According to the whitepaper, the biggest cost savings comes from warranty costs due to poor dealer / repair shop management and processes. It refers to this web page: http://www.warrantyweek.com/archive/ww20160107.htmlThat is quite a puzzling article, at least for me as an outsider of the automotive warranty industry. How does it explain customers are overpaying for warranty due to poor dealer / repair shop management and processes? I don't understand it too, however it's true that there's no trasparency about the spare parts market, as far as we know a repair shop can put in your car second handed spare parts and you can do nothing about it This is our blockchain about, you will definitely know that the part installed in your car wasn't in use. If it was it will be written in the blockchain. I still do not understand the relation between that article and the 105 USD too high warranty costs per customer. There is nothing about repair shops defrauding with spare parts in the article. Information about every spare part sold will be written in the blockchain, for example, if you bring your car to the service to change brakes, the supply writes info about that they sold brakes to your car service (with part number), car service writes the date about brakes were installed on your car. So you can be sure it is the new brakes and not the used ones cause there's information about them written in the blockchain. I've got one question - is this system able to check for duplicates in blockchain? I mean that one mechanic could scam client and install used part instead of original and then install this original part in another vehicle |
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100k eth for hard cap? very high target but if the project have solid bases and capture the interest of investors is not impossible to reach...
I also think its not possible these days to reach that hard cap. 100k ETH is just there to keep the sale going during the whole period of the ICO. They will get the funding they need thats for sure but now the whole amount. But I really like this project, so the less they sell the more the value of the token will be  Project looks very promising so I wouldn't be surprised to see that there will be some kind of institutional investor who want to have as much tokens as possible |
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Of course it's a long term hodl, here investors can either get rekt if they deliver nothing or epic win if they'll deliver and merchants start adding the payment platform
I have said it before, I am a bit disappointed that technically the only mechanism for the tokens to increase in value is by burning at most 50 million tokens a year. Or after the halving, I suppose it is 25 million tokens a year now. Still have no answer about that, but let us assume that is the case. UTrust is also going to sell 2% a year. That means at most a yearly ~3% increase for the first few years. Unlike traditional stock you do not get voting rights. Tell me then, what is going to take UTrust tokens to the moon? I thought that we could use Utrust tokens for payments. This could boost price due to higher demand |
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is this project run after ICO which country or international. i want to know. what's future benefits? i liked project announcement with solid team work background.
We plan to deploy within the CarFix in 2quarter 2018, and then become independent of Carfix in 3quarter 2018. The first countries are Russia and United States. This is just awesome news. I'm looking forward future updates about vlb and token generation event |
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Congratz on the devs for this ICO!
Lets hope this will be a great succes and UTRUST will have a great future.
Hope there will be some updates very soon about this project.
Great work devs.
I just can't wait to see Utrust platform working and I'm curious how their tokens will be performing on exchanges  |
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What similiar projects are you talking about Elkmar? Please show me a tool with at least half of algory functions  YES. I have been asking around and no one can show me competitors who can compete with Algory. I just hope it is decentralized and it can not be influenced. They described their tools with powerful and functional as well as actionable and multifunctional. News, different filters and so on. I think they make it very user-friendly and these are special advantages of algory There are many very complicated things that are easy and intuitive for example cars. I don't know how engines works but I know how to drive a car  |
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Here is the link to ETHLend https://ethlend.io/en/ if you want to learn more. It seems like they also have an ICO in 4 days Partnership announcement usually are good for token sales. Happy to hear it Partnership is always good cause it can benefit for both of parties. Btw, thanks for the link, will look at it asap. I know about ETHLend, I think their project can be great ETHLend also partnered with Eidoo and signing up for the ICO is very easy and quick. Also NaPoleonX should consider this kind or partnership! good that they have established more business connections, this is good for the future of the token. the more the merrier! Every new partnership can strengthen position of napoleonx business so I'm very happy to hear that |
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I am very impressed by this project. But I was wondering, where does the name SophiaTX come from, what does it mean?
Thanks. As we mentioned just a few moments ago, the name has its meaning. It means: Software Operating Platform for Hybrid Internet Applications Transaction Xchange Quite complicated name but I must say that shortcut is easy to remember and seems professional |
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Ok presale Bonus is 40% and fist day ico Bonus is 30% thats fair Not only the first day, whole 1st period (27 Nov - 02 Dec) has 30% bonus. Luckily there's that 30%, since i couldn't afford 100eth minimum contribution in presale. I am wondering that are those groups of people who participate in these huge presales, or just some whales? Yep at current prices this is almost 35 000 dollars but if someone is convinced to buy this tokens this is very good opportunity to do this5 |
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will there be some tutorials for the end user or a helpdesk for setting up the tools for trading? or even video tutorials on how to?
Good question. I'm sure that there will be some kind of FAQ and tutorial for a new user of this platform cmg12 and SEELE^^01, yes there will be tutorial how to use Algory Platform. But please believe us - we are doing our best to make it user-friendly and easy to use. That's why we work with UX specialists! Thank you for quick response. I'm glad that you are making tutorials because even the simplest interface needs to have a manual |
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I see everyone is very excited!  Did I miss something for a few days when I was absent on forum? Something important is coming?  People are exited in general. Other thing is that Utrust tokens will be tradeable soon and their price could skyrocket in no time |
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Yes the community behind Utrust is awesome now, so much investors and people who support the project. We are all impatient to start using Utrust. The ico is a nice sucess, I think Utrust will go very far, one of the big project for the next year !
I just can't wait to be able to pay for my online shopping with Utrust tokens |
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will there be some tutorials for the end user or a helpdesk for setting up the tools for trading? or even video tutorials on how to?
Good question. I'm sure that there will be some kind of FAQ and tutorial for a new user of this platform |
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Is all information about vehicles saved using the vin code?
So how does all relevant information end up in the blockchain? does the car owner have to report everything?
Probably mechanics and institution like German TUV needs to report everything to the vlb |
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I will have to get a passport. How much time do I have to send my documents?
I would say something like 2 weeks, maybe one of they don't have much work at the office |
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I've never heard about this project but I'm sure that business needs dedicated blockchain to handle bid loads of network
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How is the pre sale running? I don't find any information about it on your website. I am very interested in it because 40k ETH will be hard to achieve.
it will start this Tuesday, the people that will receive the bonus are already notified, this will be only for people that greenlisted before, abut the 40k, mmm, we could reach it, we need more ads, and videos to reach even more people. I hope that there won't be any more delays with this project and that napoleonx ico will be successful |
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so if i understand well is a series of tools that help, simplify the traders' work so will it be possible to automate trading by entering a set of parameters?...
Autotrading is just one of functions. Cryptoscanner - in which you can choose between wide range of filters and alerts - set them. New window will open like here:  All data that you choose will be provided in seconds. So if something happen that you are interested in - you will be on time. Additionally you will have possibility to backtest each scanner. If you are happy with results - you can add autotrading. This is just few functions that we work on. WOW thats a amazing user interface, cant wait to test this Exactly this interface looks really simple but still offers very good usability for a end user |
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well, the presale with 100eth minimum contribution is a no go for me i have to wait for the regular ico sale then This minimal contribution is very selective, it is complicated for many, although acting long enough and with few applications at the moment, have an immediate investment, I will be accompanying in the certainty of being a good Ico, and making my prayers to get a door input or window. This is good tactics because it give opportunity for big, institutional investors to help this project |
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I'm still thinking on how it will be possible to run the app on IOS.
Except for side loading I don't see a way.
Can the dev's comment on this please?
you'll probably be able to do it by jailbreaking your phone. that how everything else that isn't approved by apple works. Yes and if you have a warranty case your warranty isn't working anylonger. Also you go on risk to break your phone by jailbreaking I still don't think there will be a big userbase for Apple especially not big enough to get developers working on apps for this. But maybe for Android there is one. Well you no longer need to jailbreak. There's an official way to side load apps on IOS now. But as stated before, only techies will do that .. I don't see regular users doing those technical things.. Even if this is true installing applications on Android devices will be always easier |
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