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

[WeTrustMivsam]

How to Contribute to the Crowdsale:

Continuing our post in this matter, here is the article that explains all the details:

https://medium.com/wetrust-blog/how-to-contribute-to-the-crowdsale-c9de5b91fc43#.ow1ewyrfp

[modernbuddha]

IMPORTANT ANNOUNCEMENT | WeTrust Crowdsale News

All,

Due to the Amazon Web Services (AWS) outage impacting numerous infrastructure services and exchanges (e.g. Coinbase/ GDAX), we have decided to delay the Crowdsale launch by 24 hours to March 2nd, 12:00AM UTC.

We apologize for this change in schedule. However, we believe that it is critical to have a smooth crowdsale experience.

Everything else stays the same, the only difference is that the start date and bonus schedule have been pushed back by 24 hours. Please help us spread this to the greater community.

Thank you for your continued support,
WeTrust Team

[iamnotback]

Watch Out, the ICOs Are Coming

...

The 3 typical characteristics, team, product and market seem to have taken a secondary position to the 3 new magical words: tokens, blockchain and decentralization.

Token utility linkage is not always there

The assumption that everything with a potential network effect is going to work with a decentralization starting point is not entirely true. The blockchain is not for everything.

The solution or product being developed needs to have a solid business model linkage that has a particular value when decentralization and/or tokenization of actions take place. The promise of a new model needs to be very compelling.

In the name of decentralization, the promises are big. You can’t just slap a token to anything, and expect magic to happen.

The token is not the business model. The value proposition or utility that is enabled by the token is the business model, and that linkage needs to be there early on. If the direction is not right, the chosen path will not lead to a good place.

...

Neither WeTrust nor Edgeless need their own token. Someone will create copies of their smart contracts which operate with ETH or BTC or which ever is the most liquid and popular token.

Users are not going to adopt a different colored coin for every service they want to use, nor go buy colored coins for every WeTrust fee they need to pay.

These companies need to develop business models that don't depend on them each creating their own unit-of-exchange, because monetary theory informs us that will never happen!

The ICO craze is for taking money from stupid people. Simple as that.

All of you who are buying these tokens are going to lose.

[iamnotback]

WeTrust has failed Coinbase's Securities Law Framework scoring guidelines.

[MoveCrypto]

How does WeTrust make money?

The WeTrust platform plans to charge fees on certain types of transactions, and for future premium value added services. Although WeTrust does not charge fees on the Trusted Lending Circle platform at the moment, we plan to charge a 0.3% fee on Trusted Lending Circles larger than 5 members, and a significantly lower fee of 0.1% when Trustcoin is used as the native token of value.

I thought you guys make money in ico and also hold 10%+ of the supply?  You really need to keep the fees on top of that?

Why don't you distribute the fees from the platform to all TRST holders to give them another reason to hold TRST?

Or collect the fees into a smart contract then holders can vote on how the fees are used.

[iqbal26]

Wetrust Crowdsale delayed because AWS issues , crowdsale will start march 2nd 2017 12:00AM
https://bitzco.net/wetrust-crowdsale-delayed-24-hours/

[logictense]

Wetrust Crowdsale delayed because AWS issues , crowdsale will start march 2nd 2017 12:00AM
https://bitzco.net/wetrust-crowdsale-delayed-24-hours/

Thanks god its not gonna happen, at least tonight. Got two packs of breadcrumbs and another dumb movie here, the only nasty thought that was distracting me from watching and eating was ur dumb sale. I wager that u will be ddosed in the very beginning of the sale, possibly by FBI.

[wmoug]

Watch Out, the ICOs Are Coming

...

The 3 typical characteristics, team, product and market seem to have taken a secondary position to the 3 new magical words: tokens, blockchain and decentralization.

Token utility linkage is not always there

The assumption that everything with a potential network effect is going to work with a decentralization starting point is not entirely true. The blockchain is not for everything.

The solution or product being developed needs to have a solid business model linkage that has a particular value when decentralization and/or tokenization of actions take place. The promise of a new model needs to be very compelling.

In the name of decentralization, the promises are big. You can’t just slap a token to anything, and expect magic to happen.

The token is not the business model. The value proposition or utility that is enabled by the token is the business model, and that linkage needs to be there early on. If the direction is not right, the chosen path will not lead to a good place.

...

Neither WeTrust nor Edgeless need their own token. Someone will create copies of their smart contracts which operate with ETH or BTC or which ever is the most liquid and popular token.

Users are not going to adopt a different colored coin for every service they want to use, nor go buy colored coins for every WeTrust fee they need to pay.

These companies need to develop business models that don't depend on them each creating their own unit-of-exchange, because monetary theory informs us that will never happen!

The ICO craze is for taking money from stupid people. Simple as that.

All of you who are buying these tokens are going to lose.

Well, you could copy a smart contract, but you can't copy a team or their experience.
Keep in mind that any ICO is just like any startup. Lots of uncertainty in the early stages, all around. So, it's not entirely fair to pick on one or the other. They all have to prove their models and traction. The ICO is just like a funding event. Better to judge them on what they will do with the money later and how they progress.

[Somastarted]

The Crowdsale is delayed 24 hours
Whats AWS?

[modernbuddha]

The Crowdsale is delayed 24 hours
Whats AWS?

@Somastarted: AWS is Amazon Web Services.

[tiaozhanziwo]

good luck WeTrust team

@mike77777: Thanks! We can't wait to finish the crowdfunding and get to the fun stuff and implement the vision!

Wish success.

[tiaozhanziwo]

Watch Out, the ICOs Are Coming

...

The 3 typical characteristics, team, product and market seem to have taken a secondary position to the 3 new magical words: tokens, blockchain and decentralization.

Token utility linkage is not always there

The assumption that everything with a potential network effect is going to work with a decentralization starting point is not entirely true. The blockchain is not for everything.

The solution or product being developed needs to have a solid business model linkage that has a particular value when decentralization and/or tokenization of actions take place. The promise of a new model needs to be very compelling.

In the name of decentralization, the promises are big. You can’t just slap a token to anything, and expect magic to happen.

The token is not the business model. The value proposition or utility that is enabled by the token is the business model, and that linkage needs to be there early on. If the direction is not right, the chosen path will not lead to a good place.

...

Neither WeTrust nor Edgeless need their own token. Someone will create copies of their smart contracts which operate with ETH or BTC or which ever is the most liquid and popular token.

Users are not going to adopt a different colored coin for every service they want to use, nor go buy colored coins for every WeTrust fee they need to pay.

These companies need to develop business models that don't depend on them each creating their own unit-of-exchange, because monetary theory informs us that will never happen!

The ICO craze is for taking money from stupid people. Simple as that.

All of you who are buying these tokens are going to lose.

Maybe it really does not need to.

[tiaozhanziwo]

It is great project, will it accept bitcoin or eth?

Both can be。

[tiaozhanziwo]

The Crowdsale is delayed 24 hours。
Quietly waiting for a day。

[tiaozhanziwo]

Vitalik Buterin one of your new advisors？So it is of particular concern.

[Strongkored]

I'm using Coinbase and I many people use Coinbase service too, and "AWS outage impacting multiple Coinbase and GDAX services" can affect wetrust ICO, many investors join ICO in first day because the bonuses, so delaying the ICO is the best choice to get maximum fund from investor in first day.

[modernbuddha]

I'm using Coinbase and I many people use Coinbase service too, and "AWS outage impacting multiple Coinbase and GDAX services" can affect wetrust ICO, many investors join ICO in first day because the bonuses, so delaying the ICO is the best choice to get maximum fund from investor in first day.

@Strongkored: One of the reasons why we decided to delay it for 24 hours. Everything seems to be working well now though!

[cattano]

Cannot waiting wetrust ICO started dev

[MoveCrypto]

It would greatly increase the attractiveness of this project if the fees from platform were collected into a smart contract and TRST holders could vote on how to spend them.

[nickhiggins123]

Am I able to use Myetherwallet?