Why is there a figure of 500 million on the meter? The tokens for the UTRUST team and the bounty tokens are also on sale?
They announced that 50 million tokens for the Utrust team is now on sales, but I am not sure about the bounty tokens |
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Op, can you tell us the total funds gathered so far?
Hello! Total raised funds you can see on website, for now its 688 057 USD! https://ico.playmarket.ioAnd it is already RAISED 734 177 USD I cant believe how fast the token sales is going  Well done! |
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Are there competitors in the cryptocurrency field ?
There are maybe one or two similar projects outside the cryptosphere. One called Fancy is most similar to Soma, and Etsy would be the other. Did not hear about them ever. This is social marketplace or just marketplace? I know Fancy is a social marketplace, and looks very good. But I dont think there is a social marketplace in blockchain yet |
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10 more days until ICO finishes. Not sure if they are going to hit hard cap. 423,036,422/500,000,000. Still 75 million tokens for sale. I thought it would go fast after the cancellation of the fork
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the last one with the child flying away cracked me up, well done Gatcoin! I like the lady sitting on the sofa  Comedy has always worked best in advertising. These ads make Gatcoin really look professional |
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this system however has also the downside of scaring away possible investors unfortunately
You have a point, but I think this system *5 stages system where the price of a token gets more expensive with each stage* will get people to make a quick decision. If they are positive about Playmarket, they will not wait and see how the sales will develop, like most people do. |
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why ICO going to run till JAN 4th? isn't it is long time. is there any hard max cap?
Their hard cap is between 40k - 100k ETH. Its better to be prepared to get a maximum result. Its also quite a lot of of ETH, but i think the soft cap will be reached for sure. easy, i belive the softcap will be reached soon, before Christmas  that would be good. but I don't think the hard cap will be reached. it's too large. You have a point. But with all the fork chaos behind us, you never know what will happen next. Crypto is the most unpredictable market out there |
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Could you tell me how reOrder will increase the minimum wage of the restaurant personnel?
I think it's a new law that's going to increase the minimum wage of restaurant personnel. By using Reorder Gateway the restaurant/manager can save on personnel and thereby save on those increased costs, because instead of waiters taking orders/accepting the payment, the terminal takes/sends the orders and handles the payments. I agree that it's not clear from the website. Yes,the way I understood it was that it would just save on the overall costs. Then these saved costs would be able be pass onto employees and into other areas of the business. Maybe the devs should spell it out more? Automation has never been good for (production) workers. I guess in the case of Reorder, it will also not be beneficial for restaurant personnel. But I dont think you can stop this development. |
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i just read that the mayority of the team is russian. so why its (called) NY based?
Because their company is registered in US (NY?) and they want to start in NY with their project. Yes, russian name but most of them are living in new york. There's this stereotype that whenever you hear that the people working on a project are russians, it loses some credibility. I think the project should speak for itself, people should do their own research. I never heard of this stereotype before, but I saw that many Russians are working in crypto. I wonder if crypto is stimulated in Russia. Doesn't matter that the team is Russian imo they said that they choose NY because it is city with a demand for new technology |
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After fork cancellation or suspension we can see some improvements in the funding process. There is still one week to go, lets hope for the best.
This is very exciting because a lot of people seem not to know what to do next? Invest in BTC or altcoins or ICOs. Good thing that SOMA has still 1 more week |
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This is a good thing
Team Tokens — REDUCED
Smart Contract — AUDITED
Private Investors — VESTED
500 Million Tokens — BURNED
---------------------------
So how much does Utrust finally want to raise money? $21.375.000?
275M (ICO) - $17.875.000
150M (Pre-ICO, investors) - $3.500.000
75M (bounty, marketing, team) - not for sale
With 21M market cap, the token price should triple easily.
I understand the first shock that is hitting everybody, but if you take a moment and think about it, this is also good news. 1 week was short for an ICO |
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For me it is not surprising that they raised so much. People might have invested with BTC instead of ETH. Especially after BTC was all time high and the fork cancelled
the fork being cancelled was a very big surprise for me. Just found out. hopefully this means money will flow back into good ICO's and alts Well they claim they already raised 232 533 USD. They have this 5 stages system where the price of a token gets more expensive with each stage. Smart sellers |
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who is count nearest competition? is this going to release on IOS platform for apple device?
Competitors is Ziosk and lily tablets for Panera Bread. They produce tablets for very large chains like Apple Bees and Panera Our solution for ipads and it's work on IOS off course. This shows there is a demand and not many competitors yet. Being on the market when there is not many competition is a very good sign Either that or there is no market at all. But i wish this project will find his own way into the market Well, if others have already implemented it, I guess that means there is a market. |
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BTC dominance has been 80-88% for years untill the alt rally in march/april. That alt rally was caused by the hardfork debate that is finally over!
I would not say it is over, the fork is suspended right? That means for now it is cancelled but it could come back? |
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ICO extended till 20-Nov
Dear Community,
Let us begin by saying that we truly appreciate our Member’s and Investor’s loyalty, support and engagement – without you, none of this would be possible. Thank you for being awesome! 🙏
When we first idealised UTRUST, our vision was to create a borderless payment platform that would allow people from all over the World to perform day-to-day crypto-transactions in a simple and effortless manner.
Today, we are proud to announce that we have taken several important steps that will ensure the UTRUST vision does indeed become a reality for all of us. After analyzing our ICO, it is quite clear that our timing has not been ideal, particularly given the current market conditions.
That being said, we have gone back to the drawing board, sat down with our Team and Advisors and decided to implement some major improvements.
So, without further ado...
Team Tokens — REDUCED ✅
We are changing the amount of tokens that UTRUST will hold from 100 million to only 50 million. The newly released tokens will be added back into the total supply for everybody to purchase during our ICO.
Smart Contract — AUDITED ✅
Today we are releasing an independent review of our smart contract by Positive.com. We are proud to say that they gave it their approval and that it will be deployed shortly. You will be able to use the contract shortly after the ICO ends and when your KYC is complete.
Private Investors — VESTED ✅
We talked to our private investors to negotiate a minimum vesting period of 12 months. This is great news as it means that another 100 million tokens cannot be withdrawn or sold for a full year.
500 Million Tokens — BURNED ✅
We made the decision to burn 50% of all tokens today, prior to the end of our ICO, permanently reducing the total maximum supply by half. We now have a very limited number of tokens available for sale.
Public ICO — EXTENDED ✅
Since all these structural changes will result in an improved value proposition, we would like to give everyone a fair chance to participate in our ICO. As a result, we have extended our ICO to end on 20 November 2017 at 2 PM UTC.
This decision was not taken lightly and also reflects the feedback we have received from many of you advocating for more favourable market conditions in order to participate in our ICO. With the latest news regarding the cancellation of the SegWit2x fork, we believe this is a unique opportunity to be part of this online payments revolution — join the future with UTRUST!
All the best,
Your UTRUST Team
Well I guess it is not all bad news. They burned 50% of all tokens, so our tokens will probably be worth more, hopefully. |
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After fork cancellation, today i'm expecting a nice pump for funds That is exactly what I was thinking. The token sales is at 31% now, lets see how it will turn out at the end of the day |
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For me it is not surprising that they raised so much. People might have invested with BTC instead of ETH. Especially after BTC was all time high and the fork cancelled
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good project but sounds like a security.
We have provided a Medium article to give some color on the way the NPX token should be assessed. Please read https://medium.com/p/ef8eb3ebcc17/edit for some information. Remove the 'edit' from the link to read it. https://medium.com/p/ef8eb3ebcc17/A legal memo, prepared by our Legal Counsel KRAMER LEVIN NAFTALIS & FRANKEL LLP and sent to the French Regulator, presents our NPX token as the mixture between an asset and a utility token.If I am reading correctly, the French Regulator has not confirmed the status of the NPX token as presented. At that point of time, the Napoleonian asset manager which will be fully regulated and licensed (under a European jurisdiction) would have no particular issues regarding the DAFs’ tokens that could potentially be qualified as security.Shouldn't that read "no particular issues in Europe"? In our case, we have decided to exclude US residents and US citizens from our ICO, together with Iran, North Korea, Syria, Lybia, Sudan and Cuba.Just to restate it in this thread. This is the first time i see Iran, North Korea, Syria, Lybia, Sudan and Cuba excluded in icos. Why are these countries excluded from token sales? I thought crypto trading was all about decentralization. I hope someone can answer |
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This is quite a turn and a surprise for most of us. I believe alts will go up soon and ICOs like Somas will get more investors. Let's hope it many ICOs for the last time didn't collect much funds. I hope this will change now after segwit 2x got canceled. I think people need a few days to recover from the segwit2x fork cancellation. And maybe than the money will flow back from bitcoin to altcoins and ICO's |
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