Hi everybody,

just a quick update on the bounty distribution since there seems to be confusion about it.

Firstly, we have always stated that the bounty contribution will start end of January, which it did. We never said that all bounties will be paid out by the end of January.

Further, we have third-party bounty managers (just like Avirunes) for different communities. Some of these have been paid out so far, Bitcointalk has not yet started.

Please know that this is a batch-driven process and not everybody will receive their tokens at the same time. Everyone should have their bounty tokens within the next 1-2 weeks. Note that this is the only time we are making an announcement regarding the bounties in this (non-bounty) thread.

All the best,
Your UTRUST Team

We wish everybody a happy new year!

In 2018 we will focus on working hard and delivering big milestones.
Let’s make it a good one — with UTRUST!

Stay tuned! 👏

Dear Community,

We are hiring! 🔥

Due to the continuous growth of UTRUST, and our Telegram being the main point of communication for our community, we are looking to add more admins to our channel.

If you are interested, please fill in this form:
https://utrust-forms.typeform.com/to/OeIWZw

Up to 5 people will join us across different timezones, provider solid support around the clock. 👏

All the best,
Your UTRUST Team

No, it is indeed 18 as you can verify here:
https://etherscan.io/token/0x70a72833d6bf7f508c8224ce59ea1ef3d0ea3a38

Dear Community,

Our token withdrawal guide is ready and includes all details plus a step-by-step guide on how to move your tokens safely out of your dashboard and into your private wallet.

Read it here 👉 https://medium.com/@UTRUST/utrust-token-withdrawal-guide-490fc5a2407c

Token Contract Address
0x70a72833d6bf7f508c8224ce59ea1ef3d0ea3a38

Token Symbol: UTK
Decimals: 18

All the best,
Your UTRUST Team

Dear Community,

All KYC invites have now been sen to eligible contributors! 🎉

If you have not received yours yet, please check your dashboard as the invite may have been marked as spam.

Check your dashboard at 👉 https://utrust.io/dashboard

Should you not see the KYC process in your dashboard, there are two possible reasons for it:

1. You have not selected a country in your dashboard yet. Please log into your dashboard now and select it. You will then receive your invite within 24 hours.

2.  You are from a country that was not eligible to participate. If this is the case, our legal team will be in touch with you via email throughout the upcoming weeks.

Our token is scheduled to release in 2 days on 28 December 2017.

All the best,
Your UTRUST Team

Dear Community,


Today we are excited to provide you with the details of our token release.

 
With most of our contributors now verified, we are on track to release our tokens and to have them on the exchanges before the end of this year. 💥


Without further ado, here is the release schedule:


26 December 2017 — All eligible contributors will have their KYC invites.

28 December 2017 — Verified accounts can withdraw their UTRUST tokens.

29 December 2017 — HitBTC and KuCoin should list UTK and start trading.


We encourage everybody to verify their accounts as soon as possible.

If you have not received your invite yet, you will by 26 December 2017.

We will also have a tutorial on how to withdraw your tokens available shortly.


All the best,

Your UTRUST Team

The delays were not unexplained at all. The KYC provider that accepted us (IDNow) has oversold and underdelivered. This was explained our last email and on our Telegram announcement channel. Let me post it again here:


We also then send another email, which was this one:


I strongly suggest everybody here to check their emails and whitelist "utrust.io" not to miss anything. Alternatively you can also join our Telegram announcement channel here: https://t.me/utrustannouncements.

My knowledge of the legal processes is limited, but I can reference the clients that IDNow has are very high profile. They include banks such as N26, CommerzBank, Fidor, Sparkasse, UBS, Hertz and others. All of them go through the same processes. In our particular case, what I know and can try to explain, is that we cannot sell the cryptocurrency contributions on our own. Instead, they're stuck until their source fully verified and only then can a bank (!) do the conversion for us. Banks by reputation are extremely careful with the deposits they process, and this is the very same thing (regardless of being crypto).

https://www.idnow.de/unternehmen/referenzen/

You can see the right revision of the total countries here:

https://idnowgmbh.atlassian.net/wiki/pages/viewpage.action?pageId=119734274&navigatingVersions=true

You see that until recently, they did indeed include Driver License's.

You can verify the BaFin compliant countries and their accepted IDs on your own here:

https://idnowgmbh.atlassian.net/wiki/spaces/KB/pages/19595393/List+of+Available+ID+Documents+per+Country+-+BaFin+compliant

IDNow contradicts their own FAQs I'm afraid.

Just take a proof of address copy with you (e.g. the most recent bill you paid). It doesn't matter where you are then.

I'm afraid you would be mistaken.

There are different levels of KYC and we have to comply with the highest which include Nationality.

Driver's Licenses can be obtained by anybody. For example, somebody from Iran (on the financial blacklist) could potentially (and easily) obtain a German driver's license. For this reason IDNow can no longer accept it and now only relies on ID cards and passports. We understand that for some people this may be frustrating, but we will do everything necessary to comply with active regulation to build a sound framework for years to come.

Dear Community,

First of all, we would like to apologize for the long wait — in the future, we will be enhancing our efforts to keep you updated, in a faster and more efficient manner. 💪

Last week, we have started the account verification process by sending out invitations to our investors. This is an automated process and invitations are being sent out in batches. If you haven’t yet, you will receive your invitation within the next  2-3 weeks.

Once you receive the email, you will need both, an identification documentas well as a proof of address. For the former, please check out the approved documents here. 👈

Unfortunately, and due to circumstances beyond our control, our KYC provider has informed us that they are no longer able to accept driver’s licenses as proof of ID. We are very sorry for any inconvenience caused and have updated the list above to reflect this.

For the proof of address, any official invoice/bill/letter from your utility provider (gas, water, electricity, internet, phone, …) as well as credit card bills, bank statement and similar will work as long as they are not older than 3 months.

Our objective is to release the tokens in December. We intend to give all of our Contributors the opportunity to perform the KYC procedure before this time, but it is also your responsibility to ensure that you have all the necessary documentation readily available.

All the best,
Your UTRUST Team

Dear Community,

We have entered the last 48 hours of our ICO with little more than 9% left and 12.000 backers on board! 💥
 
What will happen next?
 

• Tokens will be released to investors by the end of this month.
• Shortly after that, they will become tradable on HitBTC and KuCoin.
• Conferences will take place in Switzerland, UK, Poland and Singapore!
• First selected merchants will start testing the platform by the end of December.

If you are around, come say hello to us at:

• Blockchain Summit | 22 November — Zug, Switzerland
• Blockchain Summit | 28 November — London, UK
• Blockshow Asia | 28 November — Singapore
• Cryptocurrency World Expo | 1 December — Warsaw, Poland

We are relentlessly working to negotiate additional major exchanges and forge new partnerships.

Don’t miss this chance of joining the next online payments revolution!

GET YOUR TOKENS NOW

All the best,
Your UTRUST Team

We just reached 10k backers!   

This is an announcement thread. I’m the community manager and we’re not a 2-3 people team. We have an extensive legal team that advises us on everything. For obvious reasons I cannot and will not provide one on one support here on the forums. We have dedicated staff taking care of legal inquiries that you can reach at legal@utrust.io.

As I have said above, these are the channels you need to go through. If you PM me your email address I can expedite your answer, but this is all I can do for you here on the forums.

We are working on an updated version of the previous to avoid the confusion some users experienced. Rest assured we’re bringing the logos back but make sure we’re making it very clear that we are COMPLIANT with Swiss regulation and not partnering up with or are in any other way associated with, FINMA (apart from being a Swiss company).

To say they we are not more compliant than other ICOs is incorrect and a statement made by a person that will say anything to further his agenda. There are no regulations for ICOs, but crypto assets are considered real assets in Switzerland. As soon as they leave the blockchain you are by association regulated and in need for compliance. We understand how this can be misleading, which is why we are now changing the website. But again, you are automatically in need to be compliant if you as a company want to convert crypto currency obtained in e.g. an ICO.

Therefore, to say that there are no applicable regulations is simply incorrect.


To my knowledge you have never contacted us to talk about your case, or at least I have never heard about it. Instead of spreading information carefully selected to further what feels like your personal agenda against us, you can contact us through the official channels (Telegram, Email) and we can talk about a solution for your case, if you are actually looking for a solution to your pre-ICO purchase.

FINMA make the rules and we follow and therefore we are - as you say - regulated by them. We have KYC & AML in place and comply with all the current regulations laid upon us by them. More importantly, we have never stated anywhere that are partners or have any kind of partnership with them, so please stay true to the facts here.

This is not difficult to explain. Many ICOs that are located in Switzerland don't do KYC&AML and are not compliant to FINMA's regulations and therefore act in non-compliant manners. What this means for them in the future is anybody´s best guess.

Another hint is that Filipe is going to represent UTRUST in a conference in Switzerland very soon.

See the companies that are going there:
http://forums.theasianbanker.com/switzerland-wealth-innovation-tour/speakers

Regarding being registered as a financial payment provider or authority: Of course we are not yet, these registrations come hand in hand with large amounts that need to be paid and we are still in the fundraising stage at this point.

Hope this helps!