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

[modernbuddha]

1500BTC minimum would be quite hard to achieve given the high rate of bitcoin.Also people like to diversify their investment portfolio so they do not put all their eggs in one basket.I think the minimum limit should be adjusted with high bitcoin price

@zahra4577: We think 1,500 BTC is fair and necessary to develop the features we're looking to build. It may be adjusted slightly if BTC takes a sharp turn upwards, but at this point, we will keep it at 1,500 BTC.

[modernbuddha]

Signature campaign stakes have been updated for this week. Please check to make sure stakes have been correctly assigned. Keep in mind, there is a 15 POST MINIMUM per week to receive stakes. We will update the other bounties later tonight.

https://docs.google.com/spreadsheets/d/13qmsfOoS5vprhvvTM7VjA0GO-0UnFdAD0J_vJxv5UxY/edit?usp=sharing

[Bobo81]

Wish you the best!

[modernbuddha]

Wish you the best!

@Bobo81: Thanks man! Appreciate the kind wishes. Lots of updates coming soon regarding corporate structure/ entity, escrow signees, revamped website, interviews with our advisors, etc.! Stay tuned.

[jwiz168]

I still did not receive the images for the OP . All is set to post, is it ok that images are not translated so that I can launch the translated OP ?

[modernbuddha]

I still did not receive the images for the OP . All is set to post, is it ok that images are not translated so that I can launch the translated OP ?

@jwiz168: I sent you an email the other day. Can you please double check?

[SpacemanOne]

Why don't you answer any questions about the TRST token economic basis?

I read your Whitepaper yesterday, what I can understand from it is that you want to create a platform where a group of people can come together a create a ROSCA (saving scheme is my part of the world). I don't understand how your token will increase in value also the issue of trust, how is this going to be enforced, I have BTC on BTCjam.com that has not been refunded because the borrower run away with the borrowed money

I'm trying to understand the economics behind the TRST coin and why one should invest early. So I assume that each ROSCO unit will be putting funds into the contract that's somehow denominated by crypto. How does activity of a ROSCO affect the price of TRST? I'm assuming they're not required to buy and hold ROSCO to use the app, but there's some user friendly way to transfer funds in a local currency to whatever is managed by the app. Is TRST then being bought from the market at market rates? If some kind of pegged token is used, is that bypassing the TRST token altogether?

Why is TRST token attractive for crowdsale participants?

What profit sources exist for the TRST token holders?

[modernbuddha]

Why don't you answer any questions about the TRST token economic basis?

I read your Whitepaper yesterday, what I can understand from it is that you want to create a platform where a group of people can come together a create a ROSCA (saving scheme is my part of the world). I don't understand how your token will increase in value also the issue of trust, how is this going to be enforced, I have BTC on BTCjam.com that has not been refunded because the borrower run away with the borrowed money

I'm trying to understand the economics behind the TRST coin and why one should invest early. So I assume that each ROSCO unit will be putting funds into the contract that's somehow denominated by crypto. How does activity of a ROSCO affect the price of TRST? I'm assuming they're not required to buy and hold ROSCO to use the app, but there's some user friendly way to transfer funds in a local currency to whatever is managed by the app. Is TRST then being bought from the market at market rates? If some kind of pegged token is used, is that bypassing the TRST token altogether?

Why is TRST token attractive for crowdsale participants?

What profit sources exist for the TRST token holders?

@SpacemanOne: Apologies - I think they might've slipped by. It's been hectic. I hope you understand.

Q: Why is TRST token attractive for crowdsale participants?
There will only be 100M Trustcoins (TRST) in existence and no more will be created after the crowdsale. The coin will be essential for our trusted lending circles (aka, ROSCAs) to function (as all fees will be quoted in terms of Trustcoin). Future features that will be developed out from the trusted lending circles will also require Trustcoins as their "fuel"/ collateral. Does this help? Let me know if you have any questions - we're currently working on a nicely written blog post that goes into high detail about our coin to help the general audience.

Q: What profit sources exist for the TRST token holders?
Under advice from our lawyers, I cannot comment on how TRST tokens are a "profit source". That is for you to decide. However, I can provide you a piece I wrote on "crowdsale analysis".
https://docs.google.com/document/d/1bslchS9qtCQBzQvX2mV2yr18PppLXr7saT6x73-uMTk/edit?usp=sharing

[lfwjaw]

i will look forward 

[Anarchy101]

Hey,

I was just wondering if the TRST token holders receive some sort of dividends later.

Thank you

[cryptospreader]

Hey,

I was just wondering if the TRST token holders receive some sort of dividends later.

Thank you

@Anarchy101: No dividends will be issued for Trustcoin (TRST) holders.

[dranster]

is this a 3 month long ico?

the date format on the front page looks quite confusing

[mike77777]

is this a 3 month long ico?

the date format on the front page looks quite confusing

The date format is an unpopular USA format: month/day/year. 1.5 month long ico

[moroseneng]

Use program bounty like an iconomi project and your ico will get succesfull.

[junder]

Use program bounty like an iconomi project and your ico will get succesfull.

its depends about this project to be successfull
If this is a great project and promosing in the future, the people will be interested to join in the ico.

[tiaozhanziwo]

very happy。

[amanojaku]

its already on week 2
but progress of bounty in week 1 is not update on spreadsheet

[mike77777]

Is there an error in signature campaign sheet? Because some people with "no avatar" got 20 stakes while some got 10. And I see now that info about 10 less stakes for "no avatar" is only in register form and there is no such an info in the main bounty post.

[mammusu]

its already on week 2
but progress of bounty in week 1 is not update on spreadsheet

Dont worry about that, it will updates soon
when the manager campaign is online or maybe they are busy.

[DISPERADO]

its already on week 2
but progress of bounty in week 1 is not update on spreadsheet

Filling in of the spreadsheet will be at the last moment as usual. Then the hunt begins for multi-accounts. Although, I hope that it is not so. What about the binding of the Bitcointalk user accounts with social networks? This is implemented?