Wow, basically you're going to compete with paypal here or at least be the "paypal of crypto" , you have already in mind any partnership?
" Paypal of Crypto", now that's an excellent slogan! That's like an invest catchphrase gold! You gotta use this devs! It would attract so many investors to read more with such a simple line. Something like that can have a large effect. Just think about Neo being called the Ethereum of China. Though i like the project, i do believe they have some big challenges. Because they target businesses they need to make a very solid system that works smoothly to convince people to use it who live outside of the 'crypto bubble'. |
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I'm sorry if it is already asked, but i just saw the video about utrust, "when making a transaction very little amount of utrust will be burned"
So regardless how little it is, in longterm if utrust gets mainstream that will make market run short of utrust tokens?
If anyone make a transection utrust will charge the merchant 1% fee which is way cheaper than pay pal or any other crypto payment platform. From that they will remove 20% (.2% of the total transection amount) fee to buy back the tokens from the token holders to burn it. They will burn about 50 million tokens every year which will eventually reduce the supply of the of the utrust tokens. Reduce in supply will result to the increase in token value. Which means who ever will be holding this tokens for a long term will get a huge profit from it. If it will burn 50 million tokens every year in 20 years there won't be any token to burn. Approximately is it maybe %5 of tokens of the total supply of that year? Like that first year 50.000.000 second year 47.500.000 third year 45.125.000. If that's the issue, it's very logical and really lucrative for investors. They mentioned the burning of 50 million tokens will be done until there are 100 million tokens left. Total token supply will be 1 billion to start with (if i'm not mistaken). So that is the second strong incentive i've seen to increase value for the token. First one is that transactions with the utrust token will have 0% fee (so creating demand for the token). |
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Whale and pump dump group will like this ICO. And hacker too! do we have any layer to protect
There is no way to protect themselves from whales that pump and dump. actually, it's expected from most icos. Hackers hopefully they will be able to wither. You can kinda protect an ICO from whales by having a donation limit per person. And as far as hackers are concerned. I think if you're just very careful and monitor all channels (twitter/telegram/slack) before investing, you should be fine. |
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Wow, that is from august. How is it possible that it was not posted in this thread before? Or did I simply overlook it? 50 thumbs up and 13 down on the video though. It has been posted before  The video was made in cooperation with one of my favourite Youtubers, Ian Balina. He reviews ICO's and does good extensive research. The REAL team also did an AMA with him ( https://www.youtube.com/watch?v=H0MwZd3yxx0) that answered a lot of questions that i still had about REAL back then. |
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Hi! This seems to be quite interesting concept. Will read the whitepaper later.
Can anyone give me the details that will UTRUST support all Ethereum tokens or just ETH?
What happens to the possible unsold tokens?
btw. utrust.io doesn's seems to be responding. Is site down?
Good luck for the devs!
Check out the video: https://www.youtube.com/watch?v=J92W_0UpH-0&feature=youtu.be For investing in the ICO, you can invest with ETH or BTC. But using the platform to pay, the video shows at least six crypto's that i see, like Dash, Monero, Litecoin, but also BTC & ETH and of course their own token. And using their own token will let you have 0% fee, so it's a very nice incentive to use their token. Thus increasing demand and price. |
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But they have Additional 55,000,000 PPP tokens to develop partnerships ...   I don't mind this because good partners are what will get this project of the ground. They are making a product for (large) businesses so they need partners. Yes, that's what Nick basically explained in telegram. Since there is only a limited amount of tokens, but Paypie needs partnerships with accountants, tax authorities, insurance providers, banks, credit card companies, etc. they need these tokens to incentivise them. And as far as i know there is no ICO/crypto that does what they do. They are the first to offer this specific service with blockchain technology. That's why they have their sights set high, focus on adaption and you're golden. Especially with the big companies, they don't like to change to new programs, but once you have them and provide a good service, you got a client for life. |
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The price seems high in my own opinion, at the rate of 1NPX=0.01 ETH=$2.89 approximately $3.
Can the team explain how they come up with their valuation and also what is the maximum cap for this project, Is there any private or pre-sale already
That is not necessarily a bad thing though. You have to look at the total token supply (17 500 000), which is also very low, so it makes sense that the price per token is high. Some ICO's have a billion tokens! |
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Yes, Houses and estates increase in prices everywhere in the world, so if somehow there is a crash in the industry of some country, we simply invest in another where is a rising or in a healthy position, it will always rise somewhere, so we have a safe place to hold investments, because REAL work internationally, not just one country, where the risk to recuperate from a crash is very high.
Except that to invest in a new rising object you need either to sell an old falling object at a loss, or put in new money. As with every investment, selling at the right time is how you make money. For each property they buy, they will have a certain target set. Like sell it in two years with x amount of profit. Right now those goals are set by REAL themselves. I'm hoping in the future that ICO participants will be able to vote on these targets, perhaps by using REAL tokens. Thats why they need to spread their investments trough different areas and countries. That is the general rule when you are investing in something, i know first will be just Spain but after that they should buy real estate in diverse environments which have potential. Exactly, also to protect themselves and investors against a steep decline in the housing market. Although Spain's housing market is a very good place to start, i did some research and the housing market is just picking up again, so a good time to buy |
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just read in the whitepaper that PRG chan be changed in Fiat in countries where it is legal. can somebody tell me in which countries (middle europe) this is applicable?
Where in the whitepaper did you read this? I did not know this about the project. in tha chapter 3.2 it is explained: https://paragoncoin.com/whitepaper.pdf Thanks! I wonder how they will implement that. If they will do the exchanging into fiat or through exchanges or ATM's or something. That seems like quite a hard step to accomplish. |
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But they have Additional 55,000,000 PPP tokens to develop partnerships ... I don't mind this because good partners are what will get this project of the ground. They are making a product for (large) businesses so they need partners. |
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I've been looking over your token metrics and wondered if the NPX token is divisible. So, for example can i send someone 11.345 NPX? Or does it always have to be whole numbers?
The whitepaper mentions that NPX is a token without decimals, so you will always have whole NPX, 1, 2 3 and so on, I imagine that will make things easier for the bots, clients, holders, etc. but will force to pay whole amounts if you want to buy some NPX you will have to buy with a set amount. Thanks for the clarification. I hope they won't have trouble with high transaction fees then. I had invested in SIFT and they also have a non-divisible token which can give quite high transaction fees. They also did some things to their smart contract to make it extensible which caused this, so maybe NPX won't have that. |
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Yes, Houses and estates increase in prices everywhere in the world, so if somehow there is a crash in the industry of some country, we simply invest in another where is a rising or in a healthy position, it will always rise somewhere, so we have a safe place to hold investments, because REAL work internationally, not just one country, where the risk to recuperate from a crash is very high.
Except that to invest in a new rising object you need either to sell an old falling object at a loss, or put in new money. As with every investment, selling at the right time is how you make money. For each property they buy, they will have a certain target set. Like sell it in two years with x amount of profit. Right now those goals are set by REAL themselves. I'm hoping in the future that ICO participants will be able to vote on these targets, perhaps by using REAL tokens. |
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just read in the whitepaper that PRG chan be changed in Fiat in countries where it is legal. can somebody tell me in which countries (middle europe) this is applicable?
Where in the whitepaper did you read this? I did not know this about the project. |
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It looks like a computer game with not very good graphics. Quality should be increased and very much. In 2017, it looks like a 5-year-old game engine. Please keep in mind that screen captures do not do VR demos justice...I can assure you we use the latest engines on the market. Well VR don't reach PC quality for the moment. And I think that's normal, the technology is new. The gap will be reduced with time. Yeah that's like trying to determine the quality of a 3D or Imax movie by watching it on a regular TV without the extra peripherals And I dont get it why graphics are still a top priority for so many people. Especially in VibeHubs video about their education example are the graphics for me more than adequate considering that we are looking at a preview of a brand new technology. You have to take into account that it looks different with VR glasses then a 'flat' Youtube video. |
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I've been looking over your token metrics and wondered if the NPX token is divisible. So, for example can i send someone 11.345 NPX? Or does it always have to be whole numbers?
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Real estate will always be worth something because people will have to live somewhere  remember that in Detroit there are 1 dollar houses on sale?  ) regardless, real estate is a good long term investment, if you have real money. those $1 houses will be worth a couple of grand down the line, even if the house is demolished, the land will accrue value with time. it's all about patience with real estate. Haha, i'm kinda glad they aren't investing in that though but in properties that have relatively high rent/monthly return like tourist places. Because that's the pay you will get in ETH as an investor. |
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Any idea what was the pre-ICO price of each token was in USD? Would it be a good idea to buy the tokens now or the price of each token is the lot more then pre-ICO?
The pre-ICO price was $0.75 $0.85 and $0.90 If I remember right. Crowdsale started then with $0.95 for 5h and then $1+ Well, at the moment they are still relatively cheap and will raise in price with each 24h. So if you want to buy in crowdsale, best time would be now instead of later. Damn, if you got in early it would have been perfect for flipping. I'm holding it for longer since i believe it will go 5x at least. |
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Thanks, very good explanation of the idea, and i like that they went deeper into things like token distribution and how the reserves are used. |
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I think the ico will accelerate in the following days, investors can still have a 30% bonus, but many ico accelerate in last days. Maybe a lot of I nvestors prefer wait the last days to invest their eth in the project, but If you want your bonus I think its better to buy it in the first phase.
Why 30%? Already now only 15%. A little more than 16 ETH is collected. ICO is not going well. Maybe it will be more active. Some ICO's just need some time to ramp up. REAL and Relest are my two favorite ICO projects right now. |
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