[ANN] [TRST] WeTrust - For the People, By the People!

[Cart]

What is the price for one token?

[1713882119]

1713882119

[1713882119]

1713882119

[1713882119]

1713882119

[1713882119]

1713882119

[Saksham]

What is the price for one token?

There is no price, we'll see it at the end of ICO ( Anyway I'll do some math for you)

[Cart]

What is the price for one token?

There is no price, we'll see it at the end of ICO ( Anyway I'll do some math for you)

Ah okay, so at the end it will be decided by total amount raised?

[Saksham]

What is the price for one token?

There is no price, we'll see it at the end of ICO ( Anyway I'll do some math for you)

Ah okay, so at the end it will be decided by total amount raised?

Yes, but currently we have 690 BTC raised divided with 80MIO which means 862 sat / 1 TRST

[Cart]

What is the price for one token?

There is no price, we'll see it at the end of ICO ( Anyway I'll do some math for you)

Ah okay, so at the end it will be decided by total amount raised?

Yes, but currently we have 690 BTC raised divided with 80MIO which means 862 sat / 1 TRST

Alright, thank you very much!

[modernbuddha]

What is the price for one token?

@Cart: The price per coin will depend on what we collect in total.

[modernbuddha]

The website says each person wins X amount of rounds. How do you guarantee that the winner of the first round with contribute again to the second round and won't just take their gain?

@animalroam: First and foremost, Trusted Lending Circles are between CLOSE friends and family that know each other well. However, to thwart bad actors, WeTrust will have four deterrents:

1. Reputation risk/ Reviews: ROSCA groups will be limited to "trusted associates" - family, friends, co-workers, fraternal groups, and professional/ religious organizations. Defaulting on payments could mean social shame and loss of reputation amongst an individual's closest associates. The idea is that for ROSCAs with small enough dollar amount commitments, reputation risk will be sufficient enough to keep participants honest. Reviews may also be left by other members to show how they felt about any participant.

2. Legal risk: ROSCA formation will allow trusted associates to e-sign and bind each other to a legal contract which requires faithful adherence and payment to the ROSCA. Defaulting on payments and stealing could mean legal repercussions. Legal recourse will only be used if individuals are participating in a "high-stakes" ROSCA and legal action would be worthwhile. I've spoken to our legal advisor and she believes it will be possible to create auto-populating templates that will be tailored to each person's ROSCA terms.

3. Collateral risk: Collateral commitments may be required prior to joining a ROSCA. The collateral will be entered into a smart contract which will surrender the property to the ROSCA group if the ROSCA agreement is breached. Collateral can be liquid-cash like assets like Bitcoin or even less liquid assets such as auto/ home titles. Our system will benefit significantly from the ability to accept less liquid assets, since the majority of middle classes’ net worth is locked in real estate. Collateral would allow capital to be used more efficiently.

4. Smart contract bounty (self-enforcement): If a ROSCA participant violates the terms of the ROSCA, the ROSCA group may start a “Bounty” on the retrieval of funds. If the funds are retrieved, the “Bounty” is paid out to the person who enforces the terms of the ROSCA.

These deterrent options will be on an "opt-in" basis and participants will be able to choose the level of security they want.

[beami]

Congratulations to the WeTrust Team !
Best Ico ever !

Nice and working fine

23.611 ETH, 143 Btc...

Great ICO started
Just few hour can be 500+ btc investation

[modernbuddha]

Congratulations to the WeTrust Team !
Best Ico ever !

Nice and working fine

23.611 ETH, 143 Btc...

Great ICO started
Just few hour can be 500+ btc investation

@beami: It's over 818 BTC now!

[Jcga]

Congratulations to the WeTrust Team !
Best Ico ever !

Nice and working fine

23.611 ETH, 143 Btc...

Great ICO started
Just few hour can be 500+ btc investation

Congratulations !
Over 1.000.000 usd collected in 90 minutes

[nickhiggins123]

Congrats WeTrust. You can look at my history and you will see I have been involved in ICO's dating back to AMP & FCT ( still hodling ;P ) This is by far the smoothest launch I have seen to date. Can't wait to see what the future holds in store.


**Edit** Felt I needed to add that them delaying the crowdsale due to AWS outage was awesome.

[modernbuddha]

Congrats WeTrust. You can look at my history and you will see I have been involved in ICO's dating back to AMP & FCT ( still hodling ;P ) This is by far the smoothest launch I have seen to date. Can't wait to see what the future holds in store.


**Edit** Felt I needed to add that them delaying the crowdsale due to AWS outage was awesome.

@nickhiggins123: Thanks for the support man. You didn't see us during the sleepless nights leading up to it.

[Strongkored]

Until now wetrust can collect fund 217,1377 Bitcoin and 44,237.9866 Ethereum if Ethereum token convert to Bitcoin with current price 0.014BTC/ETH=619,3318124 BTC, total 836,4695124, just 163,5304876 left to reach the minimum treshold  1000BTC

[jonpande]

so far so good ICO for launch 1hours 628 BTC collected ,congrats Wetrust.io nice job for team 

[modernbuddha]

so far so good ICO for launch 1hours 628 BTC collected ,congrats Wetrust.io nice job for team 

@jonpande: We are at 851 BTC now!

[animalroam]

The website says each person wins X amount of rounds. How do you guarantee that the winner of the first round with contribute again to the second round and won't just take their gain?

@animalroam: First and foremost, Trusted Lending Circles are between CLOSE friends and family that know each other well. However, to thwart bad actors, WeTrust will have four deterrents:

1. Reputation risk/ Reviews: ROSCA groups will be limited to "trusted associates" - family, friends, co-workers, fraternal groups, and professional/ religious organizations. Defaulting on payments could mean social shame and loss of reputation amongst an individual's closest associates. The idea is that for ROSCAs with small enough dollar amount commitments, reputation risk will be sufficient enough to keep participants honest. Reviews may also be left by other members to show how they felt about any participant.

2. Legal risk: ROSCA formation will allow trusted associates to e-sign and bind each other to a legal contract which requires faithful adherence and payment to the ROSCA. Defaulting on payments and stealing could mean legal repercussions. Legal recourse will only be used if individuals are participating in a "high-stakes" ROSCA and legal action would be worthwhile. I've spoken to our legal advisor and she believes it will be possible to create auto-populating templates that will be tailored to each person's ROSCA terms.

3. Collateral risk: Collateral commitments may be required prior to joining a ROSCA. The collateral will be entered into a smart contract which will surrender the property to the ROSCA group if the ROSCA agreement is breached. Collateral can be liquid-cash like assets like Bitcoin or even less liquid assets such as auto/ home titles. Our system will benefit significantly from the ability to accept less liquid assets, since the majority of middle classes’ net worth is locked in real estate. Collateral would allow capital to be used more efficiently.

4. Smart contract bounty (self-enforcement): If a ROSCA participant violates the terms of the ROSCA, the ROSCA group may start a “Bounty” on the retrieval of funds. If the funds are retrieved, the “Bounty” is paid out to the person who enforces the terms of the ROSCA.

These deterrent options will be on an "opt-in" basis and participants will be able to choose the level of security they want.

Nice response; I like that it is targeted to people you know. I will consider investing as it does seem to be a unique coin in the crypto market.

[sidodadii]

wow reach 957 btc now 

[Tripjammer]

Ok bros I got some skin in this wetrust game!

[modernbuddha]

Ok bros I got some skin in this wetrust game!

@Tripjammer: Thanks, appreciate your support!

[Tripjammer]

Ok bros I got some skin in this wetrust game!

@Tripjammer: Thanks, appreciate your support!

Looks like this one is going to be good, big and fair. I likey!