May be they will can agree with big Korean exchanges - Bithumb? Or what about they talk in Korea? Can anyone give a detailed description of this meetUp in Korea? They come back from Korea already? Right? What news they have?  Better than detailed description you can check a video of a presentation in Korea - https://www.youtube.com/watch?v=cxryo8t3uCII think their timing for a visit couldnt be better since South Korea banned domestic ICO right after their visit and everyone will now focus on foreign ICOs. They just made themselves a perfect commercial. |
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June 2018 - exchange public launch can you explaine this please? I guess they mean an exchange on their platform where you will be able to trade merchant coins for GatCoin and other merchant coins. Without this internal exchange, this project wont be able to function. |
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Good job promoting the project. 37k ETH is still a good amount raised and im sure the team can work with that. I am excited to hear the news in the next couple of weeks.
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A good way to invest in cryptocurrency without the stress and knwoledge of the many settings importants to considers as return on an investment, risk , volatility of the market, distribution and diversification are managed by bot , now anybody can win money with this solution.
Just a thought, if everybody is using bots, doesn't that ultimately reduce the possible margin of profits available in individual trades. For the far future where this will probably happen i would agree with you. But right now there are still so many individuals who are doing day trading that we dont have to fear about that. |
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A very good hollistic project for crypto currency, because you can buy anything with a lot of diffrents coins so it's makes more value on the market of cryptocurrency, tranparency is assuring to the buyer and the seller without hidden fees, no credit card fraud, safety of the funds makes this solution as a way to democratize and push to the moon the world of crypto.
Basically Utrust can start another market for other coins which dont have much usage now. By paying with a random coin you are influencing its economy also and keep it circulating. So different coins can also profit from Utrut. |
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I am really impressed how Chris is involved in the debate here on forum and answering every question. Its rare to see so active devs here.
Only thing that slightly bothers me is the road map which is kinda poorly written. Is it possible to add some more information's to it?
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The co-founder of the Ethereum platform, Anthony Di lorio, has officially joined the PayPie team!| Read more Saved the best news for last. Another amazing marketing move from Paypie team like we were used to throughout the campaign. Now i am 100 % certain you made a right move for having a pre-sale before ICO. |
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Is the amount of tokens of one of these merchant tokens limited? For examples if they realize that the circulating supply is not high enough, can the shop decides that it wants to get more tokens minted?
I am thinking if there is a way for merchants to abuse this system. If they would issue new coins for them self and sell it, the buyer would eventually use it in their shop so other than this being a marketing move, i dont see if they can abuse it. |
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Some of the ICO are now having problem raising the funds needed, i think 25K eth as a soft cap is a little too high considering every now and then a new ICO is popping up most of it are a fork of the previous successful ICO.
I dont think this is too high. This soft cap will easily be made because I'm sure the investors will also be investors who are not in crypto. The team has so much experience on the real markets with a lot of connections. There will be a lot of investors who are real stock investors and they have a lot of money. This project is not only connected to the crypto community, its much bigger! Actually, i think it is high too. Nowadays most of the icos not raising that much. I know they are working outside to get big investors but still, it makes me worry. Well, they have an ambitious goal but I am confident that they will reach their soft cap. I think KrytoKings said a while ago that there is a already great interest in the pre-sale with a lot of subscriptions for it. However we will see the common interest in NapoleonX when the pre-sale starts on 10, October. If that it true than we have nothing to worry about. One or two whales would kick start the pre-sale and ICO after. Some project has to break this series of poorly funded ICOs and it might as well be NapoleonX. |
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Nothing wrong if they try to compare this to paypal or any other online payments, every platform/project/etc. is influenced by other other project and made them better. I think Utrust will be able to compete and be better platform for online gateway and payments.
Even if Paypal would adopt crypto payments, they would have to drop their fees in order to convince customers to use their platform and not Utrust. |
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In the beginning i thought this will be an interesting presentation to watch and learn something new but since there is a guy translating every sentence to Korean, its kinda unwatchable. But still nice to see team presenting their project around the world. |
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Nowadays a lot of retailers use some kind of benefits programs trough cards, coupons, etc. But i noticed that even thou the company is international and it has branches all over Europe, your loyalty card or coupons are useless outside of the country of issue. How will Gatcoin work around this?
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The hard cap is 100 000 ETH, the hidden cap will be an amount below the hard cap, when the hidden cap is reached, the ICO will stop prematurely, so nobody will be able to invest any more, this is done because NaPoleonX want to avoid investments made in the last moment, so nobody will know when the ICO is finished, and to keep the demand of the token high even after the ICO, I imagine that NapoleonX will give a couple of hours to wait for people to realize that the ICO has finished, so nobody is sending tokens anymore, and those who sent ETH in those hours without realizing the ICO finished will have their investment count, so no worries, though we may want to get a direct answer from dev.
Yes I understand this, but I wonder why there is not a real hard cap for example with a hidden cap which triggers a hidden timer, after which the sale ends. So the ICO would have an hard cap which could be achieved at all. For example let's say 70,000 ETH as hard cap, as they target 40,000. At for example 50,000 ETH the hidden cap would kick in and after 24h (which no one would know) the sale ends. But they would still have chances to raise some eth, even if one or two big investors would bring in some money they could reach the 70,000ETH. At this point also no one would know when the ICO is finished, beside the official announced end time and the hard cap eth. But why would someone not want to get last minute investments? So this "hidden timer" is a real thing? For me it doesnt make any sense. If you have a hidden cap, why would you need a hidden timer? For example if somebody reaches hidden cap (no one would know) and then hidden timer starts (no one would know) and ICO ends in lets say 24h - its a surprise for everyone. If you just have hidden cap, ICO ends and its also a surprise for everyone. The only difference is they would raise more than hidden cap if they would use timer but if they want that they can just raise hidden cap itself. |
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Round 1 of the 7 rounds in the public ICO starts September 20th, selling 100,000,000 tokens, or 10% of the max supply at a rate of $0.04 per token.
UTRUST is expected to raise $50 million in total, utilizing these funds to build a global payment platform akin to Paypal, allowing for an environment that ensures merchants and people can carry out transactions securely and transparently.
UTRUST’s outlined roadmap expects testing of the platform API in Q2 2018, and client API, as well as the wallet web app in Q3 2018. The last quarter of 2018 should see the native IOS and Android apps being rolled out, with further platform refinements and expansions in Q1 of 2019.
There are no more 7 rounds. There will be only one round and the date will be announced next week. is it serious. so no long ico, because ico will be done in a week very interesting Oh! So is this the final decision of UTRUST? Investors better be quick about the ICO if this is an official announcement of UTRUST team. There might be a quick sell out. On the other side, a $50 million in hard cap is quite high to reach in a week. I hope the team is looking at a very big block of investors because an ICO in just 7 days is a little bit short. As they doing a serious project, they should already be aware of the fact that this is a really high amount of $ they want. Maybe they already have the one or other bigger investor in the line to reach this cap? Right now this looks like a tough goal to reach since we all know that ICOs suffered a blow in recent months. But maybe they know something we dont and have a secret card in their sleeve. Anyways whats good for them is good for us, if they feel more motivated, we will gain more profit from investing. |
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is there any strategy or plan to keep token price stable after ICO? this is nice project i personally like to hold long term but many dump quickly after ICO and project loose attention. Most people who will dump their coins after ICO's end are bounty hunters. But, since the number of tokens which alocatated for bounties program aren't high, it shouldn't affect the price movement. The other side who will dump the coin is some short investor people. The number of people that include in this category is high and they can affect the price. That's just part of the ecosystem these days. I've been in quite some ICO's and the best thing is to just hold. If the tech is good the price will increase according to the initial ICO price. Flippening is just part of the game, although I don't really like it. The problem is people dont understand that crypto currencies are the next generation currencies. Especially bounty hunters just dump them like there is nothing more than Bitcoin or Ethereum. We have seen so many different coins take a stand and be successful in the future, hopefully Paypie will be one of those. I understand that some of them wants a quick profit but we all know holding will give you true profit. Basically bounty hunters are giving a chance to somebody else to gain from their efforts and time invested in advertising before ICO if they dump their coins, so i dont get that. Some of the project like Paypie are more complex and will need a little more time to bring true profit. |
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Every shop that handles payments in btc can easely add UTRUST, I mean why not? If you already accept payments in crypto, meaning you're somehow a crypto enthusiast, better integrate it with a platform offering buyer protection
The platform has to prove it's usefulness, reliability, security etc before any biz will feel comfortable routing their customer's payment info thru the platform. Earning such trust in the crypto space is not an easy feat. That's why i say it will take yrs of proving it's viability before we can start discussing partnerships. I think years is kinda harsh estimate, were not talking here about ebay or amazon, we are talking about smaller ecommerce sites in the beginning and they are usually not that picky and provide an excellent testing platforms for the start. |
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Just read this in whitepaper. Although the project has a formal cap of 100 000 ETH, a hidden cap will be set up. It is an incentive for
subscribers to not wait until the end of the ICO to contribute. Indeed, in the case of this hidden cap being
reached early, the ICO would automatically end prematurely. It shall ensure that the NPX token
demand will be high, even after the successful completion of the ICO. So, formally hard cap less than 100,000 eth? And can finish in any time? But anyway, this would not more that 100,000 eth, right?  No, the hard cap is 100,000 ETH, that means if 100,000ETH got invested, the sale will close definitly. The hidden cap means there is an cap of eth, for example 50,000eth, when this will be reached there will be a hidden time limit activated, after that time, for example 24h, the sale close too, even if 100,000 eth will not be reached. At least that's how I know hidden caps. but what I said? I said same. Hard cap can be less that 100k eth. Its looks like in Kikico project. They also have such strategy. And they made succesfull ICO. What i understood is that if the hidden cap is reached, which is below 100 000 eth, then the ico ends permanently, 100 000 eth will never be reached even if there are investors for it, so when the token goes on exchange those investors will buy it on exchanges, 100 000 eth a number to say to the people, the hidden cap won't pass 100 000 eth but isn't actually, is my understanding of it, but we will have to wait for dev to confirm either. I also understand it the same way, i dont know why there would be a "hidden time limit" activated after that, i dont see a reason for this. If there would be some time limit, it wont be hidden since that doesnt make any sense. |
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everything is possible if the project will be successful in the long term maybe the banks will be use it...
Then the banks have to migrate their databases to the blockchain. Unfortunately the on-chain transaction bandwidth is too low for the number of daily transactions. You could skirt around the issue using off-chain transactions but that would kind of defeat the purpose. Maybe that is where Ethereum Plasma comes in "to design a system whereby computation can occur off-blockchain but ultimately enforceable on-chain". Banks might not utilize paypie for all service earlier on but they can immediately benefit from some of it's services esp when dealing with credit assessment. That is even more plausible scenario for the beginning. But for starters everyone would be glad if this platform will be used in other smaller areas, during that phase some changes can be made and then later fully implemented in banks. |
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Do you have any plans where to extend your businesses first? I guess you have a lot of area in Asia covered and some in Turkey and USA from SK Planet involvement. When are you planing to come to Europe? I guess you are focusing on big merchants or you will try with everyone with potential?
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What is the minimum amount of ETH to participate in pre-sale? And to what date is registration in greenlist possible?
With 0.01 ETH there is practically no minimum to get the 30% bonus in the pre-sale. Pre-Sale will start on the 10th of October, not sure how long its possible to register for it though. This is strange, usually almost all projects put the minimum amount for a pre-sale of 50-100 ETH, why is here not a minimum? It turns out that all who want can buy NPX with a 30% discount, then what's the meaning of pre-sale? They are giving little investors a chance to become an early investor. Why should it have to be a bad thing? Crypto world is not just whales. There are too many little investors and they are not singling out anybody. Its def nice for the smaller investors, i am not sure if its the right strategy, but we will find out soon enough  Its really up to devs to decide but in my mine there are two ways to get a bonus. First one is if you are an early bird, second one is if you invest a bigger amount of money. Both make sense but it might have more value if you combine them both. |
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