is there any partnership or deal with manufacture or company to pilot this?
Customers at the moment: all CarFix's current customers and partners, suppliers, services, the car owners, insurance companies. They will use the blockchain using CarFix platform's existing interfaces. Having an already working company makes you ahead of other icos I can definitely say that. You have the market, customers, partnerships etc. It's an amazing thing for an ico. So you company exist for approximately 1 year and a half? So how many customers you have per month, if i get it correctly, you dont own those repair shops, you are just partners with them? |
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So at a first glimpse you are trying to blockchain the whole car industry  That's a very cool ideology. I do need to read the Whitepaper to learn more about how you are planing to do this. But cool nevertheless!! There is definitely a huge opportunity in car industry, i wonder if it might change anything for them if we switch form gas to electric cars. |
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So only restaurants in New York ?
yes first time only new york. After that they have plans to expand to other cities in USA. anyway, they will have a large segment to work at the initial stage, 200 restaurants - this is enough to prove the effectiveness of the proposed tools Indeed they are more than enough restaurants to test the product and be able to optimize the product. If they manage to do the testing faze good, then their options will open up with huge amount of potential clients. They will need a good marketing team and they are fine. |
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this project has interesting concept, I'll go read white paper and I will subscribe to updates in this thread! I wish good luck for the developers!
I think the same, is the first project I see about the automotive industry and I really love it. But I need to read the white paper first to know about it. The thing is, now most of us look at cars as necessary and with that there comes a lot of maintenance costs. You would be surprised how much money we spend annually for that and i am not surprised there is a huge niche out there where a project could be build on. |
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how much have they rised? 3 million dollars? hopefully the ico ends now  after a long odysee Calculated to current ETH price, they raised 6 million $ so that is a great result and they actually raised some money from extending ICO, i hope they can focus now on development. |
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What are the next steps you are taking after ICO, will you focus on developing first or will you risk it and invest time in to marketing and searching for partners?
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What is Playmarkets strategy to gain mass adoption of users? How will you attract new users?
I doubt they have a concrete answer to your question. The fact is google store have a massive support and user base and i will be hard to lure users to PlayMarket 2.0. I think we have to be patient. |
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Android app probably will come after ico. It's bad for ico but it will be good for investors. Maybe it causes a nice pump on the price.
I agree with you, usually the price will rise significant when the team release their app. I think for now better to buy Soma coin as much as possible during this sale, if the rise truly happen then investors will get more profits They made a timing error I guess, or they think they raise enough and didn't care. Nonetheless, it is better for us. Probably they thought they could deliver in time but haven't thought about how much time is needed for this. Anyways, now it's over. well, there is still time, large investors can turn the situation on the last day. Of course, good news could be an additional incentive, we must hope for better end I dont know what were their expectations but in my mind they raised quite a lot and certainly enough to continue wth development with no problems. |
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Why did everybody wait until ICO is almost over and than spread FUD? Very well thought, but the fact that you post all the negative news about Utrust when the ICO is almost over, makes me not trust you. Ive got the feeling you want people to panic sell.
and all of them are newbie accounts very very trustful fudders anyways, believe in utrust or not, it is the choice everyone should make for themselfs. Just cant take them serious since it probably one person with multiple newbie accounts. Their ICO is almost over and we will soon see what the outcome will be. |
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After the recent bitcoin value raise, the situation with their ICO seems better immediately. A huge part of it was happening when BTC was well over 7k$ so i think current amount on their counter does not show the real value of this project.
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currently their website is down. any update is happening?
Website and registration site is working for me. But don't know how the status of pre-sale is or if it has started by now. It seems like pre-sale haven't started yet and this whole situation is pretty confusing. Somebody has to give us some information's about the current situation. |
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Its more than a day before the ICO ends and I would assume that SOMA team can now focus on development phase of the project. I'm excited for its major milestones during that period. I am happy ICO will end since there was too much pressure on them giving us some news which would kick start the sales again. Now they can relax a little and start working on their platform. I think they made a mistake extending their ICO since they didnt raise much more money. |
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Other exchanges is just a question of time, kucoin and hitbtc are good, and I think Utrust will become a major project in the future, so it will be listed on different major exchanges too !
They just needed to brake the ice with some exchanges and from then on it will be much easier to get listed so im not worrying at all about Utrust getting to other exchanges. |
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why it's better than usual App Store?
That will be the central question. I think many people will need good reasons to change the app store. They have some nice qualities like investing in apps, easy ICOs, decentralization, lower fees, but there will be indeed hard to attract a huge base of users to new app store. |
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This is another long term project, as they advertise in the roadmap it will take the next year to start to see some some customer using the system
Every crypto project is a long term project (And imo 1 year is not long term). Everyone think everything will be done in 1 or 2 years but I think it will take at leat 1 decade for cryptos to be part of our daily life. 1 decade for cryptos to be part of our daily life is not likely to happen. It is normal that people are resistant to new technology. People may think why would restaurants need terminals. But this is the future Well, we will see in one decade, some people will not even notice the changes. Like facebook is now part our daily lives but ten years ago it was just a small thing. I think once this terminal will stick, it might spread fast among different restaurants, since good reviews spread fast and then we wont have to wait that long to gain profit from this coin. |
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great news, now we are over a million They already had 1mil$ on their counter but because bitcoin value went to so much in went under but now they clearly have more backers. |
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Hi guys.
I liked your project.
Have i time to invest it?
Sure you do, the ICO is still in progress. Just go to the official website https://utrust.io and you can invest there. |
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Have you seen this image. Very impressive numbers
thank you for share here. really amazing i know Utrust is most active project nowadays. i know most community interest on utrust. now token sale is live and left 7% for reach hardcap. We just reached 10k backers!  The number of backers is growing every day! Nice to see that UTrust gets such a great response from the community. Since the UTrust community is growing every day, which is awesome BTW and confirms acute need of such project on the market, we, the community, would like to hear community managers respond not only to positive events, but also to some negative publicity, like up here in the thread. |
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News about reserve:
We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.
All the same decided to leave a stock of tokens to ensure liquidity? And these tokens will be sold on the site? No, they will be used it on the free market if there is no liquidity on that market. When we see that there is enough liquidity on exchanges before the launch of our MVP then we will burn the reserve. If everyone is holding there tokens we need to have some reserve for some functions that require the tokens. So if SOMA themself sell token in such a case, how will the price be determined in this situation? Current market price should be used in my opinion. But I do have a lot of questions about this decision and I'd like some further explanation. they should be sold higer of the current market price. otherwise the price on the exchange would stagnate and everyone would move to buy from the site... I think they will sell remaining token at market price, because as you said if the price same with ico price it mean soma token on the exchange will stagnant and hard to grow untill the remaining token sold out They should concentrate on developing the project instead of thinking of illiquidity. I understand the team taking into account different contingencies, which is good thinking, however, if they announce something, they should also provide more details to avoid unnecessary speculation. |
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News about reserve:
We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.
All the same decided to leave a stock of tokens to ensure liquidity? And these tokens will be sold on the site? No, they will be used it on the free market if there is no liquidity on that market. When we see that there is enough liquidity on exchanges before the launch of our MVP then we will burn the reserve. If everyone is holding there tokens we need to have some reserve for some functions that require the tokens. So if SOMA themself sell token in such a case, how will the price be determined in this situation? Current market price should be used in my opinion. But I do have a lot of questions about this decision and I'd like some further explanation. |
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