the benefits of the new technology. Think of the friend who has to own every new gadget, and downloads every new app as soon as it’s released. Because they themselves are not ingrained in the technical world, but instead rely on their personal vision of what technology can achieve, early adopters are the key to the initial opening of any high-tech market. The early majority share the early adopters’ ability to grasp new technology, but they are more driven by a sense of pragmatism. They feel that many new inventions end up being nothing but hype, so they prefer waiting to see whether a new technology really “catches on” before they purchase and use it. They want to see other people praise a new technology before they themselves begin to use it. As the chart above shows, the early majority forms a large part of the population, and winning their support is the key to significant profits and market growth. The people who didn’t immediately get a Netflix account, but who signed up for Netflix after they saw how seamless the viewing experience was at a friends’ house, would be an example of the early majority. The late majority shares the early majority’s concerns about new technology, but don’t have their comfort with new technology. As a result, they wait until a new technology has become an established standard before they adopt it. The people who were never comfortable using a personal computer until Windows and Microsoft Office made the operating system and common applications completely standardized would be an example of the late majority. By the time the late majority adopts new technologies, most of the necessary initial sales and R&D costs have already been amortized, making any additional sales to this group highly profitable. Finally, the laggards are people who don’t want anything to do with new technology, whether out of an irrational fear of change, an inability to grasp new products and services, or a lack of economic resources to participate in new technology. Laggards don’t interact with new technology unless it is buried deep inside products and services they are already comfortable with — such as a computer chip being buried inside a microwave. If you have a grandparent who refuses to touch anything related to a computer or smartphone, then they would be considered a technology laggard (though I’m sure that grandparent is still a wonderful person!).  So, what does all of this have to do with cryptocurrencies? It seems that at the moment, distributed app (dApp) based projects have mainly been adopted by the Innovators. Many of the people who participate in Token Crowdsales are hardcore cryptoenthusiasts who also participate in multiple crowdsales. In fact, it isn’t uncommon to see the founders of one cryptocurrency project investing in the crowdsales of other cryptocurrencies. It seems that the same Innovators are driving much of the activity in crowdsales and altcoin trading. These are the same people who are attending Ethereum meetups and Bitcoin conferences, and regularly posting on blockchain forums. They are deeply passionate about the potential of blockchain, and are actively exploring new applications of the technology. This model of investment among the Innovators has worked well, as shown by the many successfully funded projects. However, in order to expand both interest in blockchain and usage of currencies, it is worthwhile to take the next step and reach out to the Early Adopters. So how should we define who the “Innovators” and “Early Adopters” in the cryptocurrency world are? At the moment, I would estimate that out of all the people who own Bitcoin or Ethereum, only ten percent of them have invested in altcoins such as Waves, Augur, Golem, etc. The people in that ten percent tend to regularly attend blockchain conferences, have usually participated in multiple token crowdsales, and have had some knowledge of dApps, often going so far as to experiment with their own dApps. The people in this ten percent are the Innovators. The Early Adopters, on the other hand, are those people who own Bitcoin and Ethereum, but who have not made the leap to participating in other altcoins. Per my estimate above, ninety percent of the people who have purchased Bitcoins would be in this Early Adopter category. As described above, Early Adopters “rely on their personal vision of what technology can achieve”. The Early Adopters who have purchased Bitcoins have already shown a basic understanding of what is possible with the blockchain, so why haven’t they been jumping at the chance to participate in crowdsales for other tokens? It seems that many of the altcoin creators have not very clearly communicated the benefits of their innovations. For many Bitcoin users, even the crowdsale process itself can seem like a mess of intimidating jargon and esoteric procedures. The relationship between the tokens and their role in the underlying technology can also confound people who would otherwise be enthusiastic about altcoins. In order for the acceptance of cryptocurrencies to grow, the “Innovators” in this space must reach out to the “Early Adopters” to clearly communicate the benefits of the new technology, as well as how to participate in and use the new technology. Accomplishing this would be a difficult task in any circumstances, and it becomes even more difficult given the rapid pace of cryptocurrency innovation. Here are three guidelines that I have found particularly helpful in communicating to blockchain Early Adopters. 1. Know Your Audience
These Early Adopters often have not been immersed in the world of altcoins, and don’t have a clear understanding of concepts beyond “smart contracts”. Whenever possible, use analogies and diagrams to explain the value that your cryptocurrency will bring. A narrative that describes a typical use case of the technology can also be immensely valuable. At the same time, don’t patronize the Early Adopter. Avoid wave-hand explanations that describe the cryptocurrency as “Internet money” or “just a way to have transactions.” Remember that as people who have already purchased Bitcoins or Ethereum, they are more technically knowledgable than the general population. The trick is to find the perfect balance between the “thousand mile view only” explanation and the “complete gory details of dApp implementation” explanation. 2. Educate to ParticipateThe process of buying altcoins can be intimidating for Early Adopters. This problem is compounded by the fact that at first glance, many cryptocurrency projects don’t have the mass name recognition of Bitcoin and Ethereum, making Early Adopters unsure if they can trust the team working on the project. The cryptocurrency community as a whole can do more to educate Early Adopters about this process. Clear step-by-step instructions describing how to participate in crowdsales, accompanied by detailed images or videos illustrating the process, would be highly beneficial. In addition, the many reasons Early Adopters should trust the project should be described. The way in which having a set market cap serves to protect investors during the initial crowdsale is one example of this. Partnerships with other organizations, and a very reputable public presence by the founders and project team is another way to build trust in a project. 3. Make Your Core Message “Stick”In the book “Made to Stick”, professors Chip and Dan Heath discuss how to make ideas “stickier”, so that they will stick with people. A good cryptocurrency team should formulate a simple “message” encapsulating the ideas behind the project. If a blog post, informational video, diagram, or even a pithy quote can make this message “sticky”, then Early Adopters who may not be initially interested in a given token may eventually circle back to the idea. In addition, a “sticky” message makes it more likely that an Early Adopter will tell friends about a new cryptocurrency, further publicizing the new technology. In “Made to Stick” Chip and Dan Heath suggest that among other things, a “sticky” message should be “unexpected” in order to capture people’s attention, and “concrete” in order to focus their minds on the topic. For example, here at WeTrust, we often mention that over 2 billion people in the world don’t have access to banking — and we believe our product can help solve this problem. For most people living in the developed world, the idea that so many people still do not have access to banking is very unexpected — and is a memorable factoid. And because instead of saying “a lot of people don’t have access to banking,” we give a concrete number, people immediately focus their attention on the scale of the problem. From there, people will (hopefully ) remember the idea that WeTrust is the cryptocurrency project trying to help the 2 billion unbanked people. As more and more exciting cryptocurrency projects are developed, it becomes all the more crucial to encourage more people to participate in the crowdsale and usage of altcoins. These efforts to communicate the intent and benefits of altcoins to the Early Adopters can benefit all current and future blockchain projects, acting like the proverbial tide that lifts all boats. Agree? Disagree? We’d love to hear your feedback! Comment below, or e-mail leon@wetrust.io with your comments, questions, nuanced talking points, personal anecdotes, and piercing insults regarding this article. The best comments we receive will be featured in an article next week, and the commenter will receive a coupon for a 20% bonus on TrustCoins during the token crowdsale! (Bonus applies up to a 5 BTC limit, and will be applied on top of all other bonuses)
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12,000 btc is needed, It is very huge amount,
if token sale is not enough 12,000 btc the project is not running and will be refund?
@Mallampue: 12,000 BTC is the maximum we can raise, that is the cap. We will set a minimum of 1,500 BTC and will return funds if this isn't met. |
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join bounty here
@Lembang: Thanks! Hope to see you sign up. |
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Hey,
I was looking for your facebook page on the announcement page but unable to find. Can you please share the link to your facebook page.
Thank you
@Anarchy101: Good catch! Apologies I left it out - the announcement is updated now. WeTrust Facebook Page! |
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hi dev when you will start the signature bounties?
its coming soon, not yet start just waiting more information from op @len01: Bounties thread is now updated! Check it out and let me know if you have any questions. Cross posted on marketplace as well. |
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Thanks for all your help and support! All bounties have been processed. If you're still interested in wearing our Avatar and Signature, see below!
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[td][center][font=agency fb][b][url=https://github.com/WeTrustPlatform][size=14pt][color=transparent].[color=black]GITHUB[color=transparent].[/color][/size][/url]
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Token Sale will commence on 03/01/2017 12:00:00 AM UTC and conclude on 04/14/2017 at 11:59:59 PM UTC (or when CAP is reached at BTC12,000)
12000 BTC? You are dreaming again, this coin is made by Chinese, more Chinese coins have ICO in the forum, but a few will raise big money. You will hardly raise 1200 BTC, impossible to raise 12k.
@ComponY: WeTrust is actually based in the US, and many on the team are 2nd generation Asian American. However, we also have many team members based out of, or with roots in, Latin America, Europe, and the Middle East. This reflects the large extent of ROSCA use throughout the world, and the extent to which we want to promote this unique form of savings/lending and mutual insurance! To learn more I encourage you to check out this video! Where are ROSCAs being used? |
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This project not related in wetrust.in CERTIFIED service from India ?
@MbakNarti: correct, no relationship to wetrust.in and no relationship to wetrust.co |
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@judyrob, @iqbal26: Bounty information for signatures, translations, and rewards, coming soon! also, join our slack channel for real-time info. Look forward to having your support! @MarMoCoin: We are solving real-world problems relating to financial inclusion, and crypto is only one small component that will help us reach our goal! @sotisoti: We will accept BTC and ETH. I'm not an expert in Inchain, however, our approach is to digitize a saving approach used by 1 billion people through something called ROSCA (definitely check this video out). ROSCAs today are used only people who trust each other in real life, and provide both Economic Security AND Opportunity. It represents a form of Insurance and Credit, where interest stays within local community. There's no need for “trusted third party” intermediaries. Default rates are also lower than what banks observe. Despite the benefits, it is not without shortcomings. ROSCAs have challenges with scaling (most of these organizations don't grow beyond a small circle of trust due to logistics), challenges with dealing with accounting, potential fraud, etc... This is where our platform comes in to provide better transparency, safeguards, use of 'trust inference' based on social graph -- all of which will ultimately amplify the strengths of social capital and reputation based networks, while addressing their weaknesses. regarding your question about minimum raise: we are currently debating the minimum internally, but are thinking it might be 1,500 BTC. We'll have a number published in the first post of this thread soon. tldr; we are digitizing ROSCAs, which are a resilient and proven form of simple insurance, as a way to bootstrap trusted networks, build a social graph, and eventually build out additional products such as credit identity, trusted lending, and more sophisticated forms of mutual insurance. Would love to hear more on your view of our approach toward mutual-insurance!  @malcovixeffect: Stablecoins have the transactional qualities of cryptocurrencies and are critical for widespread adoption as they are pegged one to one with fiat currencies and resistant to day-to-day volatility. Our end goal is to have users be able to use our platform without having to understand the underlying complexity. Several stablecoins that are under development or are in active usage, including MakerDAI, String Labs Phi, and Tether. Colu and Waves Platform are also working on various initiatives that enable the support of digital tokens that are linked to fiat value. What are your thoughts on our view of stablecoins?  @electronicash: What do you think is a more appropriate cap value for our crowdsale? The funds raised are not used for underwriting insurance policies, but creating the platform that would enable individuals to create their own mutual-insurance groups in the form of ROSCAs. (definitely check this video out which explains the simple yet elegant way in which people are able to access both credit and insurance through this mechanism of what is essentially a time-shifting of payments within a group in order to deal with economic uncertainty). Would love to get more constructive feedback from you, please let us know what you think! |
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Thanks for all your help and support! All bounties have been processed. If you're still interested in wearing our Avatar and Signature, see below!
Avatar Jr. Member (20 stakes) ▬▬▬▬▬▬▬▬▬▬▬▬▬ ║WeTrust.io║▬▬▬▬▬▬▬▬▬▬▬▬▬ ║COLLABORATIVE SAVINGS AND INSURANCE PLATFORM║ [center]▬▬▬▬▬▬▬▬▬▬▬▬▬[url=http://www.wetrust.io/]║WeTrust.io║[/url]▬▬▬▬▬▬▬▬▬▬▬▬▬
║COLLABORATIVE SAVINGS AND INSURANCE PLATFORM║[/center] Member (20 stakes) [center]▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬[url=http://www.wetrust.io/]║WeTrust.io║[/url]▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
[url=https://bitcointalk.org/index.php?topic=1773367.0;all]BITCOINTALK THREAD[/url] ║ [url=http://www.wetrust.io/slack-invite]SLACK[/url] ║ [url=https://www.youtube.com/watch?v=tXqy2-2l8Xg&list=PLCL57M28bByVH-HUDxmIg9TW9B6izKqdd&index=3]YOUTUBE[/url] ║ [url=https://medium.com/wetrust-blog]BLOG[/url] ║ [url=https://medium.com/wetrust-blog]MEDIUM[/url] ║ [url=https://twitter.com/WeTrustPlatform]TWITTER[/url] ║ [url=https://github.com/WeTrustPlatform]GITHUB[/url] ║ [url=https://www.telegram.me/wetrust_ico]TELEGRAM[/url]
▬▬▬▬[url=http://www.wetrust.io/]║COLLABORATIVE SAVINGS AND INSURANCE PLATFORM, POWERED BY BLOCKCHAIN║[/url]▬▬▬▬[/center] Full Member (50 stakes) [center][url=http://www.wetrust.io/][color=#21baa6][b][color=#ECEDF3]▬[/color][color=#DEE9ED]▬[/color][color=#D0E6E8]▬[/color][color=#C3E2E3]▬[/color][color=#B5DFDE]▬[/color][color=#A8DBD9]▬[/color][color=#9AD8D4]▬[/color][color=#8DD5CF]▬[/color][color=#7FD1C9]▬[/color][color=#72CEC4]▬[/color][color=#64CABF]▬[/color][color=#57C7BA]▬[/color][color=#49C4B5]▬[/color][color=#3CC0B0]▬[/color][color=#2EBDAB]▬[/color]║[font=agency fb]WeTrust.io[/font]║[color=#21BAA6]▬[/color][color=#2EBDAB]▬[/color][color=#3CC0B0]▬[/color][color=#49C4B5]▬[/color][color=#57C7BA]▬[/color][color=#64CBBF]▬[/color][color=#72CEC4]▬[/color][color=#7FD1C9]▬[/color][color=#8DD5CF]▬[/color][color=#9AD8D4]▬[/color][color=#A8DCD9]▬[/color][color=#B5DFDE]▬[/color][color=#C3E2E3]▬[/color][color=#D0E6E8]▬[/color][color=#DEE9ED]▬[/color][/b][/color][/url]
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[td][center][font=agency fb][b][url=https://github.com/WeTrustPlatform][size=14pt][color=transparent].[color=black]GITHUB[color=transparent].[/color][/size][/url]
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[url=https://www.telegram.me/wetrust_ico][size=11pt][color=black]TELEGRAM[/color][/size][/url][/b][/font][/center][/td]
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[/tr][/table][/center] Hero/ Legendary (80 stakes)
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[td][url=http://www.wetrust.io/][size=30px][color=#21baa6][b][font=Calibri]WeTrust.io[/font][/b][/color][/size][/td]
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[td][center][font=agency fb][b][url=http://www.wetrust.io/slack-invite][size=14pt][glow=black,2,300][color=transparent].........[color=white]SLACK[color=transparent]..........[/color][/glow][/size][/url]
[url=https://bitcointalk.org/index.php?topic=1773367.0;all][size=11pt][color=black]BITCOINTALK THREAD[/size][/url][/b][/font][/center][/td]
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[td][center][font=agency fb][b][url=https://www.youtube.com/watch?v=tXqy2-2l8Xg&list=PLCL57M28bByVH-HUDxmIg9TW9B6izKqdd&index=3][size=14pt][glow=#d94235,2,300][color=transparent].[color=white]YOUTUBE[color=transparent].[/color][/glow][/size][/url]
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[td][center][font=agency fb][b][url=https://twitter.com/WeTrustPlatform][size=14pt][glow=#55acee,2,300][color=transparent].[color=white]TWITTER[color=transparent].[/color][/glow][/size][/url]
[url=https://medium.com/wetrust-blog][size=11pt][color=#55acee]MEDIUM[/color][/size][/url][/b][/font][/center][/td]
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[td][center][font=agency fb][b][url=https://github.com/WeTrustPlatform][size=14pt][glow=black,2,300][color=transparent].[color=white]GITHUB[color=transparent].[/color][/glow][/size][/url]
[url=https://www.telegram.me/wetrust_ico][size=11pt][color=black]TELEGRAM[/color][/size][/url][/b][/font][/center][/td]
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What do you guys think about Wallet Integration? I think Zcash is low at the moment because it is so hard to store, send and use them. Once more infrastructure and technology develops around the coin, it'll facilitate a higher price. Thoughts?
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